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Theoretical and Applied Economics
No. 10 / 2014 (599)

Public-private partnership in the context of regional development – a solution for renewable energy projects?

Alina-Mihaela BABONEA
Bucharest University of Economic Studies, Romania
Monica-Gabriela GHERMAN
Bucharest University of Economic Studies, Romania

Abstract. The public-private partnership (PPP) is the latest trend and it represents a real concern for both the authorities and investors. It is believed that the public-private partnership is a concrete solution for regional development that the European countries want to promote lately.

Romania wants to expand in this system of regional development and this research aims to emphasize the connection between the concept of sustainable regional development and green energy at level of public authorities, private companies and individuals who compose the society.

This study aims to show that Romania is a country with great potential for development in renewable energy and, at the same time, attractive for creating the PPPs. In this research, it shall be pointed out that Romania is a favorable environment for creating the PPPs in green energy domain and this can be a starting point for identifying specific projects in the context of sustainable regional development.

Given that the authorities and private sector companies will work together to accelerate the development of renewable energy projects, regional development phenomenon can operate normally facilitating investments in this area.

Keywords: Public-private Partnership; Renewable Energy; Sustainable Development; Regional Development; Investment.

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