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Romania Wind Power Market Outlook 2016 - 2025

Romania Wind Market: Outlook 2016÷2025 - Single User

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This market report offers an incisive and reliable overview of the wind energy sector of the country for the period 2016 ÷ 2025...

Update: June, 2017
Format: 1 file(s) (PDF report) in English language
Author: Renewable Market WatchTM
Pages: 124
Report production №: RMWIN349201795
Delivery:
24 - 48 hours by e-mail

  • This market report offers an incisive and reliable overview of the wind sector of the country for the next long term period 2016 ÷ 2025. In view of recent cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria and Italy, Romania represents a stable investment environment in South-East Europe with clear rules and green certificates support scheme. Current cumulative installed wind capacity in the country is growing fast and Romania is the best performer amongst SEE countries between 2012 and 2015.

    Despite of reduction of number of green certificates from the beginning of 2014 Romanian market reached more than 3,000 MW cumulative installed wind capacity. The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 120 pages of valuable information in this unique in-depth analysis of the Romanian wind market. With comprehensive market data this report brings clear and concise insights, to help investors in their decision making process. As 2015 and 2016 were challenging years for wind industry, the time for taking right decisions during 2017 and the next few years is limited. Fast changing market environment, requires relevant and accurate information. For your convenience we offer opportunity for orders with customized report content. Reasons to buy this market report are, but no 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 market development 1990 ÷ 2025
    • Grid connected wind installations
    • Future market trends and planned wind projects for 2016 ÷ 2025
    • Market prices of fully permitted and operational wind projects
    • Romanian legal and energy regulatory framework for renewable projects
    • Key companies and competitive landscape in wind sector
    • Review of most relevant financing and supporting incentives
    • SWOT Analysis (detailed in 5 pages)

    At next pages you will see the full table of content of this report. To order this report just click on the button "ADD TO CART". If you have any other questions please do not hesitate to call us on ++44 203 60 80 138 or write an e-mail to orders@renewablemarketwatch.com

