Romania Power Market Size (2024 - 2029)

Romania Power Market Size Summary

The Romanian power market is poised for significant growth over the forecast period, driven by increasing demand for renewable energy and substantial investments in the energy sector. The government's commitment to invest over EUR 22.6 billion in the power sector by 2030 is expected to create substantial opportunities. While the market is currently dominated by hydrocarbon energy sources, there is a notable shift towards renewable energy, particularly hydropower and solar energy. Romania's hydropower potential remains largely untapped, with ongoing projects expected to enhance capacity significantly. The collaboration between Romania and Bulgaria on Danube hydropower projects exemplifies the country's strategic focus on expanding its renewable energy infrastructure.

Supportive government policies play a crucial role in advancing Romania's renewable energy sector, aligning with European Union obligations on greenhouse gas emissions. The Integrated National Plan for Energy and Climate Change outlines ambitious targets for solar and wind capacities by 2030. The introduction of Contracts for Difference (CfD) is anticipated to stabilize electricity prices, mitigating market volatility risks and encouraging investment. Key players in the moderately fragmented market, such as Romelectro SA, Enel SpA, and Siemens Gamesa Renewable Energy SA, are actively involved in various projects, including agrivoltaic parks and nuclear power plant developments. These initiatives, alongside international investments, underscore the dynamic evolution of Romania's power market.