Solar power currently accounts for around 7% of Romania’s annual electricity production, marking a 3% increase from 2023. This represents a 75% rise in just over a year. While modest, it highlights Romania’s growing contribution to CO2-neutral energy. Fossil fuels and hydropower each make up around 31%, with wind power at 13% and nuclear energy at 20%. The rest comes from biomass, according to Eurostat studies.
Romania becoming an increasingly important market
R.Power's Power Purchase Agreement (PPA) is a supply contract for CO₂-free electricity to a trading company. Set for 10 years, from 2026 to 2036, the agreement ensures the delivery of 357 GWh of green energy over its duration. Rafał Hajduk, Chief Commercial Officer at R.Power, responsible for partner and business relations, says: “Romania is becoming an increasingly important market for us, and this agreement provides a solid foundation for further sustainable growth in the region.”
Potential for growth
This milestone agreement underscores R.Power’s commitment to expanding its presence in Romania, a market with considerable growth potential for solar energy. As the country continues to increase its share of CO₂-free electricity, R.Power’s investment lays a strong foundation for sustainable growth and further expansion in the region’s evolving renewable energy sector.
Continuous market monitoring
PV-europe continuously monitors the growth markets in Eastern Europe. We conduct interviews with experts from industry, trade and finance from various countries. Read on for more key information.
Read exclusive interviews with key voices shaping the PV market in Poland & Eastern Europe:
· Grzegorz Rabsztyn: “The EIB is playing a key role in supporting renewables and grid development”
· Caroline White of SegenSolar: “Poland is emerging as a key market”
· Harald Scherleitner, Fronius: “For 2024, we expect another 3.6 GW of installed power.”
· Bartosz Majewski of Menlo Electric: “We are navigating a turbulent market”
· Dariusz Borowiec of K2 Systems Poland: “The overall package makes the difference"
· Michal Marona of SolarEdge: “A market with lots of potential”
· Jan Stottko of SMA: “The most Polish inverter on the market”
· Barbara Michalowska: “Agri-PV products designed with durability and ease of installation”
· Tobias Schuessler of Goldbeck Solar Polska: “The demand for solar parks is rising”
· Patrik Danz of IBC Solar: “It’s a very exciting market”
· Ioannis Chatzichristofis: “A key prerequisite is the modernisation of the Polish electricity grid”
· Ramon Li of Growatt: “Good prospects in a sustainably booming market”
· Andreas Zyber from Quantumsolarpv: ”Quality of service pays off in a difficult market”
· Piotr Pysniak of Greto Polska: “The market is beginning to stabilise”
