Key Insights
The Romanian wind energy market is a significant growth area within the European renewable sector, projected to expand at a Compound Annual Growth Rate (CAGR) of 8.9%. This expansion is propelled by the European Union's ambitious renewable energy mandates, favorable government incentives promoting decarbonization, and declining technology expenses. Currently, the onshore segment leads due to established infrastructure and lower initial investment. However, offshore wind development is accelerating, leveraging Romania's Black Sea coastline for large-scale energy generation. Leading companies such as CEZ Romania, EDP, and Siemens Gamesa are key contributors to market competition and innovation. Despite challenges related to regulations and grid capacity, the market outlook is robust, driven by rising energy demand and environmental imperatives.
Romania Wind Energy Market Market Size (In Billion)
Future market dynamics will be shaped by increased public and private investment, technological innovations enhancing turbine efficiency and reducing operational costs, and ongoing efforts to integrate wind energy into the national grid. Strategic focus on overcoming existing grid limitations will ensure reliable power delivery. The combination of strong policy support and substantial untapped onshore and offshore wind resources indicates significant growth potential for the Romanian wind energy market from the base year 2024 through the forecast period. Continued governmental backing, simplified permitting, and critical grid modernization investments are vital for Romania to fully realize its wind energy potential and contribute to Europe's green energy transition.
Romania Wind Energy Market Company Market Share
This report offers an exhaustive analysis of the Romania wind energy market from 2019 to 2033, detailing market structure, competitive landscape, industry trends, and future growth prospects. It provides crucial data and actionable insights for stakeholders. The analysis utilizes 2024 as the base year, with market size estimated at 1.31 billion.
Romania Wind Energy Market Market Structure & Competitive Dynamics
The Romanian wind energy market exhibits a moderately concentrated structure, with key players such as CEZ Romania, EDP - Energias de Portugal, Siemens Gamesa Renewable Energy SA, Nero Renwables NV, Verbund AG, and Enel Green Power SpA holding significant market shares. However, the market also features several smaller independent power producers (IPPs) and emerging players, fostering a dynamic competitive landscape. Market share analysis reveals a xx% share for the top 6 players as of 2024, with projections indicating a xx% increase by 2033.
Innovation within the sector is driven by technological advancements in turbine design, energy storage solutions, and grid integration technologies. The regulatory framework, while evolving, presents both opportunities and challenges for market participants. Government incentives and supportive policies for renewable energy sources are crucial growth drivers. Substitute technologies, such as solar power, exert competitive pressure, while strong end-user demand for clean energy, primarily from large industrial consumers and utilities, fuels market expansion.
M&A activity has been moderate in recent years, with deal values totaling approximately xx Million in the period 2019-2024. Future M&A activity is anticipated to increase as larger players consolidate their positions and seek access to new projects and technologies.
Romania Wind Energy Market Industry Trends & Insights
The Romanian wind energy market is experiencing robust growth, driven by several key factors. The government's commitment to increasing renewable energy generation targets, coupled with favorable regulatory policies, creates a conducive investment environment. Technological advancements, such as the development of larger and more efficient wind turbines, are reducing the levelized cost of energy (LCOE), making wind power increasingly competitive. Furthermore, increasing consumer awareness of climate change and the benefits of renewable energy strengthens market demand. This has led to a Compound Annual Growth Rate (CAGR) of xx% for the historical period (2019-2024) and is projected to reach xx% during the forecast period (2025-2033). Market penetration of wind energy in Romania's overall electricity generation is currently at xx% and is forecast to reach xx% by 2033. Competitive dynamics are characterized by both established players and new entrants vying for market share, leading to innovation and price competitiveness.
Dominant Markets & Segments in Romania Wind Energy Market
The onshore wind segment currently dominates the Romanian wind energy market, primarily due to lower initial investment costs, established infrastructure, and a wider geographic suitability. However, the offshore wind sector is poised for significant growth, fueled by government initiatives to develop offshore wind capacity in the Black Sea.
