Potential Investors for the Implementation of the Romanian National Strategy on PV Systems

Author： Badescu Viorel Iacobescu Flavius

ISSN： 1543-5075

Source： International Journal of Green Energy, Vol.11, Iss.6, 2014-07, pp. : 625-641

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Abstract

The Romanian PV Systems Strategy stated as a target 260 MW installed power by 2020. Here, we discuss the potential of two hypothetical investors (the effective and the distributed) and three more realistic potential investors, i.e. the local administration, the small/medium enterprises (SMEs,) and the large national companies, respectively. From the point of view of evaluating the amount of electrical energy generated, the best strategy is that of the effective investor. However, the best realistic strategy is that of stimulating investments by large companies. The other three strategies give rather comparable (worse) results. The initial investments are similar, in first approximation, for all the five strategies. Without governmental or European subsidies, the project is not economically profitable. In practice, various governmental and European subsidies exist that are different for local administration, SMEs, and national companies, respectively. This makes the strategy based on investments by local administration the most attractive, followed by the strategy based on investments by SMEs. A combination of the three strategies, with focus on local administration, can be recommended for practical implementation.