News

Market moves more towards solar power

Published

November 16, 2015

Comments

0

Share

Published:

November 16, 2015

Comments:

0

Share

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.

Related Articles

net-loss-eps-q1

Serbia’s power utility EPS posts Q1 net loss of EUR 254 million

30 June 2022 - The state-owned power utility is blaming the poor result on a drop in output, electricity imports, and capped prices for end-consumers

two-wind-farms-axpo-romania

Switzerland’s Axpo to build two wind farms in Romania

30 June 2022 - The construction of the two wind farms, with a combined capacity of 250 MW, is expected to begin at the end of 2023

renewables

Greece passes renewables law targeting 15 GW in new capacity by 2030

30 June 2022 - Greece adopted a new law on renewables licensing, which includes various measures related to the energy crisis

EU agrees fossil fuel car ban as climate package talks are starting

EU agrees fossil fuel car ban as climate package talks are starting

29 June 2022 - The Council of the EU and European Parliament are set for talks on the Fit-for-55 package. Both agree new combustion engines should be banned by 2035.