Onshore Wind: Key drivers include readily available land, existing grid infrastructure, and government support through auctions and feed-in tariffs. Its dominance is primarily due to quicker project development timelines compared to offshore wind. The onshore market is expected to account for xx% of the total market in 2033.
Offshore Wind: While currently nascent, the offshore wind segment holds immense potential. The government's commitment to developing offshore wind farms in the Black Sea, along with its auctioning plans for 3GW of capacity, are strong catalysts for growth. It's expected to contribute significantly to the overall market growth from 2027 onwards, ultimately claiming xx% of the total market share by 2033. Successful development hinges on overcoming challenges related to high initial investment costs and complex permitting processes.
Romania Wind Energy Market Product Innovations
Recent product innovations in the Romanian wind energy market center on the deployment of larger capacity wind turbines, incorporating advanced technologies to enhance energy efficiency and reduce operational costs. The integration of smart grid technologies and energy storage solutions are also gaining traction, improving grid stability and maximizing energy yield. These innovations are essential to enhance the competitiveness of wind energy against other power generation sources and meet the growing electricity demands of the country.
Report Segmentation & Scope
This report segments the Romanian wind energy market primarily by product type: onshore wind and offshore wind. The onshore wind segment is analyzed based on capacity additions, project pipelines, and key players. Growth projections suggest a substantial increase in installed capacity by 2033. The competitive landscape is characterized by both international and domestic players. The offshore wind segment, while currently smaller, is expected to witness rapid expansion driven by government support and the potential for large-scale projects. This segment's market size and growth are significantly influenced by policy support, technological advancements, and investment decisions. The report analyzes the competitive landscape, key players, and anticipated growth trajectories for both segments.
Key Drivers of Romania Wind Energy Market Growth
The growth of the Romanian wind energy market is driven by several key factors:
- Government Support: Substantial government incentives, feed-in tariffs, and supportive policies for renewable energy development create a favorable investment environment.
- Technological Advancements: The continuous improvement in turbine technology, reducing costs and increasing efficiency, makes wind energy more competitive.
- EU Directives: Alignment with EU targets for renewable energy integration pushes for rapid market expansion.
- Energy Security: Wind energy offers an indigenous, secure and sustainable alternative to fossil fuels.
Challenges in the Romania Wind Energy Market Sector
Despite significant growth potential, the Romanian wind energy market faces certain challenges:
- Grid Infrastructure: Upgrades to the existing grid infrastructure are needed to effectively integrate the growing amount of wind power.
- Permitting Processes: Streamlining complex permitting procedures is crucial to accelerate project development.
- Land Acquisition: Securing suitable land for wind farms, particularly for onshore projects, can be a hurdle.
- Financing: Securing long-term financing for large-scale projects remains a key challenge. This could limit growth and deployment of new projects.
Leading Players in the Romania Wind Energy Market Market
- CEZ Romania
- EDP - Energias de Portugal (EDP)
- Siemens Gamesa Renewable Energy SA (Siemens Gamesa)
- Nero Renwables NV
- Verbund AG (Verbund)
- Enel Green Power SpA (Enel Green Power)
Key Developments in Romania Wind Energy Market Sector
- July 2023: The Ministry of Energy launched a consultation on a draft law for Romania's first offshore wind farms, targeting completion in 2027-2028, and proposed auctioning 3GW of offshore wind capacity under a CfD scheme. This signals a major commitment to offshore wind development.
- May 2023: OX2 partnered with Bilfinger Tebodin to engineer an onshore wind farm in Galati, demonstrating continued interest in onshore wind development.
Strategic Romania Wind Energy Market Market Outlook
The future of the Romanian wind energy market is bright. Continued government support, technological progress, and increasing investor interest point towards substantial growth in both onshore and, especially, offshore wind sectors. Strategic opportunities exist for companies involved in turbine manufacturing, project development, grid infrastructure, and energy storage. The market's expansion will significantly contribute to Romania's renewable energy targets and enhance its energy security. The market is projected to experience sustained growth driven by the significant potential of offshore wind and the continued development of onshore projects.
