Solar PV park developers file for arbitration against Romania

Photo: Pexels


June 19, 2018






June 19, 2018





Ten developers of solar photovoltaic (PV) parks have filed for arbitration proceedings before the International Centre for Settlement of Investment Disputes (ICSID) against Romania over the state’s changes to the renewables subsidy scheme.

The companies that filed the request are claiming Romania broke the Energy Charter Treaty by cutting the subsidies, which are approved as green certificates paid for by the consumers, Romania Insider reported, citing

The companies in question – which either have or have been involved in projects to develop solar parks in Romania – are LSG Building Solutions GmbH (Austrian), Pressburg UK GmbH (German), Green Source Consulting GmbH (Austrian), Solluce Romania 1 B.V. (Dutch), Risen Energy Solar Project GmbH (German), Core Value Investments GmbH & Co KG Gamma (German), Core Value Capital GmbH (Austrian), SC LJG Green Source Energy Beta SRL (Romanian), Anina Pro Invest Ltd (Cypriot), and Giust Ltd (Cypriot).

Solluce Romania 1, which is controlled by South Korean group Samsung, together with LSG Green Source Energy Beta and LSG Building Solutions, have been involved in developing a 45 MW solar park in the Giurgiu county, which is now operational, according to the report.

Parliamentary committee proposes remedy

Recently, the Industry and Services Committee of the Romanian parliament’s Chamber of Deputies has proposed increasing the number of green certificates for PV electricity producers starting in 2021, Romania Insider reported, citing

PV electricity producers originally received six green certificates, but the Romanian government decided in 2012 to cut the number to four and push back the rest to 2017. Later, the government again delayed the remaining two green certificates, to the end of 2024, and proposed they should be granted in equal monthly tranches between 2025 and 2030, the report recalled.

The Industry and Services Committee has now proposed for PV electricity producers to start receiving the delayed green certificates, and investors could now get seven green certificates for each MWh instead of four, from 2021. The deputies also proposed that the value of green certificate included in the final clients’ bills should grow gradually from EUR 11 per MWh to EUR 14.5 per MWh by 2022, according to the report.

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

Solar power generation to increase ten times in Montenegro energy balance

Solar power generation to increase tenfold in Montenegro next year

25 November 2022 - According to the estimate in the Energy Balance of Montenegro for 2023, electricity production will drop 12.63% this year

Austria can reach 1,2 GW with additional solar in 2022

Austria set to add over 1 GW in solar power in 2022

25 November 2022 - Austria is on track to install more than 1 GW in photovoltaics this year and as much as 1.5 GW every year

Albania applications solar power 151 MW

Albania receives applications for solar power projects of 151 MW in total

25 November 2022 - Applications for solar power projects sent to the Ministry of Infrastructure and Energy of Albania include one of the largest ones so far, for 93 MW

coal phaseout see region iea

Coal phaseout in SEE: countries have made pledges, but some are still silent

24 November 2022 - The list of 40 countries with the largest shares of coal-fired power plants in electricity production includes eight in this region