Romania: Unlocking the winds of the Black Sea

Romania is one of many markets in Europe that currently has no offshore wind capacity installed, but whose government is taking steps to enable local offshore wind developments. In October 2020, the Romanian Senate adopted a “Draft Law on the necessary measures for carrying out operations for the exploitation of offshore wind energy." This insight takes a closer look at the market potential by answering the following questions: - What is the demand for renewable energy build-out in Romania? - Is there a clear renewable energy roadmap and political vision in Romania? - What is the level of remuneration for offshore wind projects in Romania? Also, the insight explores the wider potential and activities in pre-emerging offshore markets in Europe.