ENERGY FOR ROMANIA FROM RENEWABLE RESOURCES

Paul Lucian
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Paul Lucian: Lucian Blaga University of Sibiu, Romania

Studies in Business and Economics, 2012, vol. 7, issue 1, 110-113

Abstract: The European Union admits the fact that energy is essential, for the development of the European economy, but that it also constitutes a challenge, due to the impact on climate change. In Romania, as well as in all the countries of the European Union, which have chosen to promote renewable energy, governments have come up with support frameworks for investors in this field. In Romania’s case, the option for green schemes and compulsory quotas was selected, meaning that each energy producer, which produces renewable energy, receives a number of green certificates for each MW produced, depending on the technology it uses. The price of such a green certificate varies between 27 – 55 Euros. The statistics of the European Energy Association show that Romania is ranked 7th among E.U. countries with investments in wind parks. Specialists mention that solar energy is much more efficient, because solar parks can be spread all over the country. Through the hydro-energetic potential of our country, hydro-energy can ensure national energetic security. In order to attract foreign investors into projects, for energy from renewable resources one requires new transport lines, tuning stations and equipments, for solar and wind parks. Until 2020, the Romanian state will make available for investors, at least 10 billion Euros. Producers of energy from renewable sources can sell their certificates to suppliers of energy, at a price dictated by supply and demand.

Keywords: climate change; support scheme; renewable sources; green certificates; compulsory quota; wind energy; solar energy (search for similar items in EconPapers)
Date: 2012
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