In 2012, Romania will have an installed solar power capacity of 50-100 MW, energy regulator ANRE representative Zoltan Nagy told a news conference Monday. The country’s installed solar power might increase to 500-1,000 MW in 2013 and to 1,500 MW by 2016, he added.
Costs to produce 1 MW of solar power have decreased over the past two years from EUR3.5 million to EUR1.5 million. Investments to generate 1,500 MW of solar power might reach EUR2.2 billion.
The Cernavoda nuclear power plant currently operates two reactors of 700 megawatts power each and covers around 18% of Romania’s electricity production.
Romania has recently extended until December 2013 an investment agreement for the construction of two new nuclear reactors in a bid to attract additional funds. The two new reactors are expected to double the plant’s capacity. Overall costs for the project were estimated at EUR4 billion.