The Romanian Government examines the possibility of modifying the program to support renewable energy, Bloomberg reports.
Energy Minister Andrei Gerea said Monday that the Government is holding talks with energy companies and regulators about a solution that would make investment in renewable energy" profitable again ".
"Romania is not in the position to say that it has reached its renewable energy target by 2020. We must continue to invest in capabilities because we can export and make money," Andrei Gerea said.
Last year, Romania has followed the example of other European countries such as Spain, France, Italy and Britain, by reducing subsidies for renewables. The intention was to avoid overcompensation of companies and limiting price increases for consumers. In response, a number of companies have canceled plans for investment in new wind mills and solar parks located in Romania.