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Draft scheme hikes solar power tariffs, cuts others

Published

February 22, 2016

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Published:

February 22, 2016

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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.

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