Renewables

New law on renewables acceptable, still room for improvement  

Photo: Pixabay

Published

November 30, 2016

Country

Comments

0

Share

Published:

November 30, 2016

Country:

Comments:

0

Share

The Association for Wind Energy (RWEA) welcomed the decision of the Romanian Government to change the Law which sets the support system for the production of energy from renewables.

According to RWEA, a series of legislative changes introduced since 2013 have affected the support scheme for energy producers in the renewables industry and a new set of changes is a rational decision, Energynomics.ro reports.

The proposed draft bill aims at finding a reasonable compromise between ensuring the financial performance of the producers and minimizing the impact on end consumers, both households and industrial users, the RWEA officials claim.

Although the amendments proposed by the Government do not eliminate the producers’ risk entirely, in RWEA they hope that the current draft emergency ordinance will be adopted without further changes that could once again affect the producers of energy from renewable sources.

RWEA also welcomes the fact that the minimum price of green certificates will be kept by new legislative changes just as they were at the time of investments because the producers’ business plans were based on it. In addition, the draft defines and secures a number of green certificates which can be purchased each year, prolongs the life of certificates and introduces the mechanisms for transparent and fair trading for all participants in the market.

“The association cannot accept additional losses over those imposed by the current legislation or other measures that would lead to new retroactive financial losses,” the press release published by RWEA reads.

The financial studies conducted by independent advisors show that the wind industry has been most affected by the retroactive measures imposed by the law changes in 2013 and 2014 and that the loss was nearly EUR 1 billion at the end of 2015, which is one-fifth of the total investments in wind energy.

On the other hand, the Employers’ Organization of Producers of Renewable Energy in Romania (PATRES) has protested recently claiming that the law changes proposed by the Ministry of Energy are not in favour of small producers.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Belgrade's Climate Week concluded with the Friends of Good Energy event

Friends of Good Energy event in Belgrade concludes Climate Week

26 September 2023 - The Friends of Good Energy event was held on September 23 at the Belgrade Fortress – Kalemegdan, concluding Climate Week in Serbia

LEITWIND LTW42 250 kW, the third wind turbine installed in the entire state of Slovenia

LEITWIND LTW42 250 kW, the third wind turbine installed in the entire state of Slovenia

26 September 2023 - This month marked the completion of the installation of the first LEITWIND LTW42 250 kW turbine in Razdrto, a village in the municipality of Postojna, Slovenia

Biggest solar power plant Western Balkans completed Novaci North Macedonia

Biggest solar power plant in Western Balkans completed in Novaci in North Macedonia

26 September 2023 - Mey Energy said it commission a 55 MW photovoltaic facility in Novaci in North Macedonia before the end of the month

WISE Serbia Women leaders of energy transition myth reality

WISE Serbia: Women leaders of energy transition are no myth but reality

25 September 2023 - The conference Women of Serbia in Sustainable Energy – Leadership for the Energy Transition was organized by the WISE Serbia women's network