Research and Conclusions of Legal and Economic Feasibility of Renewable Energy in Romania

VAC, Călin; ARION, Felix; SâNă, Sonia; SCRIDON, Simion
September 2012
Bulletin of the University of Agricultural Sciences & Veterinary;2012, Vol. 69 Issue 2, p337
Academic Journal
Base materials used in our research are legal documents of the Romanian and European legislation specific renewable energy field, which define the legal, economic and financial framework and have been applied on four specific case studies (investment projects): production of wind, solar or biomass energy and geothermal energy efficiency using. Research method used was analysis of legislative, economic, financial, risk sensitivity and feasibility of solutions investigated. Full liberalization of energy prices will cause significant increases in energy prices on the market and the only alternative, in our opinion, is increases of energy efficiency by using renewable energy and / or mechanisms for cogeneration. From our research, the full approval period of a proposed investment in electricity production in Romania is between 12 and 24 months, plus about two years for investment implementation, and costs attached thereto are complete about 200,000 eur / project. We also found that the total amounts of implementation costs 1,7 to 1,9 million eur per every 1 MWh installed, depending on the type of renewable resource implemented. The electricity can be traded on the regulated or competitive market, wholesale or retail, using one of the trading platforms operated by SC OPCOM SA. The proceeds from the sale of the electricity, one can add additional revenue from the sale of green or greenhouse gases certificates. The substantive conclusion emerges from studies is that, although Romania has significant renewable resources, is necessary to improve the legal and economic framework that could provides financial security, predictability and stability.


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