/LONDON, July 10, 2025, 9:00 BST, RENEWABLE MARKET WATCH™/ This market report offers an incisive and reliable overview of the country’s solar photovoltaic sector for the next long-term period, 2025 ÷ 2034. Romania is 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 the 7th most populous member state of the European Union, having almost 20 million inhabitants. According to the latest market data, the Romanian solar PV market added almost 2 GW of newly installed capacity in 2024, achieving a remarkable 59% increase compared to 2023. The cumulative installed PV capacity grew from 29 MW in 2012 to over 5,300 MW (5.3 GW) in 2024. Following positive legal and regulatory changes from 2020 to 2023, the Romanian market has a good chance of adding significantly more new solar PV capacity in the next few years.
The energy sector is essential in Romania’s economy and security policy. At present, we are witnessing a shift from the traditional pillars of the energy sector, such as coal-fired power plants, which were the main producer of electricity and onshore fields being the only provider of oil and gas, to an energy sector where hydro and other renewable energies provide the largest share of electricity and where Romania’s oil and gas deposits could register a threefold increase as a result of the new oil and gas deposits discovered in the Black Sea basin.
On 1 June 2025, Order 20/2025, which amends and supplements orders by the Romanian Regulatory Authority (ANRE) regarding grid connection regulations, took effect after being approved on 27 May. With these changes, project developers must manage new technical, financial, and procedural requirements aimed at reducing speculative developers while prioritising mature projects from legitimate and real investors.
Taking into account the approximately 3% per year growth of energy demand, Romania will need total investments in the energy sector between EUR 17 and 28 billion for the period 2025-2034, most of which, according to the government plans, shall be met by increases in nuclear, renewable and large hydro capacity.
Romania’s electricity mix is one of the most balanced in the European Union, with coal, hydropower, natural gas, nuclear energy, and wind power having comparable shares of capacity and power generation. Except for wind and solar, almost all units in the systems are fairly old.
None of the coal power plants in Romania are fully compliant with the Industrial Emissions Directive, most of the power plants benefit from derogations for SO2, NOx and/or PM. Some operate without an environmental (IPPC) permit, and some hard coal units have emissions 10-15 times more than the allowed threshold for SOx. The average age of coal, gas, hydro, and nuclear units which are larger than 50MW is 43 years.
Romania has one of the lowest rates of emissions per capita in the European Union, revealed the country’s President, Klaus Iohannis, at the UN Climate Change Conference COP26 held in Glasgow in 2021. Romania has reduced greenhouse gas (GHG) emissions by 64 per cent and CO2 emissions per unit of GDP by 77 per cent for the last 30 years. This percentage reduction is more than double the global average. Forty per cent of electricity in Romania comes from renewable sources, but the country is committed to expanding its share.
More than 425,000 prosumers under the net metering and solar rebate support schemes are expected in Romania by 2034. The pipeline of solar PV projects under permitting development is over 31,740 MW (31.74 GW) at the beginning of 2025.
The Ministry of Energy of Romania announced in April 2025 the launch of the second auction under the State Aid Scheme in the form of Contracts for Difference (CfD) to support the production of electricity from renewable sources – onshore wind energy and solar photovoltaic energy. Within this auction, a total capacity of 3,472 MW will be made available to investors, distributed as follows:
The maximum ceiling prices are set at 80 euros/MWh for wind energy and 73 euros/MWh for solar energy, reflecting the objective of attracting competitive offers under transparent and efficient conditions. This second round follows the success of the first auction, organised last year, for which financing contracts have already been signed, for approximately 1,000 MW (1 GW) of wind farms and 500 MW (0.5 GW) of photovoltaic panels.
Romania launched its first auction of renewable energy projects under a contract-for-difference (CfD) scheme approved in 2024 by the European Commission (EC). The CfD scheme started with two auctions. The first, started on 18 November 2024, was planned to allocate 1.5 GW of capacity (1 GW for onshore wind power and 0.5 GW for solar power). In December 2024, the Ministry of Energy of Romania revealed that the first round of auctions resulted in ten winning bids for wind projects and eleven bids for solar photovoltaic projects. The achieved weighted average of accepted wind power prices was EUR 65/MWh and EUR 51/MWh for solar photovoltaic.After that, in 2025, the second auction will allocate up to 3 GW (1.5 GW for onshore wind power and 1.5 GW for solar energy).
The CfD mechanism, a key feature of these auctions, offers a stable and secure financial environment for project beneficiaries. It guarantees a fixed electricity price for 15 years, protecting them from market fluctuations. In the event that electricity rates fall below the agreed threshold, recipients are compensated, while any surplus above the threshold is returned to the Romanian authorities, ensuring a balanced and fair system.
The report provides a complete picture of the market situation, dynamics, current issues and prospects. You will find more than 120 pages of valuable information in this unique, in-depth analysis of the Romanian photovoltaic market and will receive an overview of how the military conflict in Ukraine will impact it. This report brings clear and concise insights to help investors in their decision-making process with comprehensive market data. As 2023 and 2024 were challenging years for the photovoltaic industry, the time for making the right decisions during 2025 and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer an opportunity for orders with customized report content.
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The more information about the solar power market in Romania, including full contact details of solar project owners and developers, you may read here: Romania Solar Photovoltaic (PV) Power Market Outlook 2025÷2034
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