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2014 comes with a bad new for Romania: the green certificates are being reduced to half

Green certificates for solar to be reduced

Romanian Government announced the reduction of green certificates

The green certificates will be halved this year for all green energy projects that will be fulfilled after the first month of 2014. This means there will be three certificates per MW since now there are six per MW.

The Romanian government recently reported that it will reduce its support not only for solar PV, but also for wind and hydro energies by bringing down the number of green certificates. This measure is valid from today but is only valid for projects finished in February.

Unfortunately, solar PV is dealing with the biggest cut. This means that projects finished during next month will only get three green certificates per MW, as now they are getting six.

Romania is going with a measuring system for the support of renewables that says that the project developers get green certificates for every megawatt generated for 15 years after commissioning. Power suppliers and industrial users are obliged to purchase certificates based on an annual quota given by the energy regulator. So, the project developers are wining by selling certificates and also by selling electricity.

Still, a new study run by the National Energy Regulatory Authority (ANRE) reveals that renewable power producers get way too many certificates for the generated energy and the investment they make in power plants is too small. So, the Romanian government was advised to cut the number of certificates per quota.

By these means, the Romanian government requested its efforts to be a struggle to minimize the effects of electricity high prices for households and industry.

The new contribution cuts, starting tomorrow, will have a purpose of obtaining a green certificate suspension approved in June by which the ministry ceases two out of six green certificates granted to PV energy producers per MWh put into the grid. These plans, however, will not be concerned in tomorrow’s policy.

Yet, the latest government policy is being regarded by many critics to be an attempt to put cuts in the investment flow into PV and other renewable techs, which have topped the initial national targets set by the energy manager bestowing to the country’s EU engagements.

Roxana MORARU

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Posted by on Jan 1 2014. Filed under _featured slider, Energy Market, Europe, Market News, Solar PhotoVoltaics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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