Our research highlights a game-changer: Reintroduction of direct PPAs for renewable energy projects, announced a couple of years ago.
Amid the challenges posed by the Russia-Ukraine war, developers in Romania are now signing long-term PPAs, with average wholesale electricity price ranging around €100/MWh. This has made renewable energy assets in the country highly attractive.
As a result, big players like Iberdrola, BayWa AG, OMV, and Premier Energy Romania are entering the market, acquiring assets from local developers.
A recent notable deal saw Nala Renewables acquire a 61 MWp solar PV project from Monsson Group. This late-stage development project is contracted under a long-term off-take agreement and is set to come online in 2025.
Romania is definitely a market to watch!
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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