New Solar Photovoltaic (PV) Projects in Romania by Renewable Market Watch
/17th May 2020, by 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 also the 7th most populous member state of the European Union, having almost 20 million inhabitants, reported the Renewable Market Watch™
After stalling for a long while, there is an activity registered by Renewable Market Watch™ on the Romanian solar PV market despite the recently started COVID-19 pandemic.
Dedeman, a company founded by the brothers Dragoș and Adrian Pavăl, announced in April 2020 that it is installing photovoltaic power plants on the roofs of 28 stores in the network, the value of the investment exceeding EUR 4M. The electricity produced through them will be intended exclusively for self-consumption, and the period of use will be at least 25 years, according to Forbes. The total installed power in the 28 locations will be over 7MWp and will provide approximately 30% of the annual electricity consumption needed to carry out the activity of the stores.
OMV Petrom, the largest energy company in Southeastern Europe, announced this week that installed solar photovoltaic panels over the rooftop structures of 33 OMV branded fuel filling stations and 7 Petrom-branded fuel filling stations so that they can be supplied with renewable energy and reduce the consumption of conventional energy. By installing solar photovoltaic panels, more than 10% of the electricity needs of the fuel filling stations shall be supplied from solar energy. The investment in this project amounts to EUR 1.3M. Owing to the energy produced by the solar photovoltaic panels, each filling station will contribute to the reduction of the carbon footprint by 8.3 tons of carbon dioxide emissions each year.
The Romanian solar energy market is expected to be heading toward the expansion phase by 2030. Factors propelling the market growth include concerns regarding the environmental impacts of fossil fuels such as degradation, greenhouse gas emissions (GHG), severe climate change conditions, and others. Also, rapid urbanization and economic growth in the largest Romanian cities are significant factors driving the solar energy market. The power market (including the solar photovoltaic sector) in Romania shall be impacted by the COVID-19 post-financial crisis, but we remain optimistic about the future development of solar energy in the country by 2030.
The more information about solar PV power and wind power market in Romania, including full contact details of solar and wind power project owners and developers you may read here: Romania Solar Photovoltaic (PV) and Wind Power Market Outlooks 2020÷2030
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