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European funds are an essential means for increasing the capacity of energy from renewable sources, and Romania has about 30 billion euros at its disposal, an amount that could, in one form or another, be used in the energy field, Corneliu Bodea, president of the Romanian Energy Center (CRE) and CEO of Adrem, told AGERPRES.
“European funds are an essential tool for increasing the capacity of energy from renewable sources, because the volume of investments required is enormous. That is why, at the level of the European Union and at the global level, many states allocate significant amounts in this regard. Companies, left alone, would not be able to cope with this financing, given the fact that some of the renewable technologies are more expensive than classic technologies, such as those based on fossil fuels, for example, which we want to move away from. It is a period in which Romania also benefits from many lines of financing that are directed towards energy in general and the entire European Union has very ambitious plans,” Bodea explained.
He gave as an example the financing lines within the Green Deal program, those from the National Recovery and Resilience Plan or other platforms.
“Currently, there is the National Recovery and Resilience Plan (PNRR), which has an amount of about 1.6 billion euros allocated for energy, and for energy efficiency in buildings it has 2.7 billion euros. Although, in my opinion, the smartest investment that can be made before anything else is to find ways to consume less,” said the CRE president.
Corneliu Bodea also recalled the Modernization Fund, a financing instrument built in connection with the value of the carbon certificate, Romania having an estimated 13 billion euros from this fund by 2030.
Added to this is the Just Transition Fund, which includes a number of countries in the European Union that are considered to be highly dependent on coal-based energy production.
“That is why money has been allocated from the European Union for a just transition, to give the chance to those who live in these areas to close coal production, but to adopt other trades and other activities in that region. There are six counties in Romania involved in this project, Hunedoara, Gorj, Dolj, Galati, Mures and Prahova, and it is an amount of 2 billion euros dedicated to this program. In addition, there are also programs carried out together with local authorities, based on these funds, which can be for professional retraining, so that people who give up those activities can make this transition”
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