Romania Renewable Energy Market (2025-2031) | Outlook, Size, Companies, Industry, Analysis, Share, Revenue, Trends, Value, Growth & Forecast

Romania Renewable Energy Market Growth Rate

According to 6Wresearch internal database and industry insights, the Romania Renewable Energy Market is projected to grow at a compound annual growth rate (CAGR) of 8.4% during the forecast period (2025-2031).

Five-Years Growth Trajectory of the Romania Renewable Energy Market with Core Drivers

Below mentioned are the evaluation of year-wise growth rate along with key drivers:

Topics Covered in the Romania Renewable Energy Market Report

The Romania Renewable Energy Market report thoroughly covers the market by technology, and end-user. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high-growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.

Romania Renewable Energy Market Highlights

Romania Renewable Energy Market Synopsis

The Romania Renewable Energy Market is poised for strong growth, driven by rising governmental support for clean energy, increased private sector investments, and the growing demand for sustainable energy solutions. Romania is making significant strides toward achieving EU renewable energy goals, supported by technological progress and favorable policies. The growth of wind and solar projects, especially in rural zones, is enhancing energy capacity while reducing reliance on fossil fuels. However, the integration of renewable energy into the national grid and the widespread adoption of sustainable energy by industries are propelling the market expansion.

Evaluation of Growth Drivers in the Romania Renewable Energy Market

Below mentioned are some growth drivers and their impact on market dynamics:

Romania Renewable Energy Market Synopsis

The Romania Renewable Energy Market is poised for strong growth, driven by rising governmental support for clean energy, increased private sector investments, and the growing demand for sustainable energy solutions. Romania is making significant strides toward achieving EU renewable energy goals, supported by technological progress and favorable policies. The growth of wind and solar projects, especially in rural zones, is enhancing energy capacity while reducing reliance on fossil fuels. However, the integration of renewable energy into the national grid and the widespread adoption of sustainable energy by industries are propelling the market expansion.

Evaluation of Growth Drivers in the Romania Renewable Energy Market

Below mentioned are some growth drivers and their impact on market dynamics:

The Romania Renewable Energy Market is expected to grow significantly with a CAGR of 8.4% during the forecast period of 2025-2031. The Romania Renewable Energy Market Growth is majorly driven by robust and active support from the Government, and incentives to develop renewable energy projects. The Romanian Government has put policies in place to stimulate investments in renewable energy, especially wind and solar energy, and to facilitate the growth of accessible clean energy resources. Combined with growing energy demand from urbanization and industrialization, the push for sustainable energy solutions is further bolstered by technology improvement in wind and solar energy, as well as continued reductions in renewable costs. This advancement in technology and costs are accelerating the growth of renewables markets in Romania.

Evaluation of Restraints in the Romania Renewable Energy Market

Below mentioned are some major restraints and their influence on market dynamics:

Romania Renewable Energy Market Challenges

The Romania Renewable Energy Industry is entitled to growth, facing however key barriers. High capital costs of renewable projects can hamper investment while delays in regulations and cumbersome approval procedures create difficulty. The grid infrastructure also requires improvement to allocate energy efficiently. And competition from established fossil fuel sources might also slow the adoption of renewable technology. These barriers could inhibit the potential of the industry, despite accelerated demand for clean energy solutions and the commitment of the country to abide by renewable energy targets.

Romania Renewable Energy Market Trends

Some major trends contributing to the development of the Romania Renewable Energy Market growth are:

• Increased Investment in Wind and Solar: A rising number of wind and solar projects are being funded by both private and public investors.
• Corporate Sustainability Goals: Corporations are increasingly investing in renewable energy to reach their sustainability goals, creating market expansion opportunities. 
• Technological Innovations: Greater efficiency in wind turbine and solar panel technology results in reducing costs of operation and improving energy production. 
• Rural Development Expansion: The growth of wind and solar projects is expanding to less development areas in Romania, improving access to energy while promoting rural development. 
• Green Energy Purchases: The purchase of green energy is increasing among a wider group of commercial and industrial customers, supporting the demand for clean energy.

Investment Opportunities in the Romania Renewable Energy Market

Here are some investment opportunities in the Romania Renewable Energy Industry:

• Wind Energy Development: Investing in large-scale wind farms and offshore wind projects is vital to meet increasing energy demands.
• Solar Panel Manufacturing: Local solar panel manufacturing provides domestic manufacturing while decreasing reliance on imports and meeting the growing demand for solar energy.
• Energy Storage Solutions: Storage solutions such as batteries provide valuable solutions for renewable energy intermittency and grid stability.
• Distributed Generation: Investing in decentralized renewable energy systems providing residential and commercial applications can help decrease reliance on centralized grids.
• Integrating E-mobility: As renewable energy use grows, integrating e-mobility solutions, such as electric vehicle charging stations using clean energy, provides new opportunities.

