Bulgaria and Romania Could Become Important Drivers of Europe’s Green Recovery
Date: July 10th 2020
Author: Peter Palčec
“Through clean energy investment, Bulgaria, the Czech Republic, Poland and Romania can be important drivers of Europe’s green recovery and climate efforts,” states a report titled ‘Investing in the Recovery and Transition of Europe’s Coal Regions’.
According to the report, the four countries have a total of more than 50 GW of coal- and lignite-fired capacity in their electricity mix and account for nearly two-thirds of Europe’s coal capacity not yet covered by a coal exit policy.
The report concludes by clearly stating that “renewables are the cheapest source of new bulk electricity generation for Poland, the Czech Republic, Romania and Bulgaria” and that “new renewables are becoming competitive against the marginal cost of existing coal and gas power plants.”