Energy

The energy sector in particular, but also transport and industry, are characterized by a strong need to increase energy efficiency. Reducing energy consumption has become a goal for both residential and industrial consumers, due to the liberalization of the electricity market and investments in the area.

Emerging from the coal age largely involves the creation of smart grids, decentralisation of energy production and also larger storage capacities. Grid losses are still high, as is the industrial and public buildings’ consumption.

Romania aims to have a share of 30.7% of domestic energy consumption in 2030 from renewable resources, the most ambitious target of green energy in Central and Eastern Europe.  However, the increase in production capacity must be integrated into the existing grid, which needs extensions in order to absorb new resources.

Oher target is to reduce greenhouse gas emissions by 55% by 2030

The country’s energy mix is diversified: roughly, hydropower provides 22.11% of the domestic energy production, gas-fired power plants – 21.50%, Cernavodă nuclear power plant – 21.43%, coal-fired power plants – 19.95%, and renewables – 15% .

AHK Romania through its econet romania platform has a rich experience in the field of energy efficiency and renewable energies and regularly carries out various projects in Germany and Romania, as part of the Export Initiative “Energy Solutions-Made in Germany” of the Federal Ministry for Economic Affairs and Climate Action.