Current Situation and Future Perspectives of the Romanian Renewable Energy

Ştefan Dragoş Cîrstea, Claudia Steluţa Martiş, Andreea Cîrstea, Anca Constantinescu-Dobra and Melinda Timea Fülöp
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Ştefan Dragoş Cîrstea: Faculty of Electrical Engineering, Technical University of Cluj-Napoca, 400114 Cluj-Napoca, Romania
Claudia Steluţa Martiş: Faculty of Electrical Engineering, Technical University of Cluj-Napoca, 400114 Cluj-Napoca, Romania
Andreea Cîrstea: Faculty of Economics and Business Administration, Babes-Bolyai University, 400591 Cluj-Napoca, Romania
Anca Constantinescu-Dobra: Faculty of Electrical Engineering, Technical University of Cluj-Napoca, 400114 Cluj-Napoca, Romania
Melinda Timea Fülöp: Faculty of Economics and Business Administration, Babes-Bolyai University, 400591 Cluj-Napoca, Romania

Energies, 2018, vol. 11, issue 12, 1-22

Abstract: In 2015, Romania was the first country in Europe that achieved EU targets regarding the share of renewables in the generation mix, far ahead of the 2020 deadline. Starting with the energy structure in Romania, the paper: (1) analyses the evolution of the main indicators in the renewable energy sector, (2) discloses the perspectives of renewable energy in Romania synthesizing the main trends of development in the field, and (3) analyses the challenges facing with the development of renewable energy in Romania. Based on analyzing the exploratory data, the paper makes a preliminary prediction of the development of the sector for future decades and proposes targeted countermeasures and suggestions. Romania still has unexploited potential concerning renewable energy sources. Since Romania registered continuous economic growth, the demand for electricity is steadily growing, and this trend is expected to continue. Additionally, Romania could introduce a support mechanism for developing the potential of unexploited existing resources. The results of the present study may be useful for further research regarding public policies for the development of renewable energy. Furthermore, it can represent a useful analysis in order to identify future trends of renewable energy in Romania.

Keywords: renewable energy; future perspectives; renewable energy sources; Romania energy structure; exploratory study (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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