Solar power system for cabin in Romania

Some of the most notable schemes include: Feed-in-tariff (FIT) scheme: Under this scheme, renewable energy producers in Romania, including solar energy producers, are guaranteed a fixed price for their electricity for 15 years. The FIT rates for solar energy are revised every year, and they depend on the type and size of the solar project.

National targets for solar PV With an average of 1,900 to 2,400 annual sunlight hours, Romania has significant natural potential for solar PV development. Yet, the country has not set ambitious targets for renewable energy sources, aiming for only 30.7% of its final energy consumption to come from RES by 2030.

Overview of solar PV developments Following a period of lull, Romania has achieved in 2023 a significant milestone in its renewable energy journey – over 1 GW of new solar capacity installed in one year between distributed generation and utility scale projects.

In the context of the European ambitions, Romania would need to aim for 44.4% RES, meaning 11.1 GW of solar - 6.1 GW for utility-scale and 5 GW for rooftop PV1. Drivers for solar growth The last two years have been marked by significant legislative changes that underpinned the development of the Romanian PV sector.

Further to this, the government has assigned $666 million for solar rebates in 2023 under a PV systems scheme. Overall, Romania has made significant strides towards the development of its solar energy sector, with a growing number of solar projects and investments flowing into the country.

According to the International Renewable Energy Agency (IRENA), Romania is now considered one of the top ten solar markets in Europe, with a total installed solar photovoltaic capacity of 1,545 MW as of the end of 2023. One primary driver was the EU Modernization Fund.