Solar power currently contributes around 7% to annual electricity production in Romania. This represents an increase of 3 percent compared to the share in 2023. A small number, but a significant increase for the overall share—a 75 percent increase in just over 12 months. The country is not at all badly positioned when it comes to CO2-neutral electricity production. Fossil fuels and hydropower account for the lion’s share of electricity production, each accounting for around 31 percent. The remainder is split equally between wind power at around 13 percent and nuclear energy at around 20 percent. The remainder is biomass. This is according to studies by Eurostat, the Statistical Office of the European Union (Eurostat/ESTAT).
Romania is becoming an increasingly important market
R.Power’s Power Purchase Agreement is a supply agreement for the supply of CO₂-free electricity to a trading company. The agreement was concluded for 10 years, from 2026 to 2036, and covers the delivery of 357 GWh of green energy over the entire term. Rafał Hajduk, Chief Commercial Officer at R.Power and responsible for partner and business relations, explains: “Romania is becoming an increasingly important market for us, and this agreement provides a solid foundation for further sustainable growth in the region”.
Romania offers growth potential
R.Power has successfully concluded its first power purchase agreement in Romania. A good start and a “foot in the door” in a national market that, according to Eurostat figures, has seen a 75 percent growth in the share of solar power in national electricity generation in just over 12 months. Romania offers potential for PV expansion and deserves to be kept in focus as an interesting PV market of the future. (mg)
Continuous market monitoring
PV-europe continuously monitors the growth markets in Eastern Europe for you. We regularly conduct fascinating interviews with experts from industry, trade, and finance from the individual countries. Read along – stay informed.
Read here exclusive interviews with key voices shaping the PV market in Poland & Eastern Europe:
· Grzegorz Rabsztyn: “The EIB is playing a key role in supporting renewables and grid development”
· Caroline White of SegenSolar: “Poland is emerging as a key market”
· Harald Scherleitner, Fronius: „For 2024, we expect another 3.6 GW of installed power.“
· Bartosz Majewski of Menlo Electric: “We are navigating a turbulent market”
· Dariusz Borowiec of K2 Systems Poland: “The overall package makes the difference”
· Michal Marona of SolarEdge: „A market with lots of potential“
· Jan Stottko of SMA: “The most Polish inverter on the market”
· Barbara Michalowska: “Agri-PV products designed with durability and ease of installation”
· Tobias Schuessler of Goldbeck Solar Polska: “The demand for solar parks is rising”
· Patrik Danz of IBC Solar: “It’s a very exciting market”
· Ioannis Chatzichristofis: “a key prerequisite is the modernization of the Polish electricity grid”
· Ramon Li of Growatt: “Good prospects in a sustainably booming market”
· Andreas Zyber from Quantumsolarpv: quality of service pays off in a difficult market
· Piotr Pysniak of Greto Polska: “The market is beginning to stabilize”