about us | newsletter | contact | archive | members area
Bogdan Nitulescu, Tremend
Cryptocurrencies volatility is a big problem»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Transelectrica: Renewable energy projects reach a total capacity of 4,582 MW in end-February

Projects related to the production of energy from renewable sources reached a total capacity of 4,852 MW in end-February 2014, by 170 MW more compared with end-January, according to data revealed by Transelectrica.

2014-04-11 17:20:36

Thus, wind projects operating in the system generated a power of 2,792 MW, photovoltaic parks total capacity stood at 1,149 MW, the micro hydro plants generated 542 MW in total and the biomass-based projects generated a cumulated power of 99 MW.

On January 31, the system installed capacities of renewable energy production totalled 4,412 MW.

Romania made a commitment to have 24 per cent of its gross final energy consumption produced from renewable sources in 2020. However, ANRE announced that this target has already been reached on January 1, 2014. Thus, the mandatory renewable energy target for 2014 remained at 11.1 per cent, the same as last year, compared with 15 per cent, as it was initially supposed to be.

In order to temper the increase of the bills, the government decided on July 1, 2013, to postpone the issuance of some of the green certificates for the 2017-2020 interval.

According to the GEO No 57/2-13, the photovoltaic projects received only four green certificates per MWh, out of the six certificates they received until July 1, 2013. The wind projects benefit of only one of the two certificates they used to receive before the abovementioned date, while the micro power plants receive two out of three certificates.

Moreover, the new projects, to be processed by the system after January 1, 2014, will receive fewer subsidies from the very beginning. According to the Government Decision No 994/2013, as of December 2013, the new photovoltaic parks will only receive half of the subsidies they used to receive before, namely three certificates out of six.

In the case of the wind parks, the number of green certificates will be cut by 0.5 per cent until 2017 and by 0.25 per cent beginning with 2018. Thus, the new investors will benefit of only 1.5 green certificates before 2017 and of 1,75 green certificates after 2018.

Moreover, the micro power plants will receive by 0.7 per cent fewer green certificates per MWh, namely 2,3 green certificates will be available for new plants.

Minister-delegate for Energy, Razvan Nicolescu, last week stated, in an interview he gave to AGERPRES, that the Department for Energy is going to check into the possibility together with the representatives of the industry of introducing a new system of promotion of production of renewable energy, besides the green certificates.

"The mechanism that we have in mind should offer a greater predictability when it comes to revenues. Thus, if the revenues go past the agreed threshold, the beneficiaries, namely the producers of energy based on low-emission technologies will have to give the money back. However, if they stay below the agreed threshold, they will receive help to reach this agreed level. However, at this point, this is just an idea of an alternative system that we are going to discuss," the Minister explained.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  3450 Views
Daily Info
Smart city is not a fad, it's a necessity

In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo...

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"

"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u...

Telekom Romania, a strong supporter of Smart City development in Romania

Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society...

In the industrial era, the fight was for finite material resources. Not anymore

Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e...

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"

Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p...

 
 
   
advertising

advertising

advertising

More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

1 Comment

Revolut gets European banking license

Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has fi...

1 Comment

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...

1 Comment

Dacia receives 115.8 million RON in state aid from the Finance Ministry

The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.

1 Comment

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg

OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP B...