FIC: wind power can draw five billion Euro – but laws must be in place
Romania’s renewable energy sector should draw investment of at least five billion Euro in wind power alone by the end of 2013, according to the Foreign Investors Council (FIC) April 2011 - From the Print Edition
“The physical and geographical conditions are excellent in Romania and there is significant potential for wind energy,” said Frank Hajdinjak, FIC board member and head of the energy working group within FIC.
However FIC is calling for the Government to speed up the implementation of its renewable energy legislation – which has seen a delay of nearly two years.
“If the legislation is not changed rapidly, this will wipe off any investment in this sector,” added Jean Valvis, head of Valvis Holding and co-chairman of FIC’s renewable energy committee.
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