Top 5 Leading Players in the Romania Renewable Energy Market

Here are some top companies contributing to Romania Renewable Energy Market Share:

1. Enel Green Power Romania

Enel Green Power is a leading player in the Romanian renewable energy market, focusing on wind and solar power generation, with several operational plants across the country.

2. Siemens Gamesa Renewable Energy

Siemens Gamesa is a global leader in wind turbine manufacturing, with a significant presence in Romania, supplying wind energy solutions to various projects.

3. Iberdrola Renovables

Iberdrola operates numerous renewable energy projects in Romania, particularly in wind energy, contributing to the country’s renewable energy targets.

4. CEZ Group

CEZ Group is a major player in the Romanian renewable energy market, with a focus on wind and solar energy projects across the country.

5. Electrica SA

Electrica is involved in renewable energy projects, particularly solar and wind energy, and is an essential player in Romania transition to clean energy.

Government Regulations Introduced in the Romania Renewable Energy Market

According to Romanian Government data, through initiatives like the Renewable Energy Support Scheme (RES), the Romanian government provides financial support for wind, solar, and hydroelectric projects. Furthermore, the EU Green Deal and the National Energy and Climate Plan (NECP) promote renewable energy investments by establishing ambitious 2030 targets. Romania dedication to EU renewable energy objectives is also fostering the development of renewable energy infrastructure, facilitating the country transition to clean energy.

Future Insights of the Romania Renewable Energy Market

The Renewable Energy Market in Romania is projected to grow significantly over the forecast period. The country has made ambitious renewable energy goals, backed by governmental support, increased investment, and advancements in technology, which will all contribute to continued growth in renewable energy projects. Significant long-term opportunities are available through the increased capacity in wind and solar, as well as from the increased demand for clean energy. Multiple development opportunities are available from both public and private sector actors, as Romania continues to transit to a more sustainable energy future, as well as meet EU renewable energy targets.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Wind Energy to Dominate the Market – By Technology

According to Ritika Kalra, Senior Research Analyst, 6Wresearch, The wind energy segment is expected to dominate the Romania renewable energy market, with large-scale wind farms continuing to be a priority for the country’s renewable energy transition. Romania has vast wind energy potential, particularly in the Dobrogea region, which has been the focal point for many wind energy projects.

Residential to Dominate the Market – By End-User

The residential sector is increasingly adopting renewable energy solutions, such as rooftop solar panels, due to the growing desire for sustainable living and reduced energy costs. As electricity prices rise, many Romanian homeowners are opting for renewable energy solutions to become more self-sufficient and environmentally conscious.

Key attractiveness of the report

• 10 Years Market Numbers
• Historical Data Starting from 2021 to 2024
• Base Year: 2024
• Forecast Data until 2031
• Key Performance Indicators Impacting the Market
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• Romania Renewable Energy Market Outlook
• Market Size of Romania Renewable Energy Market, 2024
• Forecast of Romania Renewable Energy Market, 2031
• Historical Data and Forecast of Romania Renewable Energy Revenues & Volume for the Period 2021 - 2031F
• Romania Renewable Energy Market Trend Evolution
• Romania Renewable Energy Market Drivers and Challenges
• Romania Renewable Energy Price Trends
• Romania Renewable Energy Porter's Five Forces
• Romania Renewable Energy Industry Life Cycle
• Historical Data and Forecast of Romania Renewable Energy Market Revenues & Volume By Technology for the Period 2021 - 2031F
• Historical Data and Forecast of Romania Renewable Energy Market Revenues & Volume By Wind for the Period 2021 - 2031F
• Historical Data and Forecast of Romania Renewable Energy Market Revenues & Volume By Solar for the Period 2021 - 2031F
• Historical Data and Forecast of Romania Renewable Energy Market Revenues & Volume By End-User for the Period 2021 - 2031F
• Historical Data and Forecast of Romania Renewable Energy Market Revenues & Volume By Utilities for the Period 2021 - 2031F
• Historical Data and Forecast of Romania Renewable Energy Market Revenues & Volume By Captive Industrial for the Period 2021 - 2031F
• Historical Data and Forecast of Romania Renewable Energy Market Revenues & Volume By Commercial for the Period 2021 - 2031F
• Historical Data and Forecast of Romania Renewable Energy Market Revenues & Volume By Residential for the Period 2021 - 2031F
• Romania Renewable Energy Import Export Trade Statistics
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By End-User
• Romania Renewable Energy Top Companies Market Share
• Romania Renewable Energy Competitive Benchmarking By Technical and Operational Parameters
• Romania Renewable Energy Company Profiles
• Romania Renewable Energy Key Strategic Recommendations

Market Covered

The report subsequently covers the market by following segments and subsegments:

By Technology

• Wind
• Solar

By End-User

• Utilities
• Captive Industrial
• Commercial
• Residential