- 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
- A Swiss commodity trader who belonged to the richest Belgian – in a mixed photovoltaic-green hydrogen energy project in AradSwiss goods and energy trader AOT Energy Switzerland AG, whose majority stake belonged to the family of the former richest Belgian, Albert Frere, who died…
- Alternus Energy buys 20MWp solar park in Romania for 22 mln euroBUCHAREST (Romania), May 4 (SeeNews) – European independent power producer (IPP) Alternus Energy Group said that it has bought the 20 MWp solar park LJG…
- Romgaz and GSP Power signed a memorandum for the construction of a new 50 MW photovoltaic park in HalângaWithin the event held last week, Romgaz officials did not disclose the value of the investment in Halânga, mentioning that the feasibility study phase is…
- E.ON to deliver 145 small-sized turnkey PV projects in RomaniaElectricity and gas supplier E.ON Energie Romania, the local unit of Germanys power droup E.ON, has recently concluded contracts with 145 local customers for delivering turnkey PV (photovoltaic)…
- Romanian retail chain Dedeman covers most of its stores with solar panelsDIY store owner Dedeman finished rooftop photovoltaic systems for self-consumption on 38 out of 54 units that it operates in Romania, with E.ON Energie România…
- Hidroelectrica continues its acquisitions: it wants to take over a photovoltaic project from one of the most important real estate developers in Central and Eastern EuropeThe state company Hidroelectrica, the largest electricity producer in Romania, continues to implement its strategy for the acquisition of renewable energy production assets, after the…