The EU has now approved
Romania's Renewable Energy Support Regime

A report from Energy Investments & Finance

An Overview of the Renewable Energy Market in Romania

Energy Investments & Finance, our finance partners in Romania are market leaders in financing Wind and Solar PV energy systems.

Our anlaysts have studied the recently adopted Energy laws (220/2008 & 139/2010) and have published an in depth report of the current and future development of Renewable Energy in Romania.

Our development partners in Romania are European market leaders in the development and construction of Wind and Solar PV energy systems.

Romania - Europe's Centre for Wind Energy Projects
Invest East's client companies are developing Europe's largest onshore Wind Farm, a 600MW facility, at Fantanele close to Constanta - Development cost - €1.1 bn.

Additionally, we can offer a further 1,036 MW of construction ready projects to selected investors.

Each project has fully developed Energy potential analyses, permits for Grid connection, Positive Environmental imapct studies and in most cases Construction permits

Detailed investor memoranda will be provided upon application.

Energy Invest & Finance have placed offers for Renewable Energy Financing in Romania totalling more than EUR 3.7 billion in 2010.

Small Hydro Projects offered for acquisition or JV investment

Fully permitted projects with a sound technical analysis are selling quickly.

Our projects are listed in the following page & are updated regularly.

Click for projects

Solar - Photovoltaic Projects in Italy & Romania

Invest East can offer investors a variety of opportunities to participate in Alternative energy projects in Romania & Italy.

Solar Farms or Industrial Roof mounted projects.

Detailed investor memoranda will be provided upon application.

Presentation for Investors

Energy Invest & Finance have teamed up with a Solar PV Project turnkey Developer, and provide a fully financed off the shelf package for investors.

Green Mountain Resort Development

A mountain location combining Virgin forests with sophistication of 5* Hotels, Resort & Residences
across a 12 month season

Winter sports - from November – April
Summer retreat - from the heat of the cities

The European Investment Bank (EIB) will grant a EUR 65 Million loan to Transelectrica SA to support its medium-term investment programme which includes the modernisation and upgrading of seven electric high voltage stations within the electric transport network, as well as the replacement of the transformers and autotransformers from the high voltage stations.

This is the first direct loan allocated to a partially state-owned Romanian company based on a single signature (EUR 32.5 Million). The rest of the amount will be guaranteed from third party banks. The investment will contribute to optimizing the supply rehabilitation and quality.

The EIB loan covers 50% of the project’s total cost and it is granted on a 15-year period, with a grace period of 2 years. Currently, this is the third credit Transelectrica receives from EBI resources. The previously granted loans went to investments in the rehabilitation of the transport electric network as well.

What does Romania offer

The graph above shows that Germany and Spain already use wind-power quite extensively.

In terms of density Denmark is the most advanced European market. Wind thereby supplied 21% of electricity consumption in Denmark last year and 7% in Germany, but its share is approximately 30% in the German state of Schleswig-Holstein. In the short term, the installed wind power is expected to grow at a CAGR of 15.3% to 118 GW in 2012. Particularly additions in France and the UK, which enjoy a lot of abundant wind potential growth, will increase.

In the CEE area, countries like Poland (planned capacity of 12 GW by 2020) and Romania (potential for 14 GW) have good prospects to utilize energy from wind power.

Romania has a large volume of projects under development, in August 2010, close to 1000MW have been sold. The largest onshore wind park outside the USA has been sold to the Czech energy company CEZ, and has been developed and constructed by a Swedish owned company that can offer a portfolio of projects totalling 2 100 MW.

• The low risk of an under developed market
  
  
• Highest wind power potential in southeastern Europe (2nd place in entire European continent)
  
  
• Large unpopulated areas in ideal onshore wind energy locations
  
  
• Experienced developers
  
  
• Zero Renewable Incentive risk
  
  
• Developed open energy market

Renewable Energy Support systems

Institutional investors and Banks formerly believed that Government provided Feed-in Tariff subsidies were a better bet than an open market Green Certificate regime driven by the onus of a Quota system placed on energy suppliers.

Spain started the rot by reneging on its laws supporting investment in renewable energy, followed by Germany, Italy and the Czech Republic. In an instant Investor confidence is blown away - from Feed-in tariffs.

The Green certificate "horse" has come from behind and provides, in 2010 and beyond, a more risk resistant platform for investors in Renewable Energy.

The Winners are:-

1. United Kingdom
2. Sweden
3. Latvia
4. Poland
5. Belgium
6. Romania

Why Romania - More Energy output per $ invested (Wind & Solar)

Romania has above average conditions for high output of energy from Solar PV

The efficiency of Romania's Wind & Solar projects is unquestionable, and overlaid onto a stable support regime.

Unlike State subsidised support schemes, the Government gains not one cent to its budgets if Green certificate quotas are modified - it is our considered opinion, that Romania's support regime for Renewable Energy is close to bullet proof.

Presentation for Investors