March 03, 2025 11:41 GMT
POWER: Romania GOOs Activity Set to Improve Once International Trade Begins:BNEF
POWER
Romania is preparing to enable international trading of Guarantees of Origin (GOOs), aiming to improve market liquidity, with the number of GOOs requesters climbing to an all-time high, according to data from BNEF.
- Over 440 clean energy producers were awarded GOOs in 2024, with 106 issuing or transferring them for the first time, showing the expansion of the country's renewable market.
- Romania plans to introduce auctions for GOOs, similar to those in Italy and other European nations, although current GOOs are freely issued and transferred under existing regulations.
- The move comes as the Ministry of Energy submitted a draft Emergency Ordinance in February 2025, aiming to join the AIB by 2026, enabling cross-border GOO trading.
Additionally, CPPAs hit a record 339MW in 2024, with significant growth expected as clean energy supply and demand rise alongside the opening of the GOO market, according to BNEF.
140 words