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Romania: The Target for Renewable Energy Production for 2020 Has Already Been Reached

Cătălin Gabriel Stănescu

In 2014, Romania has reached the renewable energy production target for 2020. However, this is not necessarily good news. The green certificates prices have reached their peak, which poses heavy burdens on national companies. These burdens are reflected in the price of Romanian products, which makes them non-competitive on the EU market. On the other hand, governmental measures taken in order to ease the burden of local producers are chasing away investors in renewable energy.

Cătălin Gabriel Stănescu, M.A, LL.M., is a Romanian attorney specialized in Romanian private and energy law and an S.J.D. candidate in International Business Law with Central European University (New York/Budapest).


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