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Romania Solar Photovoltaic (PV) Power Market Outlook 2022 - 2031

Romania Solar Photovoltaic (PV) Power Market Outlook 2022÷2031 - Single User

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This market report offers an incisive and reliable overview of the photovoltaic (solar PV) sector of the country for the period 2022 - 2031...

Update: August 2022
Format: 1 file(s) (PDF report) in English language and 1 file(s) in MS Excel with data from charts and tables
Author: Renewable Market WatchTM
Pages: 123
Report production №:
RMWIN349202294
Delivery:
Up to 24 hours by e-mail
Subscription: In the report price is included subscription for 1 year period with up to 4 quarterly updates

  • This market report offers an incisive and reliable overview of the photovoltaic sector of the country for the next long term period 2022 ÷ 2031. Romania is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12th largest country and also the 7th most populous member state of the European Union, having almost 20 million inhabitants. The current cumulative installed PV capacity grew up from 29 MW in 2012 to over 1370 MW in 2021. The number of green certificates was reduced in 2014, but the Romanian market has good chances to add more cumulative installed PV capacity in the next 2 years, especially under net metering and self-consumption commercial and residential installations.

    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 photovoltaic market will receive an overview of how the COVID-19 (Coronavirus) recovery and recent intention of the EU Commission to reduce by two-thirds this year gas import from Russia will impact it. With comprehensive market data, this report brings clear and concise insights, to help investors in their decision-making process. As 2020 and 2021 were challenging years for the photovoltaic industry, the time for making the right decisions during 2022 and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer the opportunity for orders with customized report content. Reasons to buy this market report are, but are not limited to:

    • Overview of the Romanian political and economic environment
    • Solar resource potential in Romania
    • Financial Model and Analysis of 50 MW Photovoltaic (Solar PV) Power Plant investment in Romania (IRR, WACC, Payback, NPV, Cash Flow, etc.)
    • Over 55 charts, tables and maps
    • Overview of Romanian photovoltaic market development 2011 ÷ 2031
    • Grid-connected photovoltaic installations
    • Future market trends and planned photovoltaic projects for 2022 ÷ 2031
    • Market prices of fully permitted and operational photovoltaic projects
    • Romanian legal and energy regulatory framework for renewable projects
    • Key companies and competitive landscape in the photovoltaic sector
    • Review of most relevant financing and supporting incentives
    • SWOT Analysis (detailed in 5 pages)

    On the 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 ++44 203 807 0079 or write an e-mail to orders@renewablemarketwatch.com

