Renewable energy projects reached a total capacity of 4,412 MW at the end of January 2014 , according to Transelectrica.

Thus, the system has wind projects with a capacity of 2,704 MW, solar parks with a total capacity of 1,077 MW, while small hydro reached 536 MW and biomass projects – a capacity of 95 MW.

Renewable energy producers receive subsidies in the form of green certificates, which are levied on all consumers, including the household and are highlighted separately in monthly electricity bill, according to Agerpres.

For 2013, the Energy Regulatory Authority (ANRE) set last week  a mandatory quota of green certificates per MWh of 0.224 GSs, up from 0.1188 level per MWh for 2012.

Romania has assumed that 24% of electricity consumption in 2020 will come from renewable sources, but ANRE announced that this target has already been reached on 1 January 2014.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.