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Energies 2017, 10(6), 759;

Optimizing the Renewable Energy Potential: Myth or Future Trend in Romania

Faculty of Banking and Finance, Accountancy and Business Administration, Titu Maiorescu University, Calea Vacaresti Street, No. 189, Bucharest 040051, Romania
Faculty of Economic Sciences, Valahia University, Carol I Bvd, No. 2, Targoviste 130024, Romania
Faculty of Management in Production and Transports, Politehnica University of Timisoara, Remus Street, No. 14, Timisoara 300289, Romania
Author to whom correspondence should be addressed.
Academic Editor: Hua Li
Received: 9 March 2017 / Revised: 10 May 2017 / Accepted: 25 May 2017 / Published: 29 May 2017
(This article belongs to the Special Issue Sustainable and Renewable Energy Systems)
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This paper investigates the potential of Romanian renewable energy across energy production and consumption definitions. Moreover, it presents a model that estimates the regional evolution of renewable energy diffusion, focusing primarily on hydro energy. Statistics showed that Romanian consumers have a key role in developing the renewable energy market, while it is also very important to ensure the ability of renewable energy suppliers to accommodate this demand. Sample data and econometric analysis were applied to delineate factors influencing Romanian consumers’ awareness about renewable energy. The findings highlighted a strong connection between those who bear the cost of renewable energy development and the actual beneficiaries of a clean environment; in that sense, they identify the major drivers and barriers for renewable energy diffusion in Romania. The results of this research could be used for further research in the area of implementing renewable energy projects in the region. View Full-Text
Keywords: renewable energy; sustainable development; energy policies; clean environment renewable energy; sustainable development; energy policies; clean environment

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Oncioiu, I.; Petrescu, A.G.; Grecu, E.; Petrescu, M. Optimizing the Renewable Energy Potential: Myth or Future Trend in Romania. Energies 2017, 10, 759.

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