- 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
- Electrica Furnizare installs 796 photovoltaic panels for Uztel Ploieşti companyElectrica Furnizare installed 796 photovoltaic panels for the Uztel company from Ploieşti, the photovoltaic power plant will cover part of the electricity consumption of the…
- E.ON and Cramele Recaş invest over 400,000 Euro in a photovoltaic power plantE.ON Energie Romania and the wine producer Cramele Recaş start this month the construction of a photovoltaic power plant, with an investment worth about 430,000…
- Enel X to build 1 MWp solar park for Kaufland Romania warehouseEnel X Romania, part of Italian energy group Enel, said on Tuesday that it is building a 1 MWp solar park worth 1 million euro…
- Alerion Clean Power buys three solar plants with 14.3 MW total capacity in RomaniaItalian renewable energy holding Alerion Clean Power said on Tuesday that it has acquired three companies that own as many photovoltaic plants currently under construction…
- Romania preps auction scheme for large-scale solar, renewablesThe scheme is expected to be issued within 18 months. According to law firm Schoenherr Romania, there is a growing appetite for large-scale solar projects…
- 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…