Romania needs investments of 40-50 billion euros for the energy sector by 2030, an amount that cannot be covered exclusively from public funds, which is why it is necessary to mobilize private capital to finance the energy transition and critical energy infrastructure, said on Thursday the general director of the Bucharest Stock Exchange (BVB), Remus Vulpescu.
"Romania needs investments of 40-50 billion euros by 2030 for the energy sector alone. It seems like a huge amount. It cannot be covered exclusively from public funds, especially in the context of the budgetary pressures that we all know and for which we are all making the necessary effort, knowing the enormous importance of the success of the ongoing structural reform program. This is where the essential role of the capital market comes in - mobilizing private capital to finance the energy transition and critical energy infrastructures and beyond. By listing energy companies, issuing green bonds, attracting investment funds and retail investors, from large foreign institutions to Romanian retail, whose strength we are applauding again, just these days, in another public offering, the capital market is a bridge between the development opportunities of the energy sector and the resources available at national and international level", mentioned Remus Vulpescu, at the "Energy for Romania" event, organized by the Electrica Group, in partnership with the Electrica Foundation.
According to him, new company listings will strengthen the representation of the energy sector on the stock exchange or will offer new opportunities to diversify investors' portfolios.
"Looking to the future, I see extraordinary opportunities. New listings of well-known companies are in preparation, they will strengthen the representation of the energy sector on the stock exchange or will offer new opportunities to diversify the portfolios of our investors, so that our market will continue to deepen and offer more investment options: diversification of financial instruments, sustainable green bonds and various other financial instruments that can meet the financing needs of the energy sector; increasing the participation of institutional investors - pension funds, open-end investment funds, alternative investment funds that can bring stable and long-term capital for energy projects, not least domestic retail investors. Today we are at the intersection of three transformative forces: energy transition, digitalization and capital market development," added Remus Vulpescu.
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