Romania Wind Power Market: Outlook 2016 - 2025

  • ID: 4316530
  • Report
  • Region: Romania
  • 124 pages
  • Inea Consulting Ltd
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FEATURED COMPANIES

  • CEZ
  • EDP Renováveis (EDPR)
  • ENEL Green Power
  • ICCO Group
  • Renovatio Group
  • Siemens
  • MORE

This market report offers an incisive and reliable overview of the wind sector of the country for the next long term period 2016 - 2025. In view of recent cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia, Bulgaria and Italy, Romania represents a stable investment environment in South-East Europe with clear rules and green certificates support scheme. Current cumulative installed wind capacity in the country is growing fast and Romania is the best performer amongst SEE countries between 2012 and 2015.

Despite of reduction of number of green certificates from the beginning of 2014 Romanian market reached more than 3,000 MW cumulative installed wind capacity. The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 120 pages of valuable information in this unique in-depth analysis of the Romanian wind market. With comprehensive market data this report brings clear and concise insights, to help investors in their decision making process. As 2015 and 2016 were challenging years for wind industry, the time for taking right decisions during 2017 and the next few years is limited. Fast changing market environment, requires relevant and accurate information.

Reasons to buy this market report are, but not limited to:

  • Overview of the Romanian political and economic environment
  • Wind resource potential in Romania
  • Financial Model and Analysis of 50 MW Wind Power Plant investment in Romania (IRR, WACC, Payback, NPV, Cash Flow, etc.)
  • Over 55 charts, tables and maps
  • Overview of Romanian wind market development 1990 - 2025
  • Grid connected wind installations
  • Future market trends and planned wind projects for 2016 - 2025
  • Market prices of fully permitted and operational wind projects
  • Romanian legal and energy regulatory framework for renewable projects
  • Key companies and competitive landscape in wind sector
  • Review of most relevant financing and supporting incentives
  • SWOT Analysis (detailed in 5 pages)
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CEZ
  • EDP Renováveis (EDPR)
  • ENEL Green Power
  • ICCO Group
  • Renovatio Group
  • Siemens
  • MORE
"FOREWORD
1 METHODOLOGY AND LIMITATIONS
1.1 Research Methodology
1.2 Limitations
2 EXECUTIVE SUMMARY
2.1 Historical and Current Development Overview of Wind Power Market in Romania
2.2 Romania Wind Resource Potential
2.3 Key Stakeholders Affecting Wind Power Market Development in Romania
2.4 Market Drivers and Constraints
2.5 Recent and Pending Changes in Renewable Energy Law in Romania
2.6 Market Forecast Summary
3 ROMANIA POLITICAL AND ECONOMIC ENVIRONMENT. PEST ANALYSIS
3.1 Basic Country Data
3.2 Political Climate and Ruling Party
3.3 GDP and Economic Growth
3.4 Taxes
3.4.1 VAT
3.4.2 Income and Corporate Taxes
4 CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) POWER MARKET
4.1 General Electricity Market information
4.2 Wind Power in Energy Sector
