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John Daly

John Daly

Dr. John C.K. Daly is the chief analyst for Oilprice.com, Dr. Daly received his Ph.D. in 1986 from the School of Slavonic and East European…

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Renewable Energy Investors Should Consider - Romania

The European Union has been hammered by the global recession that began in 2008.

The recession has bit particularly hard into the EU’s newest members, the Central and Eastern European nations that were either under soviet hegemony or worse, part of the Evil Empire (Estonia, Latvia and Lithuania.)

So, where are investors to make a euro in such uncertainty?

Well, for astute investors looking at renewable energy in the EU, one of the hottest bets right now is – Romania.

Yes, THAT Romania, beloved of Hollywood for Dracula films, more recently for being the film site for “Borat.”

On 28 February Romanian Environment Minister Laszlo Borbely told a conference in the capital Bucharest that the nation would seek to increase its wind power generation from its current level of 800 megawatts to 1,400 megawatts by the end of 2012 for an impressive increase of 57% in a year.

Romania’s attractiveness as a potential site for renewable power generation has received the imprimatur from London-based Ernst & Young, one of the largest professional service firms in the world and one of the "Big Four" accounting firms, along with Deloitte, KPMG and PricewaterhouseCoopers.

In its latest Country Attractiveness Indices report, which analyzes the 40 most attractive countries in terms of domestic market for renewable energy, infrastructure and compatibility with individual technologies, Ernst & Young ranks Romania alongside…

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