Romania Wind Power Market Outlook 2020÷2030 by Renewable Market Watch with Trends, Forecasts, Investments, Opportunities, Analysis, COVID-19 Impact
/LONDON, October 16, 2020, 13:00 BST, Renewable Market Watch™/
This market report offers an incisive and reliable overview of the country's wind energy sector for the next long term period 2020 ÷ 2030 reported the Renewable Market Watch™. Romania is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12th largest country and the 7th most populous member state of the European Union, having almost 20 million inhabitants. The country had cumulative wind power installed capacity of 14 MW at the end of 2009. Following explosive growth only for four years between 2010 and 2014 cumulative installed capacity exceeded 2,844MW (2.84GW) by the end of 2014. Romania’s potential in wind energy is considered to be the highest in South-Eastern Europe. The Moldova and Dobrogea provinces (in the southeast of the country, near the Black Sea) were considered the most appropriate areas for wind farm developments. The southeast of Dobrogea was ranked second in terms of potential in Europe according to specialized studies. Romanian wind potential is estimated at around 14,000 MW (14 GW) installed capacity, generating about 23 TWh. per year.
The energy sector has an important role in Romania’s economy and security policy. At present, we are witnessing a shift from the traditional pillars of the energy sector such as coal-fired power plants, which were the main producer of electricity and onshore fields being the only provider of oil and gas, to an energy sector where hydro and other renewable energies provide the largest share of electricity and where Romania’s oil and gas deposits could register a threefold increase as a result of the new oil and gas deposits discovered in the Black Sea basin.
The power sector in Romania is almost equally divided between renewable and non-renewable energy producers. Electricity in Romania is primarily generated from thermal power plants (coal, natural gas, and oil), with the balance of production from hydroelectric facilities and a nuclear power plant. Taking into account the approximately 3% per year growth of energy demand Romania will need total investments in the energy sector between EUR 15 and 30 billion for the period 2019-2030, most of which according to the government plans shall be met by increases in nuclear, renewable and large hydro capacity.
For 2019 Romania traditionally had the third lowest energy dependency rate (23.1 %) in the EU, due to natural gas and oil reserves and to an oversized electricity production system; in the last several months, because of drought that affected the hydropower generation, the country has shifted from electricity exporter to net importer. Romania’s electricity mix is one of the most balanced in the European Union, with coal, hydropower, natural gas, nuclear energy, and wind power having comparable shares of capacity and power generation. Except for wind and solar, almost all units in the systems are fairly old.
None of the coal power plants in Romania is fully compliant with the Industrial Emissions Directive, most of the power plants benefit from derogations for SO2, NOx and/or PM. This will, however, expire in June 2020. Some are operating without an environmental (IPPC) permit and some of the hard coal units have emissions 10-15 times more than the allowed threshold for SOx. The average age of coal, gas, hydro, and nuclear units, which are larger than 50MW is 39 years: i) 40 years for coal, ii) 47 years for gas (some units previously running on coal), iii) 31 years for hydro and iv) 18.5 years for nuclear.
Despite the reduction of the number of green certificates from the beginning of 2014, the Romanian wind power market reached more than 3,000 MW cumulative installed wind capacity at the end of 2019. The report provides a complete picture of the market situation, dynamics, current issues and prospects. You will find more than 120 pages of valuable information in this unique, in-depth analysis of the Romanian wind power market will receive an overview of how the COVID-19 (Coronavirus) will impact it. This report brings clear and concise insights to help investors in their decision-making process with comprehensive market data. As 2018 and 2019 were challenging years for the wind energy industry, the time for making the right decisions during 2020, and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer an opportunity for orders with customized report content.
Reasons to buy this market report are, but are not limited to:
- Overview of the Romanian political and economic environment
- Wind resource potential in Romania
- Financial Model and Analysis of 50 MW Wind Power Plant investment in Romania (IRR, WACC, Payback, NPV, Cash Flow, etc.)
- Over 55 charts, tables and maps
- Overview of Romanian wind power market development 2010 ÷ 2030
- Grid-connected wind farms
- Future market trends and planned wind power projects for 2020 ÷ 2030
- Market prices of fully permitted and operational wind farm projects
- Romanian legal and energy regulatory framework for renewable projects
- Key companies and competitive landscape in the wind energy sector
- Review of most relevant financing and supporting incentives
- SWOT Analysis (detailed in 5 pages)
The more information about the wind power market in Romania, including full contact details of wind power project owners and developers you may read here: Romania Wind Power Market Outlook 2020÷2030
Тo download the executive summary brochure with sample pages, please access from here: Romania Wind Power Market Outlook 2020÷2030 - Sample
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About Renewable Market Watch™
Renewable Market Watch™ is delivering strategic insight into emerging renewable energy markets through its experienced research team and cutting edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets of the Asia Countries, Balkan countries, Central and Eastern Europe, CIS states (former the Soviet Union), LATAM countries and MENA countries. For more information about Renewable Market Watch™ please visit:
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