PV Analysis of the Belt and Road Initiative

Home News & Analysis PV Analysis of the Belt and Road Initiative

PV Demand Analysis of the Belt and Road Initiative: Romania of Central and Eastern Europe

Romania Country Profile

Romania has an estimate population of 19 million. The country’s economy is picking up thanks largely to household consumption, although high inflation rates remain prevalent nationwide. The Romanian GDP growth registered 4.096% in 2018. Romania earns Baa3 from Moody’s and BBB- from Standard & Poor’s. Both credit ratings indicate a stable economic outlook.

Romania has a continental climate. However, because of geographical factors, the country’s climate also possesses Mediterranean characteristics.

The average temperature in Romania is 0–5 °C during winter and 25–30 °C during summer.

Romania receives an annual solar radiation of 1,300–1,500 kWh/m2.

Renewables Development in Romania

Romania has met the EU’s target of achieving a 24% share of renewables within the  energy mix by the end of 2020. Recently, the Romanian government is working with the EU to draw up a renewable energy plan for 2021–2030, with the latest draft setting the 2030 target of sourcing 27.9% of electricity from  renewable sources.

At present, hydropower accounts for the largest share of renewable energy installations in Romania, followed by 27% of wind power and 12% of solar PV power. However, constraints imposed through policymaking on the amount of green energy produced has sent Romania’s renewables into a lengthy period without progress and led to no significant growth in the number of renewables installations these past years.

Source: IRENA

The Romanian government is due to promulgate an update on its energy policy at the end of 2019, when the new target of renewable energy generated will be announced, and it would be worth a look at whether the government will launch contingency plans for renewables development.

Romania's PV policy and development

The Romanian government used to promote renewables development actively. It made “Law No. 220/2008” to establish a scheme for trading green certificates. This scheme, under which 1 MWh of PV power generated could be exchanged for six green certificates, empowered the domestic PV industry to soar. However, having met the EU’s target of the share of power from renewables ahead of time, the government revised the scheme by offering just three green certificates in exchange for 1 MWh of PV power produced. With such a weaker incentive—coupled with a glut of green certificates issued that led their prices to crash and the difficulty for the PV industry and other renewables sectors to lure investment—Romania’s renewable energy market no longer sees the certificates traded as frequently as they used to be. Domestic demand for renewables has declined and even stagnated.

Romania has recently shifted its focus to distributed PV projects. Under the rule, excess electricity generated from solar systems with capacity ≦ 100 kW can be sold to Enel, CEZ, E.ON, and Electrica in return for subsidies. Sometime in mid-2018, the government offered tax reduction on PV projects with generation capacity ≦ 27 kW.

In January 2019, Romania's Environment Fund Administration announced a scheme to provide cash subsidies for the implementation of residential and C&I distributed PV projects. Anyone who intended to join the scheme had to submit an application before March. Those deemed eligible for the scheme would receive a subsidy of up to RON 20,000.

As mentioned earlier, the Romanian PV market has long been stuck in recession. The government has put forward a net-metering policy in hopes of improving demand for distributed projects, although how that policy will turn out remains to be seen.

Source: IRENA

Romania-China trade: module import and export

China shipped less than 5 MW of modules to Romania during 2017–2019, with the domestic PV market remaining stagnant and the net-metering policy yet to deliver outcomes. The country is expected to set a new renewable energy target by the end of 2019. When that target is set, it remains to be seen whether the whole PV market will recover.


Since 2014, the Romanian PV industry has been in the doldrums. Although the government recently implemented a net-metering policy to stimulate demand for rooftop PV, the policy’s outcomes are yet to be determined. Romania may update its energy policy by the end of 2019, when the target of electricity produced from renewables will be revised upward and demand for green energy may increase.