  • TABLE OF CONTENTS    3
    FOREWORD    8
    1    METHODOLOGY AND LIMITATIONS    10
    1.1    Research Methodology    10
    1.2    Limitations    11
    2    EXECUTIVE SUMMARY    12
    2.1    Historical and Current Development Overview of Wind Power Market in Romania    12
    2.2    Romania Wind Resource Potential    12
    2.3    Key Stakeholders Affecting Wind Power Market Development in Romania    13
    2.4    Market Drivers and Constraints    14
    2.5    Recent and Pending Changes in Renewable Energy Law in Romania    14
    2.6    Market Forecast Summary    15
    3    ROMANIA POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS    17
    3.1    Basic Country Data    17
    3.2    Political Climate and Ruling Party    21
    3.3    GDP and Economic Growth    23
    3.4    Taxes    27
    3.4.1    VAT    27
    3.4.2    Income and Corporate Taxes    28
    4    CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) POWER MARKET    29
    4.1    General Electricity Market information    29
    4.2    Wind Power in Energy Sector    35
    4.3    Single Electricity Market    38
    5    CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) WIND POWER MARKET    41
    5.1    Market Overview    41
    5.2    Cumulative Installed Wind Capacity and Revenue    42
    5.3    Annual Installed Wind Capacity and Revenue    43
    5.4    Future Development Trends    44
    6    ROMANIA POWER MARKET    45
    6.1    Electricity Transmission and Distribution    45
    6.2    Electricity Consumption and Generation    47
    6.3    Electricity Imports and Exports    49
    6.4    Electricity Prices for Business and Households    51
    6.5    Renewable Energy Sources (RES) Targets    52
    7    ROMANIA WIND POWER MARKET    54
    7.1    Why Invest in Wind Power in Romania?    55
    7.2    Romania Wind Resource Potential    56
    7.3    Licensing Period Duration    57
    7.4    Regional Substation Capacities for Wind PV Power Projects in Romania    58
    7.5    Overview of Wind Power Market in Romania    58
    7.6    Market Structure Analysis    62
    7.7    Investment Trends and Development Roadmap    62
    7.8    Competitive Environment in Wind Power Market    63
    7.9    Profiles of Key Players and Investors in Wind Power Market    65
    7.10    Cumulative Installed Wind Capacity and Revenue    66
    7.11    Annual Installed Wind Capacity and Revenue    67
    7.12    Market Prices for Wind Power Projects in Romania in Development, Ready to Build and Operational (Grid Connected) Condition    68
    7.13    Key Cost Structure Elements of Wind Power Plant in Romania    69
    7.14    Levelized Cost of Energy (LCOE) for Wind Power in Romania    70
    7.15    Key Wind Power Projects in Romania Under Development    70
    7.16    Mergers and Acquisitions    75
    8    DRIVERS AND CONSTRAINTS OF WIND MARKET IN ROMANIA. SWOT ANALYSIS    76
    8.1    Market Drivers    77
    8.2    Market Drivers Explained    77
    8.3    Market Constraints    77
    8.4    Market Constraints Explained    77
    8.5    SWOT Analysis    77
    9    FINANCIAL ANALYSIS OF WIND MARKET IN ROMANIA    81
    9.1    Financing Options of Wind Power Projects in Romania    81
    9.2    Financial Model and Analysis of 50 MW Wind Power Plant investment in Romania (IRR, WACC, Payback, NPV, Cash Flow, etc.)    86
    10    TECHNOLOGY ANALYSIS    89
    10.1    Wind Power Technology Overview    89
    10.2    Technology Trends    90
    11    EUROPEAN RENEWABLE ENERGY POLICY LANDSCAPE    93
    11.1    RES Regulations and EU Directives    93
    11.1.1    Precedent EU regulations    93
    11.1.2    Most recent EU renewable energy policy developments    93
    12    ROMANIA RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK    95
    12.1    Main Laws and Regulations    95
    12.2    Support Schemes    96
    12.3    Green Certificates Trading    97
    12.4    Fulfilling of Annual Mandatory Quota for Green Certificates    98
    12.5    Recent and Pending Changes in Renewable Energy Law in Romania    98
    12.6    Zoning, Planning and Construction Related Authorizations    99
    12.6.1    Zoning Plans Procedure    99
    12.6.2    Building Permit (Construction License) Procedure    99
    12.7    Environmental Related Authorizations    100
    12.7.1    Natura 2000 Network    100
    12.7.2    Clean Development Mechanism (CDM) and Joint Implementation (JI)    101
    12.8    Energy Law Authorizations    102
    12.8.1    Power Generation Licensing    102
    12.8.2    Grid Interconnection    104
    12.8.3    Power Off-Take    104
    12.8.4    Green Certificates (Guarantees of Origin)    105
    12.9    Future Market Pricing Mechanisms    105
    13    KEY STAKEHOLDERS AFFECTING WIND POWER MARKET DEVELOPMENT IN ROMANIA    106
    13.1    Government Stakeholders    106
    13.2    Non-Government Stakeholders    107
    13.3    Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s)    108
    14    CONCLUSIONS AND RECOMMENDATIONS    116
    15    LIST OF ABBREVIATIONS    119
    16    REFERENCES    121
    17    DISCLAIMER    123
    APPENDIX I. WIND RESOURCE MAPS OF EUROPE AND ROMANIA    124

  • Map 1: Where is Romania on the World Map    17
    Map 2: Romania Road Network    18
    Map 3: Romania Administrative Regions Map    20
    MAP 4: Romania Historical Regions Map    21
    MAP 5: Romania Transmission Grid Network and Saturated Areas for Connection of Wind Power Plants, Transelectrica, Renewable Market Watch    46
    Map 6: Romania Electricity Grids Network, Transelectrica    47
    Map 7: Romania Wind Resource Map at 80 m., 3TIER Inc.     55
    Map 8: Wind Irradiation and Wind Electricity Potential for Optimally Inclined Photovoltaic Modules in Romania, JRC PVGIS 2008    57
    MAP 9: Romania Natura 2000 Areas Map    101
    Map 10: Districts Covered by Electrica S.A.    111
    Map 11: Districts Covered by E.ON    113
    Map 12: Districts Covered by ENEL    114
    Map 13: Global Mean Wind Speed at 80 m, 3TIER Inc.    124
    Map 14: European Wind Atlas, Risø DTU National Laboratory, Denmark    125
    Map 15: Unrestricted technical potential for onshore wind energy up to 2030, based on estimated 80 m. average wind speeds 2000 – 2005, EEA     126

