Monday, December 11, 2023

    Romania plans to invest about 23 billion euro in energy sector by 2030

    Romania plans to invest over 22.6 billion euro in its energy sector in the next ten years under the government’s draft energy strategy 2020-2030.

    Romania aims to meet 30.7% of its energy needs from renewable sources by 2030, compared to 24.4% at present, the plan published for public discussion by the economy ministry showed.

    In the following ten years, Romania intends to increase its installed energy production capacity by 35% with new wind capacity of 2,302 MW and new solar capacity of 3,692 MW, thus ensuring a higher degree of energy independence.

    A higher energy production capacity will help Romania reduce energy imports from 20.8% of consumption estimated for 2020 to 17.8% in 2030, reaching one of the lowest levels of dependence on energy imports in the EU, the strategy blueprint showed.

    Regarding the natural gas segment, Romania will focus on the development of the national gas transmission system on the Bulgaria – Romania – Hungary – Austria (BRUA) corridor and on the development on the Romanian territory of the southern gas corridor for receiving natural gas from the shores of the Black Sea.

    Romania plans to replace several coal-fired energy groups with combined cycle units powered by natural gas and units based on renewable energy sources by 2030.

    The strategy also envisages the construction of two additional reactors at the nuclear power plant in Cernavoda. Currently, the electricity produced by nuclear fission covers about 18% of the country’s electricity production through the two existing units in Cernavoda and that share will increase to about 28% in 2035 through the addition of two more reactors, the plan showed.