Investments in wind farms are most often compared with the boom recorded on the real estate market. So whereas in the 2007-2008 period one would talk hectares, now the new trendy word is megawatt. This year, investments in the wind power sector will reach around one billion euros, but the question is how much of a burden these "windmills" will become both for the population and for the industry.
"Whilst up until just over a year ago we used to talk hectares, now we talk MW. Bubbles tend to form in the most developed sectors," said Mihai David, general manager of Hidroelectrica, Romania's cheapest energy producer at a seminar on renewable energies organised by Business Magazin weekly.
Apart from Hidroelectrica, the event's partners were KDF Energy, CEZ and Noerr law firm.
The head of Hidroelectrica did not, however, say if this "bubble of green energy" would burst as the real estate one did, but its effects, apart from the positive impact on the environment, will include higher energy bills both for household consumers and for the industry.
"The fact that energy will become more expensive will lead to products manufactured in Romania becoming more expensive. Investments in renewable energy will drive high-cost energy producers out of business faster," David adds.
Investments in wind farms are most often compared with the boom recorded on the real estate market. So whereas in the 2007-2008 period one would talk hectares, now the new trendy word is megawatt. This year, investments in the wind power sector will reach around one billion euros, but the question is how much of a burden these "windmills" will become both for the population and for the industry.
"Whilst up until just over a year ago we used to talk hectares, now we talk MW. Bubbles tend to form in the most developed sectors," said Mihai David, general manager of
