Renewables

Incentives stay only for operational wind and solar facilities

Photo: Pixabay

Published

February 27, 2015

Country

Comments

0

Share

Published:

February 27, 2015

Country:

Comments:

0

Share

Bulgaria’s parliament scrapped preferential prices for new renewable energy installations on February 26, as the country is struggling to cut deficits in the energy sector and keep a lid on consumers’ utility bills, Euractiv reported.

Wind power farms and photovoltaic parks mushroomed in 2011, after Bulgaria introduced generous subsidies for renewable energy, guaranteed for 20 years and committed to buy all the energy produced by them. But the incentives have weighed on the power costs in the European Union’s poorest country, which has met its 2020 target for a 16 percent share of renewable energy at the end of 2013. The granted incentives will still be valid for already operational wind and solar energy plants.

The amendments of the energy law, approved by the parliament, also envisioned that the public power provider NEK will not be obliged to buy power at preferential prices from heating power plants that cannot prove energy efficiency.

High utility bills had sparked protests which toppled the government of Prime Minister Boyko Borissov in February 2013.

 

Related Articles

Renera-kicks-off-50-MW-floating-solar-power-project-Romania

Renera kicks off 50 MW floating solar power project in Romania

24 April 2024 - Renera Energy is developing a 50 MW floating photovoltaic project in Romania. It would now probably be the biggest in Europe.

Renewables-Greece-get-shortcut-grid-connection-PPAs

Renewables in Greece get shortcut to grid connection with PPAs

23 April 2024 - Renewables projects in Greece with PPAs with energy-intensive industrial consumers get priority in the transmission grid connection queue

Brite Solar agrisolar panel plant Greece 2024

Brite Solar to complete agrisolar panel plant in Greece by end-2024

23 April 2024 - Greek startup Brite Solar is building a production line in Patras for transparent solar panels for agrivoltaic production

green wolt scotland floating wind farm

Green Volt, world’s largest floating wind project, obtains planning approval

23 April 2024 - The project has now received all its planning approvals and remains on track to be the first commercial-scale offshore wind farm in Europe