Romania Power EPC Market: Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The Romanian Power EPC market is segmented by Power Generation (Thermal, Hydropower, Nuclear, and Renewables) and Power Transmission and Distribution. The report offers the market size and forecasts for electricity generation capacity (MW) and electricity consumption and production (TWh).

Romania Power EPC Market Size

Romania Power EPC Market Summary
Study Period: 2019-2027
CAGR: > 2.05 %

Major Players

Romania Power EPC Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Romania Power EPC Market Analysis

The Romanian power EPC market is expected to register a CAGR of 2.05% during the forecast period.

The Romanian power EPC market was negatively impacted by the COVID-19 pandemic due to regional lockdowns and decreased power demand. However, the market rebounded in 2022. Factors, such as the rising development of power generation infrastructure, spurred by increasing demand for electricity in the country, are expected to drive the market's growth. However, the lack of investment in the power industry due to unpredictable government policies, making it difficult for energy developers to draft long-term strategies and deter investment, is expected to restrain the growth of the market studied.

The Romanian government remains determined to slowly phase out coal-based thermal power plants to combat climate change and ensure the sustainability of the electricity sector by ramping up investments in nuclear and across the wind, solar, gas, and biomass as a critical part of its sustainable development strategy. This is expected to provide a great opportunity for the market in the near future.

Romania Power EPC Industry Segmentation

Power engineering, procurement, and construction (EPC) contracts are a form of contract used to undertake construction works by the private sector on large-scale and complex power infrastructure projects.  

The market is segmented by sector into power generation (thermal, hydropower, nuclear, and renewable) and transmission and distribution. The market sizing and forecasts have been done based on electricity generation capacity (MW) and electricity consumption and production (TWh).

By Power Generation

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Romania Power EPC Market Trends

This section covers the major market trends shaping the Romania Power EPC Market according to our research experts:

Hydropower to Dominate the Market

Romania, with many rivers, possesses a huge potential for hydropower generation. In 2021, the country had 603 hydropower plants with an installed capacity of 6,313 MW, and the share of electricity generation from hydropower stood at around 29%.

However, with an expected increase in the demand for electricity due to population increase and industrialization, numerous new projects are expected to come up, driving the market's growth during the forecast period.

In September 2022, Transelectrica considered constructing a 1,000 MW pumped hydro storage project. The Tarnita – Lapustesti project is expected to generate 1,625 GWh of electricity and reach a value of USD 1,127.78 million. The project construction is expected to commence in 2025 and enter into commercial operation in 2029. Thus, with the upcoming new projects, the hydropower generation segment is expected to dominate the market studied.

Romania Power EPC Market - Electricity Generation, by source, in % Romania, 2021

Renewal of the Aging Power Generation Fleet

The electricity sector plays an essential role in Romania’s development, with a strong influence on economic competitiveness, life quality, and the environment. To meet consumers’ expectations in the long run, the Romanian energy sector must become cleaner, more economically robust, and technologically advanced.

As part of its Energy Strategy Outlook for 2030, the government plans to extensively promote the replacement of aging power generation fleets across the country. A considerable share of the country’s baseload power plants are nearing their end of life, and some are already economically inefficient and too polluting. The replacement of power generation capacities is expected to require investments of EUR 7-14 billion by 2030, depending on the development scenario. The government has been actively promoting new power generation sources in the country, including nuclear, wind, solar, and hydropower. The government plans to fast-track the construction of long-delayed power plant projects in the country. The nuclear project is expected to be the largest potential sector for investment in the Romanian energy sector over the next decades. The country has two power units with around 1300 MWe power capacity, supplying 17% of Romania’s total electricity production, and it is planning to expand its nuclear power program.

Thus, the new investment to renew or refurbish the aging power infrastructure is expected to drive the growth of the market studied during the forecast period.

Romania Power EPC Market - Nuclear Power Capacity in MWe, Romania, 2000 and 2021

Romania Power EPC Industry Overview

The Romanian power EPC market is moderately fragmented. Some of the major players in the market are (in no particular order) JinkoSolar Holding Co. Ltd, Enel SpA, Siemens AG, Romelectro SA, and Mytilineos SA.

Romania Power EPC Market Leaders

  1. JinkoSolar Holding Co. Ltd

  2. Enel SpA

  3. Siemens AG

  4. Romelectro S.A.

  5. Mytilineos SA.

*Disclaimer: Major Players sorted in no particular order

Romania Power EPC Market Concentration

Romania Power EPC Market News

In November 2022, Rezolv Energy decided to install the largest photovoltaic plant in Europe as it joined a 1.04 GW project developed by Monsson. The site is in Arad in Romania’s west.

In September 2022, Photon Energy NV started constructing its seventh Romanian PV power plant, which will have a generation capacity of 7.1 MWp.

Romania Power EPC Market Report - Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Installed Power Capacity Forecast in MW, till 2027

    3. 4.3 Electricity Generation and Consumption Forecast, till 2027

    4. 4.4 Electricity Generation, by Fuel Type, 2021

    5. 4.5 Recent Trends and Developments

    6. 4.6 Government Policies and Regulations

    7. 4.7 Market Dynamics

      1. 4.7.1 Drivers

      2. 4.7.2 Restraints

    8. 4.8 Supply Chain Analysis

    9. 4.9 PESTLE Analysis


    1. 5.1 By Power Generation

      1. 5.1.1 Thermal

      2. 5.1.2 Hydropower

      3. 5.1.3 Nuclear

      4. 5.1.4 Renewables

    2. 5.2 By Power Transmission and Distribution


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Transelectrica SARomelectro SA

      2. 6.3.2 Societatea Nationala Nuclearelectrica SAMytilineos SA

      3. 6.3.3 Electroalfa

      4. 6.3.4 JinkoSolar Holding Co. Ltd

      5. 6.3.5 Enel SpA

      6. 6.3.6 Siemens AG

      7. 6.3.7 E.ON SE

      8. 6.3.8 Trina Solar Ltd

    4. *List Not Exhaustive

**Subject to Availability
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Romania Power EPC Market Research FAQs

The Romania Power EPC Market market is studied from 2019 - 2027.

The Romania Power EPC Market is growing at a CAGR of >2.05% over the next 5 years.

JinkoSolar Holding Co. Ltd, Enel SpA, Siemens AG, Romelectro S.A., Mytilineos SA. are the major companies operating in Romania Power EPC Market.

Romania Power EPC Industry Report

Statistics for the 2023 Romania Power EPC market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Romania Power EPC analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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