The legal and economic framework of investing in production of solar energy in Romania

Florentina Moisescu
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Florentina Moisescu: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2018, 238-241

Abstract: One thing is certain, while the fossil energetic resources will exhaust in a very short time, regenerable resources are resources that will selfcomplete periodically by the energetic balance of nature. A clear advantage represents the free supply of raw material leading to minimal costs of harvesting energy. In Romania, the areas with high interest for power applications for solar energy are represented by Dobrogea and a big part of Romanian Plain. The radiation values are comparable with those from Italy and Spain, making Romania a country with a big potential for investors. The solar energetic potential of Romania is 1.2 TWh anual production. The potential of solar farms is very high, but their development is suppressed due to legislation and complicated process of obtaining financing. The scope of this study is to present the necesary steps for investing in production of solar energy as well as presenting the support schemes granted by the state for solar energy producers.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2018:p:238-241

DOI: 10.26397/RCE2067053226

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