Renewables

Prosumers in Romania have installed capacity larger than Cernavodă nuclear power plant

romania prosumers record cernavoda

Photo: NxTide from Pixabay

Published

January 2, 2024

Country

Comments

0

Share

Published:

January 2, 2024

Country:

Comments:

0

Share

The number of prosumers in Romania hit 100,000 in November while total installed capacity at the end of December is estimated at 1,400 MW. The solar boom that started in 2020 isn’t slowing down.

Last year Romania installed a record 1 GW of new solar capacity, which represents a 308% surge. In 2023, the cumulative level in the country – the distributed and utility-scale segments combined – reached 2.85 GW. It generated 2.5 TWh or about 5% of the total electricity output, according to Economica.

At the end of 2021, prosumers’ installations accounted for 85 MW. A year ago the capacity reached 417 MW. SolarPower Europe said that it grew to 1,164 MW by the end of November.

At the end of 2019 only 303 households, firms, and institutions were prosumers

Officials from transmission system operator Transelectrica and Romanian Energy Regulatory Authority – ANRE estimated that the total capacity of prosumers’ installations climbed to 1,400 MW by the last day of December 2023.

The capacity of solar panels owned by citizens and firms is often compared to the capacity of the country’s sole nuclear power plant Cernavodă, which has 1,300 MW. However, total production cannot be compared.

Still, there is no doubt that the number of prosumers reached 100,000, the news outlet reported.

Of note, ANRE said the number of prosumers in the country tripled in 2022 to more than 40,000. At the end of 2019 only 303 households, firms, and institutions had such a status.

What 2024 brings for prosumers

It is clear the solar boom will go on, the article adds, outlining the factors that could speed up or slow the pace of installing photovoltaic panels in Romania in 2024.

Among the incentives are the continuation of the Casa Verde Fotovoltaice 2023 program with subsidies for 80,000 applicants, the RePowerEU program with grants worth EUR 1.1 billion, the motivation among businesses to use solar panels to lower costs and achieve good environmental, social and governance (ESG) score, which is important to obtain financing, and the electrification of transport.

The factors that could slow the trend include the increase of the value-added tax for photovoltaic panels to 9% from 5%, capped electricity prices and the possibility that administrative limitations restrain explosive growth of prosumers.

Of note, according to the results of a survey published in October, more than half of the population of Romania (52.2%) intended to install photovoltaic systems within two years.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Germany spearheads wind power development Europe 2023

Germany spearheads wind power development in Europe in 2023

28 February 2024 - Germany is spearheading wind power expansion in Europe, while Greece and Turkey have the strongest performances in the Balkans

Albania production battery energy storage systems

Project launched in Albania for production of battery energy storage systems

27 February 2024 - Vega Solar agreed with an unnamed Indian company to build the first lithium ion battery factory in Albania

Kosovo power utility KEK replaces acting CEO

Kosovo* power utility KEK replaces acting CEO

27 February 2024 - KEK) appointed Bekir Gërguri as acting chief executive officer and Ramadan Budakova as his deputy, also in an acting capacity

Greece, Bulgaria offer best returns on battery investments in Europe

Greece, Bulgaria offer best returns on battery investments in Europe

27 February 2024 - Investments in battery storage offer the opportunity for profitable energy arbitrage, according to Rystad Energy