    Chart 1: Romania Real GDP Growth for the Period 2000 ÷ 2025 (including forecast)    26
    Chart 2: Romania GDP Growth Compared to EU-27 for the Period 2000 ÷ 2025 (including forecast)    27
    Chart 3: Corporate Tax Income in Selected Central-East Europe (CEE) and South-East Europe (SEE) Countries     28
    Chart 4: Physical Energy Flows Values in GW in Central-East Europe (CEE) and South-East Europe (SEE) in 2016    30
    Chart 5: Share of Renewables in Electricity Generation in Selected Central-East Europe (CEE) and South-East Europe (SEE) Countries, 2016 (in %), EuroStat    32
    Chart 6: Average Base Load Electricity Price in Selected European Countries (EUR/MWh): 2008 - 2016    33
    Chart 7: Forecast for RES Generation Capacity by Source Type in the EU to 2020 and 2030 (in GW), ENTSO-E    34
    Chart 8: Net Power Generation Added Capacities in the EU 28 in 2016 (MW), WindEurope, SolarPower Europe    35
    Chart 9: Age of Power Plants in Europe in 2016; SolarPower Europe    36
    Chart 10: Share of New Power Generation Capacities Added in the EU 28 in 2016 (MW), WindEurope    37
    Chart 11: Installed Power Generating Capacity per Year (MW) and Renewable Share (in %) 2000 – 2016, WindEurope    37
    Chart 12: New Installed and Decommissioned Power Generation Capacity in the EU 27 for 2016 (GW), WindEurope    38
    Chart 13: Cumulative Installed Capacity of Wind Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2025, including forecast    42
    Chart 14: Cumulative Revenue of Wind Power Plants (in Millions USD) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2025, including forecast    43
    Chart 15: Annual Installed Capacity of Wind Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2025, including forecast    43
    Chart 16: Annual Revenue of Wind Power Plants (in Millions USD) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2025, including forecast    44
    Chart 17: Romania Power Market Structure    45
    Chart 18: Share of RES electricity from Total Installed Power Capacity in Romania in 2016    47
    Chart 19: Romania Total Annual Electricity Consumption (in TWh) 2000 ÷ 2016    48
    Chart 20: Romania Power Generation Capacity Breakdown by Source (Fuel) Type in 2016    49
    Chart 21: Electricity Imports and Exports in Romania 2000 ÷ 2025 (in TWh) including forecast    50
    Chart 22: Romania Targets for Renewable Energy Sources by 2020 (in %) set by National Renewable Energy Action Plan (NREAP)    53
    Chart 23: Cumulative Installed Capacity of Wind Power  Plants in Romania (in MW) 2000 ÷ 2025, including forecast     66
    Chart 24: Cumulative Revenue of Wind Power  Plants in Romania (in Millions USD) 2000 ÷ 2025, including forecast    67
    Chart 25: Annual Installed Capacity of Wind Power Plants in Romania (in MW) 2000 ÷ 2025, including forecast    68
    Chart 26: Annual Revenue of Wind Power Plants in Romania (in Millions USD) 2000 ÷ 2025, including forecast    68
    Chart 27: Levelized Cost of Energy (LCOE) for Wind Power in Romania    70
    Chart 28: RoSEFF Structure    82
    Chart 29: Cumulative Cash Flows and Break-Even Point of 50 MW Wind Power Plant Investment in Romania    88
    Chart 30: Wind Power System Price Evolution 1990 ÷ 2016    90
    Chart 31: Market Shares by Sales of the Distribution System Operators in Romania in 2016    108
    Chart 32: Districts Covered by CEZ    115

    Table 1: Electricity Prices for Business and Households    51
    Table 2: Support Schemes for RES Generation in the EU Countries and Romania    54
    Table 4: Market Prices for Wind Projects in Romania for 2016 ÷ 2025 in Development, Ready to Build and Operational (Grid Connected) Condition     69
    Table 5: Key Cost Structure Elements of Wind Power Plant in Romania    69
    Table 6: Database with Major Operational, Under Construction and Planned Wind Projects in Romania    72
    Table 7: Key Financial Parameters of 50 MW Wind Power Plant Investment in Romania    86
    Table 8: Key Financial Viability Indicators of 50 MW Wind Power Plant Investment in Romania (IRR, NPV, Payback, Benefit-Cost)    87
    Table 9: Project Costs and Savings (Income) Summary of 50 MW Wind Power Plant Investment in Romania    87
    Table 10: Yearly Cash Flows of 50 MW Wind Power Plant Investment in Romania (Pre-tax, After-tax, Cumulative)    88
    Table 11: Wind Turbine Prices in 2017    91
    Table 12: Green Certificates for Electricity from Renewable Energy Sources (RES) in Romania    105