Romania Photovoltaic (Solar PV) Market: Outlook 2016 - 2025

  • ID: 4316534
  • Report
  • Region: Romania
  • 123 pages
  • Inea Consulting Ltd
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FEATURED COMPANIES

  • China Sunergy (CSUN)
  • ET Solar Group
  • ICCO Group
  • ReneSola
  • ReneSola Ltd.
  • Renovatio Group
  • MORE

This market report offers an incisive and reliable overview of the photovoltaic 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 PV capacity grew up from 29 MW in 2012 to over 1300 MW in 2016. Number of green certificates was reduced in 2014, but Romanian market has good chances to add more cumulative installed PV capacity in the next 2 years.

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 photovoltaic 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 photovoltaic industry, the time for taking right decisions during 2017 and the next few years is limited. Fast changing market environment with, requires relevant and accurate information.

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

  • Overview of the Romanian political and economic environment
  • Solar resource potential in Romania
  • Financial Model and Analysis of 5 MW Photovoltaic (Solar PV) Power Plant investment in Romania (IRR, WACC, Payback, NPV, Cash Flow, etc.)
  • Over 55 charts, tables and maps
  • Overview of Romanian photovoltaic market development 1990 - 2025
  • Grid connected photovoltaic installations
  • Future market trends and planned photovoltaic projects for 2016 - 2025
  • Market prices of fully permitted and operational photovoltaic projects
  • Romanian legal and energy regulatory framework for renewable projects
  • Key companies and competitive landscape in photovoltaic 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

  • China Sunergy (CSUN)
  • ET Solar Group
  • ICCO Group
  • ReneSola
  • ReneSola Ltd.
  • Renovatio Group
  • MORE
"FOREWORD
1 METHODOLOGY AND LIMITATIONS
1.1 Research Methodology
1.2 Limitations
2 EXECUTIVE SUMMARY
2.1 Historical and Current Development Overview of Photovoltaic (Solar PV) Power Market in Romania
2.2 Romania Solar Resource Potential
2.3 Key Stakeholders Affecting Photovoltaic (Solar PV) 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 Photovoltaics (Solar PV) in Energy Sector
4.3 Single Electricity Market
5 CENTRAL-EAST EUROPE (CEE) AND SOUTH-EAST EUROPE (SEE) PHOTOVOLTAIC (SOLAR PV) POWER MARKET
5.1 Market Overview
5.2 Cumulative Installed Photovoltaic (Solar PV) Capacity and Revenue
5.3 Annual Installed Photovoltaic (Solar PV) 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 PHOTOVOLTAIC (SOLAR PV) POWER MARKET
7.1 Why Invest in Photovoltaic (Solar PV) Power in Romania?
7.2 Romania Solar Resource Potential
7.3 Licensing Period Duration
7.4 Regional Substation Capacities for Solar PV Power Projects in Romania
7.5 Overview of Photovoltaic (Solar PV) Power Market in Romania
7.6 Market Structure Analysis
7.7 Investment Trends and Development Roadmap
7.8 Competitive Environment in Photovoltaic (Solar PV) Power Market
7.9 Profiles of Key Players and Investors in Photovoltaic (Solar PV) Power Market
7.10 Cumulative Installed Photovoltaic (Solar PV) Capacity and Revenue
7.11 Annual Installed Photovoltaic (Solar PV) Capacity and Revenue
7.12 Market Prices for Photovoltaic (Solar PV) Power Projects in Romania in Development, Ready to Build and Operational (Grid Connected) Condition
7.13 Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in Romania
7.14 Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power in Romania
7.15 Key Photovoltaic (Solar PV) Power Projects in Romania Under Development
7.16 Mergers and Acquisitions
8 DRIVERS AND CONSTRAINTS OF PHOTOVOLTAIC (SOLAR PV) 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 PHOTOVOLTAIC (SOLAR PV) MARKET IN ROMANIA
9.1 Financing Options of Photovoltaic (Solar PV) Power Projects in Romania
9.2 Financial Model and Analysis of 5 MW Photovoltaic (Solar PV) Power Plant investment in Romania (IRR, WACC, Payback, NPV, Cash Flow, ETC.)
10 TECHNOLOGY ANALYSIS
10.1 Photovoltaic (Solar PV) 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 PHOTOVOLTAIC (SOLAR PV) 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. SOLAR 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 Electricity Grids Network, Transelectrica
Map 6: Solar Resource Map of Romania
Map 7: Solar Irradiation and Solar Electricity Potential for Optimally Inclined Photovoltaic Modules in Romania, JRC PVGIS 2008
MAP 8: Romania Natura 2000 Areas Map
Map 9: Districts Covered by Electrica S.A.
Map 10: Districts Covered by E.ON
Map 11: Districts Covered by ENEL
Map 12: Solar Irradiation and Solar Electricity Potential for Horizontally Mounted Photovoltaic Modules in Romania
Map 13: Solar Irradiation and Solar Electricity Potential for Horizontally Mounted Photovoltaic Modules in Romania
Map 14: Solar Irradiation and Solar Electricity Potential for Optimally Inclined Photovoltaic Modules in Europe

