In early March, the association of renewable energy producers in Romania (PATRES) issued a statement in which it warns that projects for the production of energy from renewable sources (RES) are struggling to produce revenues, while some of them could even file for insolvency.
According to data by the Romanian electricity transmission system operator Transelectrica, total installed capacity in renewable energy in Romania has reached 5,163 MW at the end of the first quarter of 2016. The installed capacity has increased from 5,142 MW recorded at the end of 2015.
Wind farms were accounted for 3,129 MW, solar power plants for 1,343 MW, small hydropower plants had total installed capacity of 588 MW, while biomass and biogas power plants had 103 MW of installed power.
For 2016, the Romanian Government approved that the share of renewable energy in the country’s total consumption should be 12.15 %, even though the law prescribed 17 % share. This mandatory share in 2015 was 10.8 %. The Government explained that in case the waiver agreements issued in 2015 and 2016 are taken into account, the impact of green certificates on end consumer’ electricity bill could be about 9.63 euros/MWh.
However in early March, the association of renewable energy producers in Romania (PATRES) issued a statement in which it warns that projects for the production of energy from renewable sources (RES) are struggling to produce revenues, while some of them could even file for insolvency.
PATRES said that RES producers are affected by a major increase of balancing costs, the increase of trade tax and other taxes, and therefore reached a stage in which they support their RES projects with revenues from other business ventures. The association warned that about 30 % of RES producers risk bankruptcy or insolvency in this year, transmits Serbia-energy.eu
