Romania Wind Energy Market Size (2024 - 2029)

Romania Wind Energy Market Size Summary

The Romanian wind energy market is poised for growth over the forecast period, driven by supportive government initiatives and the country's substantial wind energy potential. The market is primarily dominated by onshore wind farms, which have been the backbone of Romania's wind energy production, making it the second-largest renewable energy source after hydropower. The government's recent efforts, such as the introduction of a contracts-for-difference support scheme and new laws to promote offshore wind energy, are expected to create significant opportunities for market expansion. Despite these positive developments, the increasing adoption of alternative renewable energy sources, particularly solar energy, poses a challenge to the wind energy sector's growth trajectory.

Romania's renewable energy landscape is evolving, with solar energy gaining momentum due to favorable conditions and declining costs of solar technology. This shift is reflected in the government's plans to enhance solar capacity significantly, which could potentially slow down the growth of the wind energy market. The country's wind energy sector, while experiencing steady growth, faces competition from the rapidly expanding solar and bioenergy sectors. Major players in the wind energy market, such as CEZ Romania and Siemens Gamesa Renewable Energy, continue to play a crucial role in the market's development. However, the focus on diversifying the renewable energy mix, including substantial solar projects, indicates a dynamic and competitive energy market in Romania.