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 Photovoltaic (Solar PV) Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2025, including forecast
Chart 14: Cumulative Revenue of Photovoltaic (Solar PV) 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 Photovoltaic (Solar PV) Power Plants (in MW) in Central-East Europe (CEE) and South-East Europe (SEE) 2000 ÷ 2025, including forecast
Chart 16: Annual Revenue of Photovoltaic (Solar PV) 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 Photovoltaic (Solar PV) Power Plants in Romania (in MW) 2000 ÷ 2025, including forecast
Chart 24: Cumulative Revenue of Photovoltaic (Solar PV) Power Plants in Romania (in Millions USD) 2000 ÷ 2025, including forecast
Chart 25: Annual Installed Capacity of Photovoltaic (Solar PV) Power Plants in Romania (in MW) 2000 ÷ 2025, including forecast
Chart 26: Annual Revenue of Photovoltaic (Solar PV) Power Plants in Romania (in Millions USD) 2000 ÷ 2025, including forecast
Chart 27: Levelized Cost of Energy (LCOE) for Photovoltaic (Solar PV) Power in Romania
Chart 28: RoSEFF Structure
Chart 29: Cumulative Cash Flows and Break-Even Point of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Romania
Chart 30: Photovoltaic (Solar PV) System Price Evolution (€/Wp) 1990 ÷ 2016 (BNEF, PV news, EU Commission – DG JRC, Roland Berger)
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 Photovoltaic (Solar PV) Projects in Romania for 2016 ÷ 2025 in Development, Ready to Build and Operational (Grid Connected) Condition
Table 5: Key Cost Structure Elements of Photovoltaic (Solar PV) Power Plant in Romania
Table 6: Database with Major Operational, Under Construction and Planned Photovoltaic (Solar PV) Projects in Romania
Table 7: Key Financial Parameters of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Romania
Table 8: Key Financial Viability Indicators of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Romania (IRR, NPV, Payback, Benefit-Cost)
Table 9: Project Costs and Savings (Income) Summary of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Romania
Table 10: Yearly Cash Flows of 5 MW Photovoltaic (Solar PV) Power Plant Investment in Romania (Pre-tax, After-tax, Cumulative)
Table 11: Crystalline Module Price Trend in April 2017
Table 12: Green Certificates for Electricity from Renewable Energy Sources (RES) in Romania
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  • China Sunergy (CSUN)
  • ET Solar Group
  • ICCO Group
  • Martifier Solar,EDP Renováveis (EDPR)
  • McGregor & Partners S.C.A.
  • ReneSola
  • ReneSola Ltd.
  • Renovatio Group
  • Siemens
  • Wolf Theiss
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