News

Investors want to block new green energy projects

Published

July 29, 2015

Comments

0

Share

Published:

July 29, 2015

Comments:

0

Share

Investors in the renewable energy sector asked the government to temporarily suspend the accreditations for new renewable energy plants, Romania Insider reports.

In an open letter sent to prime minister Victor Ponta, energy minister Andrei Dominic Gerea and energy authority ANRE, four renewable energy producers’ organizations have asked for urgent measures in order to avoid the industry’s collapse. They requested the state to increase the share of the renewable energy in the national energy mix. The government had reduced it for captive consumers from 17% to 12.5% in 2014 and has kept it at that level in 2015, the report said.

The reduction generated a surplus of green certificates, “which are now papers without value,” according to the producers’ associations. Romanian authorities avoid doing what all other governments did in similar situations, which is to suspend the access to the support scheme for the new projects until viable solutions are found, producers say, as reported on Romania-insider.com.

In 2013, Romania introduced retroactive regulatory changes that fundamentally changed the economics for existing installations. Mandatory acquisition quotas for tradable green certificates –defined by law till 2020 – were slashed drastically.

Related Articles

OMV Petrom sustainable fuels green hydrogen Romania

OMV Petrom to produce sustainable fuels, green hydrogen in Romania

19 June 2024 - The Petrobrazi refinery will become the first major producer of sustainable fuels in Southeast Europe, OMV Petrom said

DTEK subsidiary DRI buys 126 MW solar power project Romania

DTEK’s subsidiary DRI buys 126 MW solar power project in Romania

19 June 2024 - Renewable energy company DRI acquired its third project in Romania. The Văcărești solar farm is planned to have 126 MW in capacity.

iberdrola-hybrid-wind-hydro-portugal

Iberdrola plans Portugal’s first wind-hydro hybrid power project

18 June 2024 - A 274 MW wind farm will be linked to the Tâmega hydropower complex in Portugal's biggest hybrid energy project, says Iberdrola

baltic-sea-subsea-interconnector-sweden-germany

Sweden opts against subsea interconnector with Germany over power price concerns

18 June 2024 - The Hansa PowerBridge subsea interconnector would have facilitated renewable electricity transmission from Scandinavia to Germany