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ROMANIA WIND MARKET: OUTLOOK 2012 This market report offers an incisive and reliable overview of the wind sector of the country. With more than 982 MW installed cumulative capacity, Romania was one of the fastest growing European wind energy markets for 2011. The country represents a stable investment environment in South-East Europe with clear rules and green certificates support scheme. The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 50 pages of valuable information in this unique in-depth analysis of the Romanian wind market. As 2011 was challenging year for wind energy industry, the time for taking
right decisions during 2012 is limited. Fast changing market environment requires relevant and accurate information. For your convenience we offer opportunity for orders with customized report content. Reasons to buy this market report include:
Brief overview of the Romanian political and economic environment Wind resource potential in Romania Overview of Romanian wind energy market development 2007 ÷ 2012 Grid connected wind power plants for 2011/2012 Future market trends and planned wind projects for 2012/2013 Current market prices of fully permitted and operational wind projects Romanian legal and energy regulatory framework for renewable projects Key companies in wind sector Review of most relevant financing and supporting incentives SWOT Analysis
Early bird discount of 10 % is available by the end of April 2012, together with 2 free updates about the market development by the end of 2012. At next pages you will see the full table of content of this report. To order this report just fill in and send us the enclosed at the last page order form. If you have any other questions please do not hesitate to call us on ++359 887 342 475 or write an e-mail to orders@ineaconsulting.eu
ROMANIA WIND MARKET: OUTLOOK 2012
TABLE OF CONTENTS
FOREWORD ................................................................................................................ 6 1.
METHODOLOGY ................................................................................................ 8
2.
EXECUTIVE SUMMARY .................................................................................... 10
3.
ROMANIAN POLITICAL AND ECONOMIC ENVIRONMENT ................................. 13 3.1. Basic country data .............................................................................................. 13 3.2. Political Climate and Ruling Party ...................................................................... 16 3.3. GDP and Economic Growth ................................................................................ 16 3.4. Electricity Imports and Exports. Electricity prices for business and households 18 3.5. Taxes ................................................................................................................... 20 3.5.1. VAT .................................................................................................................. 20 3.5.2. Income and Corporate Taxes .......................................................................... 20
4.
ROMANIAN WIND ENERGY MARKET ............................................................... 21 4.1. General electricity market information ............................................................. 21 4.1.1. Electricity Consumption and Production ........................................................ 22 4.1.2. RES targets ...................................................................................................... 22 4.2. Wind energy market........................................................................................... 25 4.2.1. Why invest in wind energy in Romania? ........................................................ 26 4.2.2. Romanian wind resource potential ................................................................ 27 4.2.3. Overview of Romanian wind energy market .................................................. 28 4.2.4. Market prices for wind energy projects in Romania ...................................... 30 4.2.5. Development projects and operational wind power plants in Romania ....... 30 4.2.6. Key wind companies operating on Romanian market ................................... 34
5.
EUROPEAN RENEWABLE ENERGY POLICY LANDSCAPE ..................................... 36 5.1. Romanian RES Regulations and EU Directives ................................................... 36 5.1.1. Precedent EU regulations ............................................................................... 36 5.1.2. Most recent EU renewable energy policy developments .............................. 36 5.2. Renewable energy mandatory targets for Romania set out by the EU ............. 37 5.2.1. Interim targets set out by the EU ................................................................... 37 5.2.2. National support schemes flexibility allowed by the EU ................................ 38 5.3. RES LEGAL Project .............................................................................................. 38
6.
ROMANIAN RENEWABLE LEGAL AND REGULATORY FRAMEWORK................... 39 6.1. Main laws and regulations ................................................................................. 39 6.2. Zoning, planning and construction related authorizations ................................ 40 6.3. Environmental related authorizations ............................................................... 40 6.3.1. Natura 2000 Network ..................................................................................... 41 6.3.2. Joint Implementation ..................................................................................... 41
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ROMANIA WIND MARKET: OUTLOOK 2012 6.4. Energy law authorizations .................................................................................. 41 6.4.1. Power Generation Licensing ........................................................................... 41 6.4.2. Grid Interconnection ...................................................................................... 42 6.4.3. Power Off-Take ............................................................................................... 42 6.4.4. Green certificates ........................................................................................... 43 6.5. Financial Incentives and Support for RES electricity .......................................... 44 6.6. Future market pricing mechanisms ................................................................... 45 6.7. Key Co-financing opportunities .......................................................................... 46 7.
KEY ORGANIZATIONS AND INSTITUTIONS ....................................................... 47 7.1. Government ....................................................................................................... 47 7.1.1. The Ministry of Economy, Trade and Business Environment (METBE) .......... 47 7.1.2. Romanian Energy Regulatory Authority (ANRE) ............................................ 47 7.1.3. Ministry of Environment and Forests (MoEF) ................................................ 47 7.1.4. Ministry of Agriculture and Rural Development (MARD) .............................. 48 7.2. Electricity Distribution Companies (EDC’s) ........................................................ 48 7.2.1. Electrica SA ..................................................................................................... 48 7.2.2. E.ON Energie ................................................................................................... 49 7.2.3. CEZ .................................................................................................................. 50 7.2.4. ENEL ................................................................................................................ 51
8.
SWOT Analysis ............................................................................................... 53
9.
CONCLUSIONS ................................................................................................ 58
10.
LIST OF ABBREVIATIONS ................................................................................. 60
11.
REFERENCES ................................................................................................... 62
12.
DISCLAIMER ................................................................................................... 71
APPENDIX I. WIND MAPS OF EUROPE AND ROMANIA ............................................... 72
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ROMANIA WIND MARKET: OUTLOOK 2012
LIST OF MAPS, CHARTS AND TABLES
Map 1: Where is Romania on the European map ............................................................. 13 Map 2: Major transport corridors passing through Romania............................................ 14 Map 3: Romanian regions .................................................................................................. 15 Map 4: Wind potential of Romania ................................................................................... 26 Map 5: NATURA 2000 areas in Romania ........................................................................... 41 Map 6: Districts covered by Electrica SA ........................................................................... 49 Map 7: Districts covered by E.ON Energie Romania .......................................................... 50 Map 8: Districts covered by CEZ ........................................................................................ 51 Map 9: Districts covered by ENEL ...................................................................................... 51 Chart 1: Real GDP growth for the period 2000-2012 (including estimates)...................... 17 Chart 2: Romanian GDP growth compared to EU-27 for the period 2002-2011(Q1) ....... 18 Chart 3: Electricity imports and exports for the period 2004-2011 (in million MWh) including estimations ......................................................................................................... 19 Chart 4: Corporate tax income in the region .................................................................... 20 Chart 5: Structure of Romanian electricity market............................................................ 21 Chart 6: Share of RES electricity in gross energy consumption 2011 ................................ 22 Chart 7: Romanian RES targets in % set by the EU ............................................................ 23 Chart 8: Cumulative developments of wind power plants in Romania in MWp from 2009 to 2013, including estimates .............................................................................................. 33 Chart 9: Market Shares by Sales of the Major EDC Companies in Romania in 2011 ........ 48 Chart 10: Structure of E.ON Energie Romania ................................................................... 49 Table 1: Electricity prices for business and households .................................................... 19 Table 2: Support schemes for RES generation in the EU countries ................................... 25 Table 3: Market prices for wind energy projects in Romania for 2011 ............................. 30 Table 4: Selected operational, under construction and planned wind energy projects in Romania ............................................................................................................................. 32 Table 5: Green certificates for electricity from PV sources in Romania ............................ 44
Š 2012, Inea Consulting Ltd., Bulgaria; Last Edition on 08.04.2012
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