  • TABLE OF CONTENTS 3
    FOREWORD 8
    1 METHODOLOGY AND LIMITATIONS 9
    1.1 Research Methodology 9
    1.2 Forecast Software and Methodology 13
    1.2 Limitations 13
    2 EXECUTIVE SUMMARY 14
    2.1 Historical and Current Development Overview of Photovoltaic (Solar PV) Power Market in Romania 14
    2.2 Romania Solar Resource Potential 14
    2.3 Renewable Energy Sources (RES) Policies and Targets 15
    2.4 Key Stakeholders Affecting Photovoltaic (Solar PV) Power Market Development in Romania 15
    2.5 Market Drivers and Constraints 15
    2.6 Recent and Pending Changes in Renewable Energy Law in Romania 16
    2.7 Market Forecast Summary 16
    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 21
    3.4 Taxes 24
    3.4.1 VAT 25
    3.4.2 Income and Corporate Taxes 25
    3.4.3 Exemption of excise duty 26
    4 CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) POWER MARKET 27
    4.1 General Electricity Market information 27
    4.2 Photovoltaics (Solar PV) in Energy Sector 33
    4.3 Single Electricity Market 36
    5 CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) PHOTOVOLTAIC (SOLAR PV) POWER MARKET 39
    5.1 Market Overview 39
    5.2 Cumulative Installed Photovoltaic (Solar PV) Capacity and Revenue 40
    5.3 Annual Installed Photovoltaic (Solar PV) Capacity 42
    5.4 Future Development Trends 42
    6 ROMANIA POWER MARKET 44
    6.1 Electricity Transmission and Distribution 44
    6.2 Electricity Consumption and Generation 46
    6.3 Electricity Imports and Exports 50
    6.4 Electricity Prices for Business and Households 51
    6.5 Renewable Energy Sources (RES) Targets 52
    7 ROMANIA PHOTOVOLTAIC (SOLAR PV) POWER MARKET 54
    7.1 Why Invest in Photovoltaic (Solar PV) Power in Romania? 54
    7.2 Romania Solar Resource Potential 55
    7.3 Licensing Period Duration 56
    7.4 Regional Substation Capacities for Solar PV Power Projects in Romania 57
    7.5 Overview of Photovoltaic (Solar PV) Power Market in Romania 58
    7.6 Market Structure Analysis 59
    7.7 Investment Trends and Development Roadmap 60
    7.8 Competitive Environment in Photovoltaic (Solar PV) Power Market 61
    7.9 Profiles of Key Players and Investors in Photovoltaic (Solar PV) Power Market 62
    7.10 Cumulative Installed Photovoltaic (Solar PV) Capacity and Revenue 64
    7.11 Annual Installed Photovoltaic (Solar PV) Capacity 66
    7.12 Market Prices for Photovoltaic (Solar PV) Power Projects in Romania in Development, Ready to Build and Operational (Grid Connected) Condition 66
    7.13 Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in Romania 67
    7.14 Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power in Romania 68
    7.15 Key Photovoltaic (Solar PV) Power Projects in Romania Under Development 69
    7.16 Mergers and Acquisitions 72
    8 DRIVERS AND CONSTRAINTS OF PHOTOVOLTAIC (SOLAR PV) MARKET IN ROMANIA. SWOT ANALYSIS 73
    8.1 Market Drivers 73
    8.2 Market Drivers Explained 73
    8.3 Market Constraints 74
    8.4 Market Constraints Explained 74
    8.5 SWOT Analysis 75
    9 FINANCIAL ANALYSIS OF PHOTOVOLTAIC (SOLAR PV) MARKET IN ROMANIA 79
    9.1 Financing Options of Photovoltaic (Solar PV) Power Projects in Romania 79
    9.2 Financial Model and Analysis of 50 MW Photovoltaic (Solar PV) Power Plant investment in Romania (IRR, WACC, Payback, NPV, Cash Flow, ETC.) 84
    10 TECHNOLOGY ANALYSIS 89
    10.1 Photovoltaic (Solar PV) Technology Overview 89
    10.2 Technology Trends 90
    11 EUROPEAN RENEWABLE ENERGY POLICY LANDSCAPE 92
    11.1 RES Regulations and EU Directives 92
    11.1.1 Precedent EU regulations 92
    11.1.2 Most recent EU renewable energy policy developments 93
    12 ROMANIA RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK 94
    12.1 Main Laws and Regulations 94
    12.2 Support Schemes 95
    12.3 Green Certificates Trading 95
    12.4 Changes in Renewable Energy Law in Romania in 2020 96
    12.5 Auction (Tender) Procedure for Photovoltaic (Solar PV) Power Plants in Romania 99
    12.6 Zoning, Planning and Construction Related Authorizations 100
    12.7 Environmental Related Authorizations 100
    12.7.1 Natura 2000 Network 101
    12.7.2 Clean Development Mechanism (CDM) and Joint Implementation (JI) 102
    12.8 Energy Law Authorizations 102
    12.8.1 Power Generation Licensing and Unlicensed Power Generation Below 1 MW 102
    12.8.2 Grid Interconnection 103
    12.8.3 Feed-in Tariff (FIT) 105
    12.8.4 Power Off-Take for Green Certificates 106
    12.8.5 Power Off-Take under Auction (Tender) Scheme 107
    12.8.6 Registers for Green Certificates (Guarantees of Origin) 107
    12.9 Future Market Pricing Mechanisms 108
    13 KEY STAKEHOLDERS AFFECTING PHOTOVOLTAIC (SOLAR PV) POWER MARKET DEVELOPMENT IN ROMANIA 109
    13.1 Government Stakeholders 109
    13.2 Non-Government Stakeholders 113
    13.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s) 114
    14 CONCLUSIONS AND RECOMMENDATIONS 122
    15 LIST OF ABBREVIATIONS 124
    16 REFERENCES 126
    17 DISCLAIMER 128
    APPENDIX I. SOLAR RESOURCE MAPS OF EUROPE AND ROMANIA 129

  • Map 1: Where is Romania on the European Map 17
    Map 2: Romania Road Network 18
    Map 3: Romania Administrative Regions Map 20
    Map 4: Romania Electricity Grids Network 45
    Map 5: Solar Irradiation and Solar Electricity Potential for Optimally Inclined Photovoltaic Modules in Romania 55
    MAP 7: Romania Natura 2000 Areas Map 101
    MAP 8: Solar Irradiation and Solar Electricity Potential for Horizontally Mounted Photovoltaic Modules in Romania 129
    Map 9: Solar Irradiation and Solar Electricity Potential for Horizontally Mounted Photovoltaic Modules in Romania 130
    Map 10: Solar Irradiation and Solar Electricity Potential for Optimally Inclined Photovoltaic Modules in Europe 131

