6 GW of solar and wind to be installed in Romania by 2030

Romania_Solar

Romania intends to install 6 GW in wind farms and solar power plants, according to its final National Energy and Climate Plan (NECP) for the period 2021-2030.

According to the NECP, Romania wants to ensure energy supply from internal sources as the primary objective for national energy security. It aims to increase installed capacity by approximately 35% in 2030 compared to 2020 by building wind farms (2.3 GW) and solar power plants (3.7 GW).

Romania plans to add 1 GW in hydropower plants, and 675 MW in nuclear power plants, but also to decrease the capacity in coal-based power plants by 1.3 GW, and in gas-fired power plants by 400 MW.

Romania has estimated investments for reaching the NECP targets at EUR 150 billion or around 7% of current GDP, of which EUR 127 billion is for energy demand in the industry and the tertiary, residential and transport sectors. The funds will be spent on electricity grids, power plants and steam boilers.

The sources of funding are EU programmes and ETS revenues, but the commission said there are gaps in investment needs and that there are no details on investments generated by revenues from ETS allowances.

balkangreenenergynews.com, 21 October 2020