An empirical analysis of the projects aiming sustainable energy development (SED) in Romania

The paper provides a comprehensive analysis of the projects aiming the use of renewable energy sources (RES) in Romania, taking into account both the convertible energy potential of this country, as well as the requirements for meeting European Union sustainable energy development targets by 2020. We analyze the current state of renewable energy production facilities in Romania, in correlation with the data collected from 89 energy projects financed through the Operational Sectoral Program Increase of Economic Competitiveness since 2007 until 2013, more than a half of them aiming the development of new RES energy facilities. We also analyze the data quantifying the efficiency of specific investments in renewable energy, in comparison with EU average statistical data and provide some concluding remarks about the difficulties faced by investors during project implementation, given the particularities of the country related with this field.