Draft scheme hikes solar power tariffs, cuts others


February 22, 2016





February 22, 2016




The support plan for renewable energy sources was prepared to be sent to the European Commission’s Directorate-General for Competition, after which public consultations are to be launched, Energy Press reported. The scheme is based on feed-in premiums paired with tenders, along the European Union’s guidelines.

Upper limits are to be determined for feed-in for all segments before tendering for specific capacities. The selection will be based on the level of preparedness for prices under the limit. Quite obviously, the level of the feed-in premiums to be set will play a crucial role in the new model, the article said. Investors need incentives, but there are limits in the special account. Energy Press learned the energy ministry  considers an Internal Rate of Return (IRR) between 8% and 12%.

In this version, upper limit for wind power plants should fall to EUR 98 per MWh, while a drop to EUR 100 per MWh is expected for small hydropower plants, the article said. A rise to EUR 90 would be set for photovoltaic systems with over 500 kW while smaller ones will remain in fixed feed-in tariff regime.

Information on the plan was met with positive reactions in the sector of photovoltaics, while investors in wind and small hydropower firms don’t see sustainable investments without significant power potential in their segment.

Related Articles

Wind turbines on the sea.

Ørsted issues blue bonds, vows to recycle solar panels, wind turbines

09 June 2023 - Danish renewable energy giant Ørsted said it would invest EUR 64 billion to achieve 50 GW in installed capacity by 2030

Federation of BiH to invest USD 70 million in air quality improvement sarajevo

Federation of BiH to invest USD 70 million in air quality improvement

09 June 2023 - The World Bank has approved a USD 50 million loan to the Federation of Bosnia and Herzegovina

Romania financial support nuclear power projects Cernavoda 3 4

Romania pledges financial support for nuclear power projects Cernavodă 3, 4

09 June 2023 - The Romanian Government is backing state-owned Nuclearelectrica in the project for units 3 and 4 in the Cernavodă nuclear power plant

EU modernization fund Bulgaria Croatia Romania

EU pays out EUR 1.4 billion to Bulgaria, Croatia, Romania for green transition

09 June 2023 - The European Union's Modernization Fund has paid out EUR 2.4 billion for the seven member states, which is the joint largest disbursement