Romania Wind Energy Market - Growth, Trends, and Forecasts (2020 - 2025)

The market is segmented by Location of Deployment (Onshore and Offshore)

Market Snapshot

Study Period:

2018-2025

Base Year:

2019

CAGR:

2.5 %

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Market Overview

Romania׳s wind potential is the highest in Southeast Europe with Dobrogea region being the second-highest wind potential area on the continent. The Romania wind energy market is expected to grow at a CAGR of greater than 2.5% during the forecast period 2020-2025. The market is expected to witness significant demographic and economic growth, leading to an increase in energy demand. Factors like increasing demand for renewable energy, rising investments in wind farms, efforts to reduce the reliance on fossil fuel-based power generation, government policies and declining cost of wind energy are driving the wind energy market. However, the increasing adoption of alternate clean power sources such as solar and the availability of fossil fuels are likely to restrain the growth of the wind energy market in the coming years.

  • Onshore wind is the cheapest form of power generation in the country, which makes them dominant in the wind energy market in Ecuador.
  • The integration of Artificial Intelligence (AI), Interner of Things (IoT), robotics, and data analytics in wind turbines will enable advanced condition monitoring and predictive maintenance which result in increased efficiency and reduced operational and maintenance costs, which is likely to provide the opportunity to a growth in the deployment of wind turbines in coming future.

Scope of the report

The Romania wind energy market report include:

Location of Deployment
Onshore
Offshore

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Key Market Trends

Onshore Wind Energy Market is Expected to Dominate the Market

  • Wind energy production has been growing in Romania over the past decade. Romania's wind energy sector is the second-largest source of renewable energy, in Romania, after hydropower.
  • Wind energy provided about 12% of Romania’s electricity in 2018. As of 2019, the installed capacity of onshore wind energy in Romania is 3040MW. The share of wind and other renewables in Romania’s electricity generation mix is expected to rise by 35% by 2030.
  • Before 2021, NERO Renewables plans to install 237 wind turbines at 3 different sites in South-East Romania, with a total capacity of approximately 1.000 MW, generating up to 3 TWh per annum.
  • The largest onshore wind farm in Europe is in Dobrogea, in Fântânele and Cogealac, having an installed power of 600 MW.

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Efforts to Reduce GHG Emissions Using Wind Energy to Drive the Market

  • An important factor that led to the development of electricity production from Renewable Energy sources was the increasing effort in reducing greenhouse-gas emissions. The renewable energy generation by wind has reached 6.5 TWh in 2018.
  • Reducing carbon dioxide emissions is, therefore, one of the main practices that can be used to achieve the objectives set by energy policies in the country.
  • The amount of greenhouse gas emissions in Romania resulting from the production of electricity decreased from 83.2 million metric tons of CO2 in 2011 down to 72 million metric tons of CO2 in 2018.
  • The influence of renewable energy on domestic electricity was significant, mainly due to the replacement of polluting fossil-fuel electricity. This reflects the changeover in the electricity production process, from fossil fuels, particularly coal, to electricity generated from renewable sources, particularly, wind power in Romania.

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Competitive Landscape

The Romania wind energy market is moderately consolidated. Some of the key players in this market include CEZ Romania S.A., Enel Green Power SpA, EDP Renovaveis SA., VERBUND AG, and Senvion SA.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Installed Capacity and Forecast, in MW, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Location of Deployment

      1. 5.1.1 Onshore

      2. 5.1.2 Offshore

  6. 6. COMPETITIVE LANDSCAPE

    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 CEZ Romania S.A.

      2. 6.3.2 Enel Green Power SpA

      3. 6.3.3 VERBUND AG

      4. 6.3.4 Senvion SA

      5. 6.3.5 EDP Renovaveis SA

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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