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The photovoltaic business in Romania has been steadily growing in recent years due to an increasing focus on renewable energy sources and government support. Photovoltaic or solar energy is seen as a highly reliable and sustainable alternative to traditional forms of energy generation, making it an attractive investment for both individuals and businesses.
One of the main reasons for the growth of the photovoltaic business in Romania is the government’s commitment to renewable energy. The Romanian government has set targets to increase the share of renewable energy in the country’s total energy consumption, which has led to various incentives and support schemes for photovoltaic projects. This includes a feed-in tariff system that guarantees a fixed price for electricity generated from renewable sources for a period of time, providing investors with a stable and predictable income stream.
In addition, Romania has favorable natural conditions for solar energy production, with a high number of sunny days throughout the year. The country’s geographic location allows for optimal solar exposure, making it an ideal location for photovoltaic installations.
The photovoltaic business in Romania also benefits from the decreasing costs of solar technology. As the price of solar panels and related equipment continues to decline, the initial investment required for photovoltaic projects becomes more affordable, attracting more investors to enter the market. This has also resulted in an increase in the number of solar energy companies in Romania, offering a wide range of services such as installation, maintenance, and consultancy.
Overall, the photovoltaic business in Romania is experiencing significant growth due to government support, favorable natural conditions, and decreasing costs. As the country continues to prioritize renewable energy, the photovoltaic sector is poised for further expansion, contributing to a cleaner and more sustainable future.
The developers of the solar projects have expressed their intentions to proceed with the sale of up to 100% of the shares held in the project company (the ‘Special Project Vehicles,’ ‘SPVs’), the shareholders invite either strategic or financial investors to participate in this sale process.
There are 4 SPVs that have joined to create solar projects in the same area. The SPVs were founded in 2021 and 2022 with the main objective of energy production (CAEN 3511). The projects are located in Romania, on a total flat area of approximately 198 hectares. The altitude is 95 meters above sea level. The projects consist of building and operating solar facilities located on a favorable site with good solar irradiation in the south of Romania.
|• Substation & 110 kV underground cables:
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The projects will be developed on approximately 198 hectares of land, situated in the built-up area. The land has been leased for 33 years at 1,700 euros per hectare per year, with a 3% annual indexation or inflation rate. The soil is of normal quality, ensuring a good sunlight reflection effect for the application of bifacial PV modules. Land usage is estimated at 1.10 hectares per megawatt-peak (ha/MWp).
Connection to the grid
The projects are planned to have their own 20/110 kV power substation for the four SPVs near the site, along with two 110 kV underground cables to connect directly to the ISALNITA. The distance between the site and the grids is approximately 2 km. The total power is 158.2 MWac/180 MWdc, calculated as 4 ATRs x 39.55 MWac/45 MWdc per project.
As per the estimated calculation:
•Maximum installed/connection power: 180 MW (DC) / 158.2 MW (AC) •Specific production: 1,424 MWh/MWp/year;
•Energy production (30 years): 6,759,580 MWh (Estimation)
•Energy price: 60 Euro/MWh (Estimation)
Following the modelling of potential technical solutions, one envelope case is promoted:
Permitting stage Obtained or Approved
140,000 EUR / MW + Land
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Published on November 24, 2023 at 11:49 am. Updated on December 2, 2023 at 1:36 pm