Romania boosts solar capacity to 1,620 MW via EU funds; Spain leads with solar power dominance.
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Romania plans to install 1,620 MW of photovoltaic capacity in 2024, more than triple last year’s amount, driven by European funding, though this is far from Spain where solar panels cover three-quarters of national peak energy demand. The country will also add 251 MW of wind power, making up 13.4% of the combined solar and wind total. Future installations are planned through the Modernization Fund until December 2026, with additional capacity to be added by SMEs and HoReCa sectors in 2025 via ElectricUp. The European Commission has provided significant funding for Romanian energy projects, including a new €3 billion financing scheme for photovoltaic and wind projects that will establish guaranteed electricity prices for 15 years through Contracts for Difference (CfD). By 2030, renewable sources are projected to account for 37% of final gross energy consumption, with planned additions of 4,900 MW in solar and 4,600 MW in wind. Currently, renewables constitute 65% of Romania’s installed electricity generation capacity. In Bulgaria, renewable capacities exceed nuclear and coal, with solar at 21.7%, but still represent a small fraction of total gross energy production compared to nuclear and coal. Spain has seen photovoltaic energy become the primary source of electricity generation in May 2024, satisfying three-quarters of demand during peak hours due to massive expansion of this technology.