    Chart 1: Romania Real GDP Growth for the Period 2011 ÷ 2031 in % (including forecast) 22
    Chart 2: Romania GDP Growth Compared to EU-27 for the Period 2011 ÷ 2031 in % (including forecast) 23
    Chart 3: Corporate Tax Income in Selected Central-East Europe (CEE) and South-East Europe (SEE) Countries 25
    Chart 4: Physical Energy Flows Values in GW in Central-East Europe (CEE) and South-East Europe (SEE) in 2021 28
    Chart 5: Breakdown of Electricity Production by Source Type in the EU-28 in 2021 (in %) 30
    Chart 6: Average Base Load Electricity Price in Selected European Countries (€/MWh): 2012 – 2022; Renewable Market WatchTM 31
    Chart 7: Forecast for RES Generation Capacity by Source Type in the EU to 2030 (in GW) 32
    Chart 8: New Installed and Decommissioned Power Capacity by Source Type in the EU in 2021 (MW) 33
    Chart 9: Age of Power Plants in Europe in 2021 34
    Chart 10: Share of New Power Generation Capacities Added in the EU 27 in 2021 (MW) 35
    Chart 11: Annual Installed Power Generating Capacity (MW) and Renewable Share (in %) 2011 – 2021 in the EU 36
    Chart 12: Number of Filled Patents for Solar PV Technologies in CEE & SEE Countries 2011 – 2021, EPO PATSTAT 39
    Chart 13: Cumulative Installed Capacity of Photovoltaic (Solar PV) Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2011 ÷ 2031, including forecast 40
    Chart 14: Cumulative Revenue of Photovoltaic (Solar PV) Power Plants (in Millions USD) in Central-East Europe (CEE) and South-East Europe (SEE) 2011 ÷ 2031, including forecast 41
    Chart 15: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2011 ÷ 2031, including forecast 42
    Chart 16: Romania Power Market Structure 44
    Chart 17: Share of RES electricity from Total Installed Power Capacity in Romania in 2021 47
    Chart 18: Romania Total Annual Electricity Consumption (in TWh) 2011 ÷ 2021 48
    Chart 19: Romania Power Generation Capacity Breakdown by Source (Fuel) Type in 2021 49
    Chart 20: Electricity Imports and Exports in Romania 2011 ÷ 2031 (in million kWh) including forecast 51
    Chart 21: Romania Targets for Renewable Energy Sources by 2030 (in %) set by National Renewable Energy Action Plan (NREAP) 53
    Chart 22: Chart: Number of Filled Patents for Solar PV Technologies in Romania 2011 – 2021, EPO PATSTAT 61
    Chart 23: Cumulative Installed Capacity of Photovoltaic (Solar PV) Power Plants in Romania (in MW) 2011 ÷ 2031, including forecast 64
    Chart 24: Cumulative Revenue of Photovoltaic (Solar PV) Power Plants in Romania (in Millions EUR) 2011 ÷ 2031, including forecast 65
    Chart 25: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants in Romania (in MW) 2011 ÷ 2031, including forecast 66
    Chart 26: Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power and Other Renewable Technologies in Romania by 2030 (in €) 68
    Chart 27: Romanian SEFF Structure 80
    Chart 28: Cumulative Cash Flows and Break-Even Point of 50 MW Photovoltaic (Solar PV) Power Plant Investment in Romania 87
    Chart 29: Photovoltaic (Solar PV) System Price Evolution (€/Wp) 2001 ÷ 2021 90
    Chart 30: Market Shares by Sales of the Distribution System Operators (DSOs) in Romania in 2021 114

    Table 1: Electricity Prices for Business and Households 52
    Table 2: Support Schemes for RES Generation in the EU Countries and Romania 54
    Table 3: Market Prices for Photovoltaic (Solar PV) Projects in Romania for 2012 – 2031 in Development, Ready to Build and Operational (Grid Connected) Condition (2022 Update) 67
    Table 4: Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in Romania in 2022 68
    Table 5: Database with Major Operational, Under Construction and Planned Photovoltaic (Solar PV) Projects in Romania 70
    Table 6: Key Financial Parameters of 50 MW Photovoltaic (Solar PV) Power Plant Investment in Romania 85
    Table 7: Key Financial Viability Indicators of 50 MW Photovoltaic (Solar PV) Power Plant Investment in Romania (IRR, NPV, Payback, Benefit-Cost) 85
    Table 8: Project Costs and Savings (Income) Summary of 50 MW Photovoltaic (Solar PV) Power Plant Investment in Romania 86
    Table 9: Yearly Cash Flows of 50 MW Photovoltaic (Solar PV) Power Plant Investment in Romania (Pre-tax, After-tax, Cumulative) 87
    Table 10: Crystalline Module Price Trend in 2022 91

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