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More than €22 Billion to be Invested in New Generating Assets by 2030, Supported by Further Investment in Grid Improvements and Interconnections
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A total of €21.8 billion will be invested between 2015 and 2030 on new power generation capacity in Romania. Nuclear accounts for the largest portion, but there is also investment in gas, hydro, and renewables. At the same time, a number of aging assets will be retired, not only in generation, but also in transmission and distribution. New grid investment is needed, particularly relating to interconnections with Romania’s neighbours. Romania is one of the key markets for gas production in Central and Eastern Europe. These markets have attracted international companies over last few years thanks to improvements in market policies. Romania has made a few changes to the supportive incentive scheme to control the unexpected boom in renewables, resulting in a lower level of confidence on the government’s position and the continuity of the support. This will slow renewable investment in the future, but Romania will meet its 2020 targets.
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