Romania Wind Energy Market Segmentation
- 1. Onshore
- 2. Offshore
Romania Wind Energy Market Segmentation By Geography
- 1. Romania
Romania Wind Energy Market Regional Market Share
Geographic Coverage of Romania Wind Energy Market
Romania Wind Energy Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 8.9% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. 4.; Favorable Government Policies4.; Strong Wind Energy Potential in Romania
- 3.3. Market Restrains
- 3.3.1. 4.; Development of Alternate renewable energy sources
- 3.4. Market Trends
- 3.4.1. Onshore Wind Energy to Dominate the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Romania Wind Energy Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Onshore
- 5.2. Market Analysis, Insights and Forecast - by Offshore
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Romania
- 5.1. Market Analysis, Insights and Forecast - by Onshore
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- 6.2. Company Profiles
- 6.2.1 CEZ Romania
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 EDP - Energias de Portugal
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 Siemens Gamesa Renewable Energy SA
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 Nero Renwables NV*List Not Exhaustive 6 4 Market Ranking/Share (%) Analysi
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 Verbund AG
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 Enel Green Power SpA
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.1 CEZ Romania
List of Figures
- Figure 1: Romania Wind Energy Market Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: Romania Wind Energy Market Share (%) by Company 2025
List of Tables
- Table 1: Romania Wind Energy Market Revenue billion Forecast, by Onshore 2020 & 2033
- Table 2: Romania Wind Energy Market Volume gigawatt Forecast, by Onshore 2020 & 2033
- Table 3: Romania Wind Energy Market Revenue billion Forecast, by Offshore 2020 & 2033
- Table 4: Romania Wind Energy Market Volume gigawatt Forecast, by Offshore 2020 & 2033
- Table 5: Romania Wind Energy Market Revenue billion Forecast, by Region 2020 & 2033
- Table 6: Romania Wind Energy Market Volume gigawatt Forecast, by Region 2020 & 2033
- Table 7: Romania Wind Energy Market Revenue billion Forecast, by Onshore 2020 & 2033
- Table 8: Romania Wind Energy Market Volume gigawatt Forecast, by Onshore 2020 & 2033
- Table 9: Romania Wind Energy Market Revenue billion Forecast, by Offshore 2020 & 2033
- Table 10: Romania Wind Energy Market Volume gigawatt Forecast, by Offshore 2020 & 2033
- Table 11: Romania Wind Energy Market Revenue billion Forecast, by Country 2020 & 2033
- Table 12: Romania Wind Energy Market Volume gigawatt Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Romania Wind Energy Market?
The projected CAGR is approximately 8.9%.
2. Which companies are prominent players in the Romania Wind Energy Market?
Key companies in the market include CEZ Romania, EDP - Energias de Portugal, Siemens Gamesa Renewable Energy SA, Nero Renwables NV*List Not Exhaustive 6 4 Market Ranking/Share (%) Analysi, Verbund AG, Enel Green Power SpA.
3. What are the main segments of the Romania Wind Energy Market?
The market segments include Onshore, Offshore.
4. Can you provide details about the market size?
The market size is estimated to be USD 1.31 billion as of 2022.
5. What are some drivers contributing to market growth?
4.; Favorable Government Policies4.; Strong Wind Energy Potential in Romania.
6. What are the notable trends driving market growth?
Onshore Wind Energy to Dominate the Market.
7. Are there any restraints impacting market growth?
4.; Development of Alternate renewable energy sources.
8. Can you provide examples of recent developments in the market?
July 2023: the Ministry of Energy, Romania, launched a thirty-day consultation on a draft law on the requirements for Romania's first offshore wind farms in the Black Sea, which are expected to finalize in 2027-2028. The country has also proposed to auction 3 gigawatts of offshore wind under a contract-for-difference (CfD) scheme.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion and volume, measured in gigawatt.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Romania Wind Energy Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Romania Wind Energy Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Romania Wind Energy Market?
To stay informed about further developments, trends, and reports in the Romania Wind Energy Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence