With an area of 238,391 km2, Romania is the twelfth-largest country in Europe. Located in Southeastern Europe, bordering on the Black Sea, the country is halfway between the equator and the North Pole and equidistant from the westernmost part of Europe—the Atlantic Coast—and the most easterly—the Ural Mountains. Romania has 3,195 kilometers of border. Republic of Moldova and Ukraine lies to the east, Bulgaria lies to the south, and Serbia and Hungary to the west. In the southeast, 245 kilometers of sea coastline.
The population of Romania was 19.71 million and the current gross domestic product (GDP) was $186.69 billion as of 2016. Romania solar photovoltaic (PV) power market value, which was USD - billion in 2016, is expected to grow to USD - billion in 2017, at a CAGR of - percent. Regarding the solar radiation, Romania is placed in the European zone in category “B”. In South of Romania the yearly solar radiation is 1,450 ÷ 1,750 kWh/m2, being the best value for solar installations. The greater values than 1,450 kWh/m2 are in Oltenia, Muntenia and South of Moldova. Zone of 1,300 ÷ 1,450 kWh/m2 are in regions of Carpathians and Muntenia, all part of Transylvania the middle part and North of Moldova and all part of Banat. In regions with mountains solar radiation value is between 1,150 ÷ 1,300 kWh/m2.
The RES Support Scheme is a green certificate (“GCs”) support system un¬der which eligible producers of electricity from renewable energy sources (“RES-Electricity Producers”) receive a specific number of GCs, depending on the technology used, for each MW produced and delivered to the grid together with an obligation imposed on the electricity suppliers and certain producers to purchase a mandatory quota of GCs. GCs can be traded on a GC centralised market administrated by OPCOM, separately from RES-Electricity.
The country’s main strategy to meet the growing need of power is to reduce the energy dependency by increasing the energy efficiency, increased use of renewable resources, nuclear sources, and connecting to the European power infrastructure.
- Snapshot of the country’s renewable and solar photovoltaic (PV) power sector across parameters – country overview, current power and solar photovoltaic (PV) power market status, electricity market structure, key issues, future plans and strategies to meet increasing power demand, and way forward.
- Statistics for cumulative and annual installed solar photovoltaic (PV) power generation capacity of from 2012 to 2017.
- Statistics for cumulative and annual revenue of solar photovoltaic (PV) power plants from 2012 to 2017.
- Break-up by power generation technology, including thermal, hydro, renewable (incl. solar PV) and nuclear
- Data on key issues witnessed in the Romanian solar photovoltaic (PV) sector.
- Information on future plans and strategies to meet increasing power demand.
Reasons to buy:
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s solar photovoltaic (PV) power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development opportunities