President of the Romanian Wind Energy Association (RWEA) Claudia Brandus said that renewable energy could be supported without subsidies if revenue predictability is guaranteed through market rules integrating new capacities and long-term contracts.
Brandus reminded that the European Parliament approved earlier this year a new target of 35 % for renewable energy in 2030, over the European Commission’s proposal of 27 %, which is a significant increase. Investments in wind energy made at the beginning with subsidies that covered the market price were profitable. However, the cost of technology has fallen since then and when the necessary rules are implemented, operating rules that integrate renewable, subsidies will no longer be required to keep the renewables sector profitable. Therefore, it is enough to ensure revenue predictability and fair market conditions, and no subsidies will be needed in the RES sector.
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Tags: electricity, legislation, renewables, RES, Romania, RWEA, ssolar, wind