Romania: Solar power could exceed energy power plant Cernavoda by 2016

According to National Regulatory Authority for Energy estimates, Romania could reach the level of 1,500 MW solar power by 2016.This capacity would be with 100 MW installed power more than the two reactors of the Cernavoda plant. Each of the two nuclear reactors at Cernavoda power has about 700 MW. After six years Romania still was not able to find investors for another two reactors at Cernavoda due to the uncertainity on investment.

Building reactors 3 and 4 at Cernavoda power plant requires a investment of estimated 4 billion euros. On the other hand, the installation cost for 1 MW of solar panels has dropped in the last two years from 3.5 million to 1.5 million euro so the total investition in 1,500 MW of solar power would cost around around 2,2 billion eur.

Frimu Ghinea
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