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Romania on spot 34 in EY's index of world renewable energy investment attractiveness
Romania further stays on position 34 in the world ranking of the attractiveness of renewable energy investment and deployment opportunities; as regards the used technologies, Romania holds the best indices for solar energy and biomass, shows the EY latest Renewable Energy Country Attractiveness Index (RECAI), reads a company release."Romania kept its position in the world ranking of renewable energy investment attractiveness, against a backdrop characterized by the absence of major decisions to impact the balance among the interests of investors, energy consumers (bill payers) and the state. Yet in the future we might see it go down in the hierarchy, as large-scale investors complete calculations on loss incurred in Romania, and other countries advance in the fight against climate change by improving the investment milieu for renewable energies," explained Valeriu Binig, Partner with EY Romania's Transaction Advisory Services.
According to the report, changes in global policies triggered a major change in the quarterly ranking of the attractiveness of investments in renewable energy projects. After having lost the RECAI crown to China for one year, the US takes again the index top spot, as it rolled out its most coherent, flexible and strategic piece of energy legislation in decades.
The release shows that US President Barack Obama's Clean Power Plan (CPP) sends a strong message of government responsibility, as it formalizes the US' goal to reduce power plant emissions 32 percent by 2030, and is expected to engage significant investments in renewable energy in the next 15 years.
"The CPP program currently represents the most comprehensive and flexible piece of legislation on carbon emissions in the US, offering a clear image on the country's long-term energy strategy. (...) Long-term visibility increases investor confidence in existing demand and maintains interest in reaching parity in the generation of renewable energy and traditional energy," reads the release.
The RECAI is a quarterly ranking of 40 countries based on the attractiveness of their renewable energy investment and deployment opportunities, according to a number of macro, energy market, and technology-specific indicators.