News

Draft scheme hikes solar power tariffs, cuts others

Published

February 22, 2016

Comments

0

Share

Published:

February 22, 2016

Comments:

0

Share

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

coal-power-generation-eu

Fossil fuels returned as top energy source in EU power generation in 2021

01 July 2022 - Among renewable sources, the biggest increase in 2021 was seen in electricity produced from solar energy, 13%,

Floating wind farm project unites fishermen, investors in Ireland

01 July 2022 - A joint 2 GW floating wind farm project is the first cooperation in the world between the two opposing sectors.

Voltalia breaks ground Albania biggest solar park Western Balkans Karavasta

Voltalia breaks ground in Albania for biggest solar park in Western Balkans

01 July 2022 - The site for the Karavasta solar park spans 196 hectares in Fier county in Albania's west. The planned capacity is 140 MW.

net-loss-eps-q1

Serbia’s power utility EPS posts Q1 net loss of EUR 254 million

30 June 2022 - The state-owned power utility is blaming the poor result on a drop in output, electricity imports, and capped prices for end-consumers