Key Market Indicators
Romania's solar capacity is projected to reach 1,520 megawatts by 2028, up from 1,430 megawatts in 2023. This marks an annual growth rate of 0.9%. Since 2013, the country's solar supply has increased by an average of 0.7% each year. In 2023, Romania ranked 20th globally in solar capacity, with Russia surpassing it with an identical 1,430 megawatts. The top positions in this ranking were held by the Netherlands, Italy, and Spain respectively. Romania's solar energy consumption is expected to climb to 0.02 exajoules by 2028, maintaining the same level from 2023. The annual growth rate for consumption is forecasted at 3.9%. Since 2018, the country's solar energy demand has risen by 1.2% each year. In 2023, Romania also ranked 20th in solar energy consumption, with Denmark slightly ahead at 0.02 exajoules. Spain, Italy, and France took the second, third, and fourth spots in this category.
