Despite having made significant steps towards an accelerated development of its energy market, Romania still has a long road ahead, especially when it comes to establishing a more predictable legal framework, according to an analysis on the Business Review’s portal.
Legislation has been harmonised with the European Union’s framework in the field. Some of the most significant privatisation processes in this sector have been carried out, including electricity. According to the SEE Energy Handbook 2014 issued by NNDKP, the energy market has been, and continues to be, one of the most attractive sectors for investors, the article said.
While in the sector of renewables the investors have earlier focused mainly on wind, there has been a move towards solar projects, the analysis adds. For example, the solar portfolio added 350 MW last year, reaching 1,22 GW in total, while solar energy accounted for about 1.5% of the total power delivered. „The projects that have been developed so far in Romania consist mainly of generating units for retail and trading purposes. By contrast with other European countries, few companies or households in Romania have decided to install solar panels in order to cover their own consumption,” says Andra Ioan, senior project manager at Roland Berger Bucharest office, quoted by Business-review.eu.
The green certificate market is collapsing due to a major reduction in the annual mandatory quota of electricity produced from renewable energy versus the values set out in law: 11.1% compared to 15% in 2014 and 11.9% compared to 16% in 2015, the article said.