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

Solida Construction work Croatia first agrisolar power plant

Construction work begins on Croatia’s first agrisolar power plant

06 June 2023 - Solar power developer Solida is pioneering the application of the agrivoltaic-agrisolar concept in Croatia

Hristov Bulgaria Black Sea power interconnection

Hristov: Bulgaria joins Black Sea power interconnection project

06 June 2023 - Bulgaria will participate in the strategic partnership for the installation of a submarine cable under the Black Sea


Serbia adopts wind, solar power auction plan

06 June 2023 - Serbia's auction plan reveals that competitive procedures are envisaged for an overall 1.3 GW in wind and solar power through March 2025

CAN Europe Western Balkan contries in preparing NECP national energy climate plan

CAN Europe: Western Balkans took little to no action in preparing NECPs

05 June 2023 - In 2021, the obligation to adopt NECPs was postponed until 2024 at the latest while the deadline for delivering drafts is June 30, 2023