Diagnosing the Potential of Renewable Energy in România

Ionut-Cosmin Baloi
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Ionut-Cosmin Baloi: Craiova University, Faculty of Economics and Business Administration, Romania

Timisoara Journal of Economics, 2010, vol. 3, issue 4(12), 237-246

Abstract: Renewable energy brings an attractive horizon for Romania, the projects can generate jobs, cooperation between the interested countries, the increase of living standards and environmental protection. Renewable energy will considerably grow up in coming years thanks to environmental trends exhibited more intense in our country. Beyond the inconveniences inherent in any investment and the related risks, also beyond the natural equilibrium changes, the energy plants’ using new green technology offers many advantages. Their quantification can be statistically correlated leading to a rethinking of models that shape the parameters of competitiveness. In this research we started with the assumption that the potential of renewable energy allows Romania to get a favourable competitive position, mainly if we relate to the role of geostrategic pillar in the energetic system in this region of the continent. Although our research is in early stages, we develop two models of diagnosing the renewable energy sources capacity and efficiency and also their attractiveness for entrepreneurial initiatives.

Keywords: renewable energy; potential diagram; market attractiveness; business attractiveness; competitiveness (search for similar items in EconPapers)
JEL-codes: N74 O13 Q42 (search for similar items in EconPapers)
Date: 2010
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