4.3 Single Electricity Market
5 CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) WIND POWER MARKET
5.1 Market Overview
5.2 Cumulative Installed Wind Capacity and Revenue
5.3 Annual Installed Wind Capacity and Revenue
5.4 Future Development Trends
6 ROMANIA POWER MARKET
6.1 Electricity Transmission and Distribution
6.2 Electricity Consumption and Generation
6.3 Electricity Imports and Exports
6.4 Electricity Prices for Business and Households
6.5 Renewable Energy Sources (RES) Targets
7 ROMANIA WIND POWER MARKET
7.1 Why Invest in Wind Power in Romania?
7.2 Romania Wind Resource Potential
7.3 Licensing Period Duration
7.4 Regional Substation Capacities for Wind PV Power Projects in Romania
7.5 Overview of Wind Power Market in Romania
7.6 Market Structure Analysis
7.7 Investment Trends and Development Roadmap
7.8 Competitive Environment in Wind Power Market
7.9 Profiles of Key Players and Investors in Wind Power Market
7.10 Cumulative Installed Wind Capacity and Revenue
7.11 Annual Installed Wind Capacity and Revenue
7.12 Market Prices for Wind Power Projects in Romania in Development, Ready to Build and Operational (Grid Connected) Condition
7.13 Key Cost Structure Elements of Wind Power Plant in Romania
7.14 Levelized Cost of Energy (LCOE) for Wind Power in Romania
7.15 Key Wind Power Projects in Romania Under Development
7.16 Mergers and Acquisitions
8 DRIVERS AND CONSTRAINTS OF WIND MARKET IN ROMANIA. SWOT ANALYSIS
8.1 Market Drivers
8.2 Market Drivers Explained
8.3 Market Constraints
8.4 Market Constraints Explained
8.5 SWOT Analysis
9 FINANCIAL ANALYSIS OF WIND MARKET IN ROMANIA
9.1 Financing Options of Wind Power Projects in Romania
9.2 Financial Model and Analysis of 50 MW Wind Power Plant investment in Romania (IRR, WACC, Payback, NPV, Cash Flow, etc.)
10 TECHNOLOGY ANALYSIS
10.1 Wind Power Technology Overview
10.2 Technology Trends
11 EUROPEAN RENEWABLE ENERGY POLICY LANDSCAPE
11.1 RES Regulations and EU Directives
11.1.1 Precedent EU regulations
11.1.2 Most recent EU renewable energy policy developments
12 ROMANIA RENEWABLE ENERGY SOURCES (RES) LEGAL AND REGULATORY FRAMEWORK
12.1 Main Laws and Regulations
12.2 Support Schemes
12.3 Green Certificates Trading
12.4 Fulfilling of Annual Mandatory Quota for Green Certificates
12.5 Recent and Pending Changes in Renewable Energy Law in Romania
12.6 Zoning, Planning and Construction Related Authorizations
12.6.1 Zoning Plans Procedure
12.6.2 Building Permit (Construction License) Procedure
12.7 Environmental Related Authorizations
12.7.1 Natura 2000 Network
12.7.2 Clean Development Mechanism (CDM) and Joint Implementation (JI)
12.8 Energy Law Authorizations
12.8.1 Power Generation Licensing
12.8.2 Grid Interconnection
12.8.3 Power Off-Take
12.8.4 Green Certificates (Guarantees of Origin)
12.9 Future Market Pricing Mechanisms
13 KEY STAKEHOLDERS AFFECTING WIND POWER MARKET DEVELOPMENT IN ROMANIA
13.1 Government Stakeholders
13.2 Non-Government Stakeholders
13.3 Electricity Generation, Transmission System Operator (TSO) and Distribution System Operators (DSO’s)
14 CONCLUSIONS AND RECOMMENDATIONS
15 LIST OF ABBREVIATIONS
16 REFERENCES
17 DISCLAIMER
APPENDIX I. WIND RESOURCE MAPS OF EUROPE AND ROMANIA

