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Installed windpower capacity in Romania up 112.6 pct in 2011, it might double this year
Installed windpower capacity in Romania surged by 112.6 percent in 2011, compared to 2010, with estimates revealing that the installed capacity doubled in 2011, according to the 2012 Report entitled Wind Energy and Other Renewable Energy Sources in Romania, launched on Wednesday by TPA Horwath and the law firm Schoenherr & Associates.
The latest figures show an installed capacity of 1,140 MW in April 2012 in Romania and according to the experts in the renewable energy domain, the capacity might reach 2,000 MW by the end of the year. These estimates are based on the fact that the investors began to have access to the support schemes for renewable energy approved by the European Union.
The above-mentioned report analyses the factors leading to the breakneck development pace and the prospects of the wind power sector in Romania.
According to the National Energy Regulatory Authority (ANRE), the wind power ranks first among the sources of alternative energy in Romania, with the total capacity of the wind power parks standing at 982 MW in Dec. 2011, compared to 462 MW in Dec. 2010.
As regards the capacities installed in 2011 in the EU, Romania ranked 7th with the 520 MW extra installed wind power capacity, after Germany (2,086 MW), Great Britain (1,293 MW), Spain (1,050 MW), Italy (950 MW), France (830 MW) and Sweden (763 MW).
In addition, the report examines the European context in the renewable energy domain, both from the viewpoint of the regulation framework and the investment dynamics and evolutions in the EU's member states. EU's Growth Strategy over 2014-2020 'Europe 2020' for sustainable growth and employment puts innovation and the 'green' economic growth at the center of EU's plan for competitiveness. The EU aims to increase the rate of renewable energy in the final consumption of energy to 20 percent, by imposing on each state member national goals.
According to these mandatory objectives, Romania must reach a share of 24 percent of E-SRE (energy from renewable sources) from the final gross energy consumption by 2020.
The report is the second edition of an annual analysis conducted by TPA Horwath Romania and Schoenherr & Associates SCA.
TPA Horwath is an international consultancy, accounting and audit firm.
TPA Horwath has its main headquarters in Vienna, 11 regional offices in Austria and 9 country offices in Central and Eastern Europe (CEE): Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Serbia, Slovakia, Slovenia and Romania.
With over 1,000 experts in ten countries, TPA Horwath is one of the leading advisory groups in the region.
Schoenherr was founded in 1950 in Vienna and it has developed to become one of the leading corporate law firms in Austria and CEE. In Romania, Schoenherr started operating in 1996, being at that moment among the first law firms providing legal services at European quality standards.