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The Advantages of a Wind Farm in Romania

Published: Thursday, January 6, 2022

Romania  is  currently  rated  as  one  of  the  best  countries  in  Europe  for  buying  a  wind  farm,  especially  since  it  has  one  of  the  highest  rates  of  wind  energy  generation  in  Europe.  The  country  has  abundant  sun  and  wind  resources  and  a  history  of  renewable  energy  development  with  wind  farms  leading  the  way.  Furthermore,  the  government  is  committed  to  saving  natural  resources  and  meeting  its  climate  change  goals.

Romania's  focus  on  renewable  energy  has  allowed  it  to  reduce  its  carbon  footprint  by  more  than  50%  since  1990.  This  makes  it  a  great  place  for  new  wind  farms  and  other  renewables,  such  as  solar  panels  or  geothermal  energy.

Romania's  wind  farms  are  an  economical,  ecological  and  social  engine.

The  country  has  a  lot  of  wind  resources,  and  this,  together  with  other  renewable  energy  sources,  has  led  to  the  development  of  five  major  types  of  renewable  energy  source  in  Romania,  but  particularly  wind  power  plants. 

These  include:

-  onshore  wind  turbines

-  offshore  wind  turbines

-  rooftops  solar  photovoltaic  systems  (rooftop  solar  farms)

-  combined  heat  and  power  generation  with  an  electric  generator  and  a  turbine  (CHP)  systems

-  small  hydroelectric  plants  with  a  capacity  of  less  than  10  MW

What  are  the  benefits  of  buying  a  wind  farm  in  Romania?

Romania  is  a  good  country  to  buy  a  wind  farm.  Although  Romania  does  not  have  as  many  wind  farms  as  other  countries,  the  country  has  a  lot  of  potential  for  generating  electricity  from  the  wind.  It  has  an  average  wind  speed  of  16.8  m/s,  and  10%  of  its  surface  is  covered  with  fields  that  can  allow  the  generation  of  electricity  from  the  wind.

The  benefits  of  buying  a  wind  farm  in  Romania  include  renewable  energy  certificates  and  an  attractive  tax  system  that  encourages  investment  in  renewable  energy  and  low  carbon  technologies.

The  country,  as  mentioned,  has  ample  wind  resources  and  is  one  of  the  few  countries  that  currently  produces  more  electricity  than  it  consumes.  The  benefits  further  include  lower  electricity  rates  and  incentives  and  access  to  public  funds  for  investment.

Buying  wind  farms  in  Romania  can  be  a  challenging  process.  The  process  involves  multiple  steps  from  getting  approval  from  the  Ministry  of  Environment  and  Water  Management,  dealing  with  the  Romanian  Anti-Monopoly  Agency  and  conducting  an  energy  audit.

The  Romanian  Wind  Energy  Law  that  was  adopted  in  2007  sets  out  the  framework  for  investors'  purchase  and  sale  of  wind  farms.   To  invest  in  this  sector,  you  should  be  eligible  for  an  investor's  licence  and  have  other  financial  resources  available  to  cover  most  of  the  investment  costs  if  you  are  buying  an  existing  wind  farm.    

If,  instead  of  buying  an  existing  project  you  wish  to  start  a  new  project,  then  the  first  step  is  to  get  the  Ministry  of  Environment  and  Water  Management  approval  for  your  project.  You  need  to  submit  a  project  plan,  environmental  impact  assessment  (EIA),  permit  application  for  construction  works,  and  operating  permits  for  renewable  energy  production.  You  also  need  to  conduct  an  energy  audit  by  an  accredited  company  before  applying  for  a  permit  application.

Conclusion:  

Romania  is  a  country  that  has  seen  significant  progress  in  renewable  energy  over  the  past  few  years.  The  government  has  been  investing  heavily  in  green  power,  which  has  allowed  it  to  reduce  its  carbon  footprint  and  become  less  dependent  on  natural  resources.  Romania  is  now  one  of  the  leading  countries  in  Europe  when  it  comes  to  renewable  energy.

Nicholas Hammond
Hammond-Partnership
Country:
Romania
Practice Area:
Commercial
Website:
Phone Number:
004021 589 7892
Fax:
0040 215 897360
Nicholas is an experienced and well known English commercial lawyer based in Bucharest. He started his carrier in London and was the managing partner of the law firm Hicks Arnold before moving to Romania. As head of Hicks Arnold he opened the office in Romania and subsequently worked for Taylor Joynson as head of their Bucharest office. After leaving them he set up Hammond and Associates, now Hammond-partnership as an independent law firm based in Bucharest. His wide knowledge of international law and its application in Romania has enabled him to act for a wide range of clients from major aircraft manufacturers, banks and fiancé institutions as well as private investors. His experience in commercial law is extensive and he is able to counsel clients in many fields.

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