European Energy continues to expand in Romania as the Danish company’s development pipeline reaches 1GW. With a new office in Bucharest, the green energy developer aims to become the market leader in Romania.
Continued expansion
European Energy has a strong presence in Denmark and is now expanding into the Romanian market. Indeed, it has a development pipeline of 935MW of renewable energy, including 810MW of solar and 125MW of wind. In addition, the company is also receiving grid connection approval for another 125MW project that is well underway.
This support is underlined by Ioannis Kalapodas, head of the European Energy Romania office:
“We see Romania’s very strong decision to contribute to the reduction of CO2 emissions in Europe. Romania is promoting investment opportunities for green energy production in the country.”
In the coming years, European Energy aims to become one of the leaders in the Romanian renewable energy market. In addition, European Energy currently has ten local projects under development.
In addition, European Energy intends to use renewable energy to develop “Power-to-X” technologies. In fact, the company is already using this type of e-fuel production technology in Denmark. Ioannis Kalapodas points out that the company is one of the pioneers of e-fuel:
“Renewable energy is reaching a stage where it can be used for more and more purposes in the next decade. We believe we are one of the pioneers in the Power-to-X market, not only in Romania, but also in the world.”
Romania, a promising market
The war in Ukraine is making the Romanian government change its ambitions in terms of energy transition. The country, which is 29% dependent on Russian gas imports, wants to speed up its transition. However, the installed energy capacity of solar and wind energy in Romania is lower than in other European countries.
Therefore, European Energy sees Romania as a promising market with some room for improvement. Administrative changes are necessary for the development of projects. Finally, the network connections still seem long and complex.
Currently, the country has about 3GW, since the end of 2021, of wind power according to the International Renewable Energy Agency. In addition, Romania has almost 1.5GW of solar energy. Thus, Bucharest could add more than two GW of wind farms by 2030.
