Revista OEconomica

Tudor Constantin BĂLAN - Cycles of Freedom: Are Our Rights Today Permanently Secured, or Are We in a Transitional Phase? The Cases of Great Britain, the United States, and Russia

Marius-Cristian PANĂ, Adela BĂLAN - Economic Freedom and Prosperity: A Comparative Analysis of Welfare Determinants at the International Level

Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Cătălin MURARAŞU

Academia de Studii Economice din Bucureşti

The research investigates the viability of developing offshore wind farms in the European Area of the Black Sea region. Moreover, the analysis highlights that renewable energy could be a strategic advantage for the developing Pontic states and potentially enhance their economic cooperation. The study conducts a comprehensive analysis of wind speed, direction, and consistency at eight sites along the Black Sea offshore areas of Romania, Bulgaria, and Turkey. Furthermore, it assesses the economic viability of four commercially available offshore wind turbines by calculating their levelized cost of energy (LCOE). The results of the analysis show that the production of renewable energy in the Black Sea offshore area is economically comparable to that of the most profitable areas in Europe. The article also offers some recommendations for national authorities – responsible for improving legislative frameworks and developing transport infrastructure – and economic operators interested in investing in such projects.

ŒCONOMICA no. 1/2025

Keywords: renewable energy, wind power, offshore, Black Sea, security, levelized cost of energy

JEL: O13, P18, P48, Q42

Offshore Renewable Energy in the Black Sea: Emerging Opportunities and Challenges

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