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Taxation and renewables come under close scrutiny

The amendments to the Law on promotion of electricity from RFS, which postponed the payment of some green certificates for hydro, solar and wind farms, generated instability in the renewable market. In order to reconcile the initial support offered to investors with Romania's real capacity to pay, the authorities may come up with a correction mechanism in the form of taxation. The Diplomat-Bucharest analyzed how the existing tax r

2014-02-02 19:23:51 - From the Print Edition

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In order to meet the strategic objectives set by the European Union, namely that renewable energy should account for 24 percent of gross final energy consumption by 2020, the Romanian authorities adopted a major support scheme to stimulate investments, adapted for each type renewable energy technology.

A year and a half after the application of the law, the Romanian authorities realized that the support scheme was far too generous for Romania's real capacity to pay, and decided to c...

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