WIND ENERGY IN THE EU: HOW DOES ROMANIA FARE?
On a global scale, renewable energy is the world’s fastest-growing energy source. The contribution of wind energy, in particular, has increased rapidly over the past decade. The European Union (EU) specifically is a forerunner in the field of wind energy. However, low demand growth for electricity...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2017-06-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2017-03/10_NICOLAE%20MARINESCU.pdf |
| Summary: | On a global scale, renewable energy is the world’s fastest-growing energy source. The contribution of wind
energy, in particular, has increased rapidly over the past decade. The European Union (EU) specifically is a
forerunner in the field of wind energy. However, low demand growth for electricity and a difficult economic situation
raise doubts about the efficiency of future investments. To many observers outside the electricity industry, wind looks
extremely attractive. Yet, despite the apparent “free” nature of the source, wind is still very expensive, primarily due to
the high investment costs relative to the electricity generated. The main aim of this paper is to investigate how does
Romania’s energy sector fare compared to other EU member states, with a focus on wind energy. The analysis reveals
a fairly balanced energy mix and a high independence of the country in terms of imports. However, Romania suffers
from a weak coordination between the different public bodies, especially in areas such as environmental protection and
energy efficiency. There is also a clash of interests between wind energy producers and traditional producers. Based
on the results of the analysis of the wind energy sector in Romania, a series of recommendations for policymakers are
formulated.
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| ISSN: | 1844-7007 1844-7007 |