Renewable energy

As part of the EU’s 20-20-20 goals, the CEE is reducing primary energy consumption and greenhouse gas emissions, while increasing its share of RES by 20 per cent. The priority of governments is in introducing a number of measures for supporting alternatives, including biomass, hydropower, wind and solar. The highest share of renewable energy consumption in the EU12 is found in Estonia and Bulgaria, both reaching their 2020 target of 16 and 25 per cent respectively, with Slovakia and Hungary more than doubling their renewable energy share and the Czech Republic and Romania coming up just two percentage points shy of theirs.

As two countries with the most potential in on- and offshore wind farming, Poland and Romania continue to install the most wind generators –at 894 and 695 in 2012 respectively. It is estimated Poland is utilising only 17 per cent of its renewable energy resources, with the government implementing a support system and incentives for RES along with Romania, which ranks as one of the top 10 most attractive in wind energy investment.

The most competition in offshore comes from Lithuania and Estonia, the latter leading the way by investing €405 million in wind energy already, including two wind parks in the Baltic Sea. The Croatian, Serbian and Slovenian governments are focussing on promoting FDI in RES, with solar and biomass being some of the most dynamic sectors among them. Biomass also holds great potential in Latvia, while hydropower already accounts for 95 per cent of Slovenia’s RES and Serbia has entered an agreement in exporting green energy to Italy.