- 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 2021 = 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 2022-2023.
Latest news about photovoltaic in Romania
- The largest photovoltaic park in Europe will be built in Romania with 800 million eurosThe construction of the largest photovoltaic park in Europe, which will start in 2023 in Arad county, will cost approximately 800 million euros, the representatives…
- Rezolv Energy acquires development rights from Monsson for 1GW PV park in RomaniaRezolv Energy, a company backed by British investment fund Actis, acquired from Monsson, the largest Romanian green energy developer owned by Emanuel Muntmark, the late-stage…
- Chinese group Chint, Intec Energy Solutions from Turkey and Israeli developer Ecoenergy joined forces to build the largest photovoltaic park in RomaniaThe Chinese group Chint, founded in 1984 and specializing in smart energy solutions, and Intec Energy Solutions, a company based in Turkey, have announced that…
- Israel-headquartered Econergy International has acquired 81 MW Romanian PV project located in Oradea from PNEGerman developer of wind farms PNE said on Monday it has sold a photovoltaic project in Romania with a total nominal output of around 81…
- ENERO received the connection approval of its first solar project 71 MW in ROMANIAENERO FURNIZARE has announced it had received the connection approval of its first solar project 71 MW DC/49 MW AC, located in Dolj county, South…
- Shikun Binui and Emanuel Muntmark to build EUR 50M photovoltaic park in Satu MareShikun & Binui Energy, the energy investment arm of Shikun & Binui, the biggest Israeli real estate developer, will earmark as much as EUR 50…