/31th March 2013, RENEWABLE MARKET WATCHTM/
Romania is the regional leader amongst CEE countries and one of the most promising emerging markets for wind energy investments in Europe according to Romania Wind Market: Outlook 2013 – 2018. Romania will need an additional 20 GW electricity generation capacity by 2035 to meet the increasing electricity demand, de-carbonize its electricity sector, and replace ageing power generation facilities.
Romania’s primary objective is to ensure compliance with the mandatory renewable energy target of Directive 2009/28/EC on the promotion of the use of energy from renewable sources by 2020. The country made crucial steps to reach renewable energy targets for 2020 set by its government in 2007. At the national level the Romanian energy strategy for the period of 2007-2020, as approved by the Government Decision № 1069/2007 establishes national targets concerning the shares of electricity generated from renewable energy sources in the final consumption of electricity renewable energy generation.
With the introduction of support mechanisms in the law in 2008 and the subsequent amendments in 2010, 2011 and 2012, Romanian photovoltaic energy market will grow in next years according to Romania Wind Market: Outlook 2013 – 2018. The country has a cumulative installed wind power capacity of 1,905 MW at the end of 2012.
Currently, Romania gives two green certificates per MWh for electricity produced from wind power plants till 01.01.2015. For the period 2008-2025, a green certificate may be traded within a minimum value for 2012 of € 27/MWh and a maximum value of € 55/MWh. These values are adjusted yearly by energy regulator ANRE according to the average annual inflation index, calculated by Eurostat. According to the recent overcompensation report published at the end of March 2013 by ANRE, the number of green certificates per MWh for electricity produced from wind power plants from 01.01.2015 will be reduced from 2 to 1.5.
A new draft Emergency Government Ordinance (EGO) for the amendment of Law 220/2008 is expected to published on 2 April 2013. This draft proposes granting a certain number of GCs between to have differed for projects commissioned from 01.07.2013 – 31.12.2016 (1 GC/MWh for wind and hydro, 2GCs/MWh for solar PV). Such GCs shall be recovered on stages starting with 1 Jan 2017 for solar PV/hydro projects and 1 Jan 2018 for wind projects. These steps of Romanian government warns that emergent cut in support for photovoltaic projects should not be excluded.
Our forecast for Romanian Wind Market by the end of 2013 is positive. Attention should be put on the grid saturated areas in some regions of the country due to the rapid wind projects development and More information about this promising market, you may read here: Romania Wind Market: Outlook 2013 – 2018.
