Green Power Central and Eastern Europe, the Renewable Energy and Energy Efficiency event for the region was launched yesterday together with the full support of the United Nations Environment Programme, REEEP, LEAD and with other regional organisations.
(PRWEB) April 9, 2004 -- This well timed event captures the growth opportunities of this €18bn Euro market" said Adam Pool, Chief Investment Officer, EIP (http://www.eip.com.pl/)
Green Power CEE will be held in Budapest on 27th-29th September 2004 and comes at a vital time for the new accession countries of Eastern Europe. Many of these countries have huge potential for growth in both energy efficiency and renewable energy. Under the former centrally planned communist economies emphasis was placed on volume and quantities rather than price or efficiency. Until now, large hydro projects apart, there has been relatively little activity or focus on renewables.
The Newly Associated States (NAS) of the European Union have challenging targets for the growth of renewable electricity generation over the next few years… as the forthcoming requirement to comply with the European Directive on renewable electricity" http://ascert.energyprojects.net/
Regulate to Open the Finance Tap
Regulatory regimes and market mechanisms must be created that recognise the role of private finance in order to attract the necessary levels of investment and FDI. Private investors require security, long-term price guarantees and market incentives to minimise their risk and exposure. Carbon finance initiatives such as renewable obligation certificates could provide much needed incentives as well as the recognition/reduction of existing hydrocarbon subsidies to level the playing field. The importance of attracting finance to the region is demonstrated by the announcement from the UNEP Finance Initiative (http://unepfi.net/) that they will run a Renewable Energy Finance Forum as part of the event.
Romania Seeks Investors for Wind Power Plant - 3rd November 2003 – Romanias Transport Ministry said it would expect foreign investors to express their interest in a project aiming to develop a wind power plant near Black Sea port of Constanta." www.ase.org.yu/docs/CEE0019.pdf
Growing Energy?
Of particular regional interest is the possibility for Rural Economy Renewable energy projects (in particular, biomass) that could provide the agricultural communities with new crops to offset the increased competition from being within Europe.
The Biomass Energy Fund was finalized and the Tripartite Contract arrangements were approved by the Slovenian Government."
We are receiving lots of interest and we are thrilled to be hosting the UNEP Finance Forum, it shows the high interest in making energy work more efficiently and cleanly in the region. We are looking forward to a great event and hope it provides an annual meeting place for private industry to meet potential partners, investors and the regulators" commented Sarah Ellis, Green Power CEE Event Director.
Private One 2 One Meetings Service
The local Innovation Relay Centre (http://irc.cordis.lu) will also be supporting the event to offer private one 2 one meetings for pre-registered delegates to meet prospective partners and clients so that all attendees can maximize their time at the event.
Bulgaria will be receiving up to €50 million from the EBRD for local banks to disperse to private sector businesses interested in improving their companys energy efficiency."
|
