IDEAS home Printed from https://ideas.repec.org/a/blg/journl/v7y2012i1p110-113.html
   My bibliography  Save this article

Energy For Romania From Renewable Resources

Author

Listed:
  • LUCIAN Paul

    (Lucian Blaga University of Sibiu, Romania)

Abstract

The European Union admits the fact that energy is essential, for the development of the European economy, but that it also constitutes a challenge, due to the impact on climate change. In Romania, as well as in all the countries of the European Union, which have chosen to promote renewable energy, governments have come up with support frameworks for investors in this field. In Romania’s case, the option for green schemes and compulsory quotas was selected, meaning that each energy producer, which produces renewable energy, receives a number of green certificates for each MW produced, depending on the technology it uses. The price of such a green certificate varies between 27 – 55 Euros. The statistics of the European Energy Association show that Romania is ranked 7th among E.U. countries with investments in wind parks. Specialists mention that solar energy is much more efficient, because solar parks can be spread all over the country. Through the hydro-energetic potential of our country, hydro-energy can ensure national energetic security. In order to attract foreign investors into projects, for energy from renewable resources one requires new transport lines, tuning stations and equipments, for solar and wind parks. Until 2020, the Romanian state will make available for investors, at least 10 billion Euros. Producers of energy from renewable sources can sell their certificates to suppliers of energy, at a price dictated by supply and demand.

Suggested Citation

  • LUCIAN Paul, 2012. "Energy For Romania From Renewable Resources," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 7(1), pages 110-113, April.
  • Handle: RePEc:blg:journl:v:7:y:2012:i:1:p:110-113
    as

    Download full text from publisher

    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/7111lucian.pdf
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:blg:journl:v:7:y:2012:i:1:p:110-113. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mihaela Herciu) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/feulbro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.