Renewable energy sector

An Expert's View about Energy in Romania

Posted on: 26 May 2012

Romania’s Renewable Energy Strategy is based on the promise that renewable energy sources will deliver an increase in energy independence .

Renewable energy sector in Romania Multiple opportunities for UK companies based around upgrading of Romanian grid, development of co- generation plants, and developing renewable sources. Market overview Romania’s Renewable Energy Strategy is based on the promise that renewable energy sources will deliver an increase in energy independence from fossil fuels and in security of energy supply, while reducing the energy price risk. Based on the meteorological and geographical features of Romania, the Renewable Energy Strategy identified several renewable resources, which would ensure medium and long-term energy: solar, wind, small and large hydro, biomass and geothermal energy. The raw energy supplied from renewable resources reached 1.2 TW4h. Key opportunities ξ Rehabilitation and upgrading of the national power grid in order to integrate the energy resulted from renewable sources; ξ Rehabilitation, upgrading and modernisation of obsolete coal and gas-fired power and thermal plants, as well as hydropower plants; ξ Environmentally compliant extensions of power and thermal plants and of hydropower plants; transformation into co-generation plants; ξ Ensuring the independence of energy consumption for the Romanian national economy; ξ Getica CCS Project; ξ Romania’s efficient participation in the European “Green Certificates” market, designed for renewable energy; ξ Supply of consultancy and technology/ equipment for small, household based renewable projects; ξ Supply of construction materials and technology suitable for projects supporting energy efficiency for buildings; ξ Supply of know-how, technology and equipment for solar, wind, biomass, biogas, geothermal and waste-to-energy projects. Latest export opportunities – Renewable Energy Latest export opportunities – Romania Getting into the market Much will depend on the nature of your business e.g. trading, manufacturing or representative, and whether you are aiming at the domestic or the export market. Setting up a representative office is straightforward, but activities are limited to marketing and auxiliary services on behalf of the parent company. Other permitted business presences are limited liability joint stock companies, branch offices and joint venture partnerships. It is often useful to have a local partner to deal with local bureaucracy. For those entering the Romanian market for the first time, appointing a local representative is the most sensible initial approach. Selection of a potential distributor/agent can be facilitated through a service commissioned from the British Embassy. If an agency agreement is to be signed, a competent local lawyer should be consulted. The British Embassy's Trade & Investment Section (Tel: 00 4021 201 7200) can provide details. More about doing business in Romania Contacts Market intelligence is critical when doing business overseas, and UKTI can provide bespoke market research and support during overseas visits though our chargeable Overseas Market Introduction Service (OMIS). To commission research or for general advice about the market, get in touch with our specialists in country - or contact your local international trade team. ξ Raluca Tudor, British Embassy Bucharest, tel: +40 (0)21 201 73 68 or email: ξ Luiza Craciun, British Embassy Bucharest, tel: +40 (0)21 201 72 60 or email: Contact your local international trade team UKTI Events UKTI runs a range of events for exporters, including seminars in the UK, trade missions to overseas markets and support for attendance at overseas trade shows. Renexpo November 2012 Romenvirotec Spring 2013 Latest events – Renewable Energy Useful links More about OMIS and other UKTI services for exporters
Posted: 26 May 2012

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