Romanian Electricity Market Overview
1. Second largest economy in CEE with increasing foreign direct investments and solid growth prospects
1. Second largest economy in CEE with increasing foreign direct investments and solid growth prospects
The EU Structural Funds for 2021-2030 focusing on renewable energy development:
▷ €12 billion EU funds for modernization of the Romania National Energy System for 2022 2030
▷ €1,6 billion EU funds for National Recovery and Resilience Plan for 2022 2030
▷ finance up to 70%
Total installed Solar capacity in Romania has been at a flat level since 2014 when the RES support scheme was amended by the Romanian Government
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The National Integrated Climate Change – Energy Plan (PNIESC 2021-2030), establishes the need for new E-RES production capacities to be installed in wind farms in Romania (page 54):
• New Solar power installed by 2025: 2031 MW.
• New Solar power installed by 2030: 3692 MW.
The Government of Romania approved PNIESC2021-2030 through Decision 1076 from the 4th of October 2021.
The European Commission has announced that 38% of Romania's energy consumption must be from renewable sources by 2030
Our vision is based on a permanent challenge to build solid, sustainable partnerships based on trust, professionalism and confidentiality to capitalize on opportunities, increase efficiency and raise the bar in terms of project
Laura Ciuhu / CEO