Previous Go Back Next

欢迎您光临PV InfoLink网站(http://www.pvinfolink.com,以下简称“本网站”),请您详阅下方的本网站的使用条款、以保障双方权益,若使用本网站则表明您已知悉并完全接受这些条款。

§ 1 免责声明

本网站合法获取信息,并尽可能以可靠、准确、完整的信息为基础,但不保证本网站信息的绝对准确性和绝对完整性,亦不对任何人的市场操作、投资建议负任何责任。PV InfoLink保留随时补充、修订或更改有关信息的权利,但并不保证随时发布。

 § 2 版权声明

本网站中的商标、名称、版面设计、自有文章、图片、图表等内容之版权归PV InfoLink所有。对于内容中所含的版权和其他所有权声明,使用者应予以尊重并在其转载、副本中予以保留。如果网站内容无权利声明,并不代表本网站对其不享有权利,也不意味着本网站不主张权利,使用者应根据诚信原则尊重该内容的合法权益并进行合法使用。

§ 3 转载及链接

本网站出于促进业界同仁思想交流和研究探讨之目的,可能包含转载文章或连接到第三方网页上的链接。转载文章所阐述的观点只代表该作者自身观点,本网站转载并不代表赞成或反对其观点。另外,本网站对外部链接并不负审查义务,不担保其准确性及完整性。在收集原始素材时,PV InfoLink尽可能注明文章的作者和来源,如文章作者或版权所有者对此存有异议,并不希望本网站引用、转载,请联系我们,本网站将立即予以删除。

§ 4 拒绝提供担保




本使用条款之订立、修改、更新及最终解释权均属PV InfoLink所有。若您对于本使用条款或本网站有任何问题或建议,欢迎来信service@pvinfolink.com

Welcome to PV InfoLink website (http://www.pvinfolink.com, hereinafter referred to as “this website”). Please read this terms of use agreement carefully to protect the interests of both parties. By accessing this website, you know and fully agree with these terms.

§1 Disclaimer

Information on this website is legally obtained and is based on reliable, accurate, and complete information. But absolute accuracy and completeness is not guaranteed. We assume no responsibility for anyone’s market operation or investment advice. PV InfoLink reserves the right to add, revise, or alter website information anytime, but information will not be guaranteed to be published all the time. 

§2 Copyright statement

The copyright of trademark, name, website layout, articles, photos, charts, etc. on this website are the properties of PV InfoLink. For the copyright and other proprietary statement contained in the content, users should show the respect and cite sources when sharing the article. If the website has no copyright statement, it does not mean that its contents are not protected. Users should respect the legitimate rights for use based on the principle of integrity.

§3 Share and link

This website may share articles or put subcontractor’s link on this website for the purpose of facilitating peer exchange and research. The point of view for the shared article is author’s own point of view. This website does not represent in favor or against the author’s point of view. In addition, this website does not have an obligation to review external links and does not guarantee its accuracy and completeness. For the collection of original sources, we will try to cite the author and source as much as possible. If the author or copyright owner has any opinions and do not want this website to refer or share their content, please contact us. The article will be removed immediately. 

§4 Refuse to provide warranty

This website does not provide any express or implied warranties, including but not limited to commercial suitability, fitness for a particular purpose, and non-infringement of the rights of others.

This website is for reference only. Users should determine the immediacy and applicability of such information themselves and have to be responsible for any transaction or investment decisions made.

If users conduct trade transactions with other manufacturers through this website, only the user and the manufacturer have a contractual relationship. This website is not involved in it. If the product or service has any flaws or disputes, users will have to contact the contractor. This website will assume no responsibility for such matters.

The making, modification, renewal, and final interpretation of this Terms of Use are the properties of PV InfoLink. If you have any questions or suggestions regarding this Terms of Use or this website, please contact us at service@pvinfolink.com.


PV InfoLink的现货价格主要来自平时与业界的面谈、
但每周根据市场分为略有微调,且加上PV InfoLink专业分析群的市场预测。

PV InfoLink gathers price information from face-to-face/phone interviews and other ways of communication with more than 100 PV companies. We get our average price from the most common transactional data in the market (not weighted average), but prices are slightly adjusted every week according to market conditions. With PV InfoLink’s professional market forecast, we seek the fullness and completeness of the information, but this information is just for reference. We assume no responsibility for anyone’s market operation or investment advice.