Romania Solar Energy Market: Market Size & Forecast 2026

Romania's solar energy market sits within the broader Central and Eastern European renewables push, with installed solar capacity reaching over 7 GW in the mid-2020s and projected to grow to approximately 7.78 GW by 2026. The market is segmented by technology into solar photovoltaic (PV) and concentrated solar power (CSP), and by grid type into on-grid and off-grid systems. PV dominates the technology mix due to declining capital costs and favorable regulatory frameworks, while CSP remains a minor contributor in the Romanian context.

• •Installed solar capacity exceeded 7 GW in the 2025-2026 period, with projections near 7.78 GW by year-end 2026
• •Market valued at approximately $89 million in 2026, reflecting an 18.5% year-on-year growth trajectory
• •Technology split is heavily weighted toward solar PV, with CSP representing a small share of the overall market

The primary growth engine is Romania's national pledge to deploy approximately 8.3 GW of new renewable energy capacity by 2030, a target embedded in the country's National Recovery and Resilience Plan. EU-level climate targets and the European Green Deal create additional upward pressure on solar deployment across member states. Falling equipment costs, improving financing conditions, and rising wholesale electricity prices have collectively enhanced the economic case for solar investments in Romania.

• •National commitment of ~8.3 GW new renewable capacity by 2030 underpins long-term project pipelines
• •EU climate policy frameworks and Romania's Green Deal obligations drive regulatory and funding support
• •Declining PV module costs combined with elevated power prices have improved project-level returns

The market is formally segmented by technology, solar photovoltaic and concentrated solar power, and by grid type, split between on-grid systems connected to the national transmission network and off-grid standalone installations. PV projects are concentrated in southern and eastern Romania, where solar irradiation levels are highest and land availability is favorable. On-grid systems overwhelmingly dominate new installations, as off-grid solutions remain limited to remote or industrial applications.

• •Solar PV holds the vast majority of capacity; CSP remains a niche segment in the Romanian market
• •On-grid systems account for the dominant share of new deployments connected to TSO and DSO networks
• •Projects cluster in high-irradiation regions of southern and eastern Romania with available land parcels

Who are the notable companies in the industry?

**Competitive Landscape** The Romanian solar market is moderately fragmented, with project development and ownership spread across domestic independent power producers, regional energy companies, and infrastructure investors. Competition is shaped by a mix of vertically integrated developers that build and operate assets and specialty firms focused on specific stages of the project lifecycle. Among the active participants, Sunshine Solar Energy SRL operates as a domestic EPC and project developer serving the local market, while Danagroup.hu contributes regional procurement and supply capabilities. Amerisolar AP functions as a module supplier providing crystalline PV technology to Romanian projects. Enel Green Power SpA extends its European renewable portfolio into Romania through its local subsidiary Enel Green Power Romania, which owns and operates generation assets in the country. Photon Energy Group is positioned as an integrated solar developer with operations spanning project development, construction, and power generation across Central and Eastern Europe. Monsson Group operates as a Romanian developer active in renewable project development and trading, and Nofar Energy Romania represents the Romanian arm of Nofar Energy's international solar IPP activities. Together, these firms illustrate the blend of local developers, multinational utilities, and technology suppliers competing in the market.

• •Market shows moderate fragmentation with participation from independent developers, regional utilities, and infrastructure funds
• •Value chain includes integrated players covering development-to-operation and specialty developers focused on project origination or asset management
• •Capacity is geographically concentrated in southern and eastern regions aligned with grid infrastructure and solar resource quality

What are the recent trends and outlook?

The market is expected to sustain its 18.5% CAGR trajectory through the early 2030s as Romania advances toward its 2030 renewable targets. Hybrid renewable projects combining solar with battery storage are gaining attention as grid stability requirements tighten alongside increasing variable renewable penetration. Continued EU funding access, streamlined permitting under updated national legislation, and growing corporate power purchase agreement (PPA) activity are likely to sustain investment momentum.

• •Projected to maintain an 18.5% CAGR through the forecast horizon toward 2031 as capacity targets are pursued
• •Solar-plus-storage and hybrid project configurations are emerging as a significant trend to address grid integration challenges
• •Corporate PPA demand and EU funding mechanisms are expected to underpin private investment flows through the decade