- High demand for new production capacities
- Growing power consumption
- No tenders for power producer licenses
- Lot of unused non expensive land
- Available development resources
- Fair competition
- Good solar iradiation
© 2019 The World Bank, Source: Solar resource data: Solargis
- High IRR without subsidy
- Interconnected grids with neighbourhood countries
- Abundance of ready to build projects
- Challenging legal framework for PPAs
- Demanding permitting process
- Phase out of the old power capacities
- Current energy price in Romania is well below the average EU price
- No specific renewable subsidy scheme in place
General market context
Renewable Energy in Romania
5,000 MW of renewable energy projects have been installed until 12.2016, when the green certificate subsidy scheme was canceled, 4.4% above the planned 4,780 MW in the Romanian Renewable Energy Action Plan.
Regulation 943 (applicable starting 2020)/ Directive 944 (to be transposed in national law)
Directly negotiated power purchase agreements concluded outside OPCOM centralized markets once again is allowed.
Long term PPAs may be concluded as early as of the development stage, once a technical connection permit is obtained.
30.7% for 2030 vs. app. 24.5% actual in 2017 → proposed new investments: 2,050MW of wind and 3,700MW of solar
RES power price
At a power price of 50-60 EUR/MWh wind and solar energy technologies no longer need support schemes to become economically viable investments in the EU, as a result of increased CO2 price and efficiency improvements/ decrease of technology cost for RES
Electricity prices – Day Ahead Market 2018-2021 (€/MWh)
- Average Price 2018-2021 = 45.0
- Average price 2019 = 49.7
- Average price 2020 = 39.8
- Average price 2019 = 52.9
- Memorandum on the basic principals of a new CfD scheme for new RES, nuclear and battery capacities in Romania has been signed between the Ministry of Economy, ANRE and Competition Council
- Ministry currently runs a study with an independent consultant to evaluate options/ details for implementing the CfD scheme.
- Expected to be implemented in 2021-2022.
Latest news about photovoltaic in Romania
- Canadian renewable energy producer Grasshopper Energy and Prince Stefan Sturdza about to invest $ 1 billion in photovoltaic projects in RomaniaThe Canadian renewable energy producer Grasshopper Energy is expanding in Romania, through a partnership with Prince Stefan Sturdza, the son of Romanian businessman and former…
- The Austrian Core Value Capital fund comes with investments of 800 million Euros in Romanian photovoltaic parksThe Austrian investment fund Core Value Capital, the owner of one of the largest solar parks in Romania, has planned investments of 800 million Euros…
- Heliopolis is preparing a 5 MW photovoltaic project near BucharestThe Heliopolis company, supported by the family of the Florentine knight Ferruccio Marchi, with a strong history in the Italian chemical industry, is preparing the…
- R.Power, the largest Polish developer of photovoltaic projects, enters in RomaniaR.Power, the largest Polish developer of photovoltaic projects, which currently operates a portfolio of projects with a power of over 5 GWp, has signed a…
- Portland Trust sells 153 MW solar power project in Romania to Econergy and Nofar EnergyPortland Trust’s 153 MW photovoltaic power plant will be installed on 165 hectares in Rătești, Argeș County, northwest of Bucharest, Romania. The completion of the…
- Electrica takes over 207 MW wind and solar portfolio from MonssonElectrica has announced it bought shares in three Monsson’s firms engaged in the development of renewable energy projects. Electrica paid EUR 13.2 million for the…