Map 1: Where is Romania on the World Map
Map 2: Romania Road Network
Map 3: Romania Administrative Regions Map
MAP 4: Romania Historical Regions Map
MAP 5: Romania Transmission Grid Network and Saturated Areas for Connection of Wind Power Plants, Transelectrica, Renewable Market Watch
Map 6: Romania Electricity Grids Network, Transelectrica
Map 7: Romania Wind Resource Map at 80 m., 3TIER Inc.
Map 8: Wind Irradiation and Wind Electricity Potential for Optimally Inclined Photovoltaic Modules in Romania, JRC PVGIS 2008
MAP 9: Romania Natura 2000 Areas Map
Map 10: Districts Covered by Electrica S.A.
Map 11: Districts Covered by E.ON
Map 12: Districts Covered by ENEL
Map 13: Global Mean Wind Speed at 80 m, 3TIER Inc.
Map 14: European Wind Atlas, Risø DTU National Laboratory, Denmark
Map 15: Unrestricted technical potential for onshore wind energy up to 2030, based on estimated 80 m. average wind speeds 2000 – 2005, EEA

Chart 1: Romania Real GDP Growth for the Period 2000 ÷ 2025 (including forecast)
Chart 2: Romania GDP Growth Compared to EU-27 for the Period 2000 ÷ 2025 (including forecast)
Chart 3: Corporate Tax Income in Selected Central-East Europe (CEE) and South-East Europe (SEE) Countries
Chart 4: Physical Energy Flows Values in GW in Central-East Europe (CEE) and South-East Europe (SEE) in 2016
Chart 5: Share of Renewables in Electricity Generation in Selected Central-East Europe (CEE) and South-East Europe (SEE) Countries, 2016 (in %), EuroStat
Chart 6: Average Base Load Electricity Price in Selected European Countries (EUR/MWh): 2008 - 2016
Chart 7: Forecast for RES Generation Capacity by Source Type in the EU to 2020 and 2030 (in GW), ENTSO-E
Chart 8: Net Power Generation Added Capacities in the EU 28 in 2016 (MW), WindEurope, SolarPower Europe
Chart 9: Age of Power Plants in Europe in 2016; SolarPower Europe
Chart 10: Share of New Power Generation Capacities Added in the EU 28 in 2016 (MW), WindEurope
Chart 11: Installed Power Generating Capacity per Year (MW) and Renewable Share (in %) 2000 – 2016, WindEurope
Chart 12: New Installed and Decommissioned Power Generation Capacity in the EU 27 for 2016 (GW), WindEurope
Chart 13: Cumulative Installed Capacity of Wind Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2025, including forecast
Chart 14: Cumulative Revenue of Wind Power Plants (in Millions USD) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2025, including forecast
Chart 15: Annual Installed Capacity of Wind Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2025, including forecast
Chart 16: Annual Revenue of Wind Power Plants (in Millions USD) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2025, including forecast
Chart 17: Romania Power Market Structure
Chart 18: Share of RES electricity from Total Installed Power Capacity in Romania in 2016
Chart 19: Romania Total Annual Electricity Consumption (in TWh) 2000 ÷ 2016
Chart 20: Romania Power Generation Capacity Breakdown by Source (Fuel) Type in 2016
Chart 21: Electricity Imports and Exports in Romania 2000 ÷ 2025 (in TWh) including forecast
Chart 22: Romania Targets for Renewable Energy Sources by 2020 (in %) set by National Renewable Energy Action Plan (NREAP)
Chart 23: Cumulative Installed Capacity of Wind Power Plants in Romania (in MW) 2000 ÷ 2025, including forecast
Chart 24: Cumulative Revenue of Wind Power Plants in Romania (in Millions USD) 2000 ÷ 2025, including forecast
Chart 25: Annual Installed Capacity of Wind Power Plants in Romania (in MW) 2000 ÷ 2025, including forecast
Chart 26: Annual Revenue of Wind Power Plants in Romania (in Millions USD) 2000 ÷ 2025, including forecast
Chart 27: Levelized Cost of Energy (LCOE) for Wind Power in Romania
Chart 28: RoSEFF Structure
Chart 29: Cumulative Cash Flows and Break-Even Point of 50 MW Wind Power Plant Investment in Romania
Chart 30: Wind Power System Price Evolution 1990 ÷ 2016
Chart 31: Market Shares by Sales of the Distribution System Operators in Romania in 2016
Chart 32: Districts Covered by CEZ

Table 1: Electricity Prices for Business and Households
Table 2: Support Schemes for RES Generation in the EU Countries and Romania
Table 4: Market Prices for Wind Projects in Romania for 2016 ÷ 2025 in Development, Ready to Build and Operational (Grid Connected) Condition
Table 5: Key Cost Structure Elements of Wind Power Plant in Romania
Table 6: Database with Major Operational, Under Construction and Planned Wind Projects in Romania
Table 7: Key Financial Parameters of 50 MW Wind Power Plant Investment in Romania
Table 8: Key Financial Viability Indicators of 50 MW Wind Power Plant Investment in Romania (IRR, NPV, Payback, Benefit-Cost)
Table 9: Project Costs and Savings (Income) Summary of 50 MW Wind Power Plant Investment in Romania
Table 10: Yearly Cash Flows of 50 MW Wind Power Plant Investment in Romania (Pre-tax, After-tax, Cumulative)
Table 11: Wind Turbine Prices in 2017
Table 12: Green Certificates for Electricity from Renewable Energy Sources (RES) in Romania
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  • CEZ
  • Continental Wind Partners
  • EDP Renováveis (EDPR)
  • ENEL Green Power
  • Electrawinds
  • General Electric (GE)
  • ICCO Group
  • Lukerg Renew
  • McGregor & Partners S.C.A.
  • Renovatio Group
  • Senvion
  • Siemens
  • Vestas
  • WPD
  • Wolf Theiss
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