Will Romania increase solar power by 2023?

Econergy's 155 MWp Ratesti solar project, in Romania. During the COP28 climate summit in Dubai in December 2023, Romanian president Klaus Iohannis pledged to increase his country’s PV generation capacity to more than 8 GW by 2030. That would mark a sixfold increase on the 1.39 GW of solar in Romania in 2020.

Is Romania ready for a new wave of photovoltaic capacity deployment?

Solarplaza Summit Romania 2023. Image by Solarplaza on Linkedin. After experiencing a burst of solar installations almost a decade ago, Romania is now said to be at the start of a new wave of photovoltaic (PV) capacity deployment.

Why should we invest in Romanian solar?

Econergy identified Romania as an important European renewables player at the end of the 2010s and has become a leading developer and investor in Romanian PV. We have learned where Romania’s bold commitments create opportunity, where growth is delayed, and how Romania is weathering current international challenges. Solar regulation

How much energy will Romania have by 2030?

The new plan aims for 36% of Romania’s energy to come from renewables by 2030 – higher than the figure allocated it by the European Commission – with 8.3 GW of solar and 7.6 GW of wind. Bucharest has committed to phase out coal by 2032.

When will Romania's largest solar park start generating power?

Nofar is building Romania’s largest solar park, a 154-MW facility in Ratesti, which will start power generation most probably in July. This project did not have to deal with the 50-ha limitation as it was in the ready-to-build phase before the rule was introduced, Andreea Gilicel, financial manager at Nofar Energy, told Renewables Now at the event.

What does Romania's new energy plan mean for the world?

In late 2023, the Romanian government raised the ambition of the draft National Energy and Climate Plan it presented to the COP. The new plan aims for 36% of Romania’s energy to come from renewables by 2030 – higher than the figure allocated it by the European Commission – with 8.3 GW of solar and 7.6 GW of wind.