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Bulgaria

Bulgaria

Bulgarian RES law could halt wind development

BULGARIA: A new Bulgarian renewable energy law could stop the development of wind and other renewable energy sources in the country, the Bulgarian Wind Energy Association (BWEA) and other renewable energy groups in the country have warned.

The groups are worried about two last-minute amendments made to the legislation, which could receive its final stamp of approval from the Bulgarian government in the next few weeks. 

One amendment would see the feed-in tariff (FIT) level for wind farms and other renewable energy plants being fixed only upon completion of project construction. This could lead to uncertainty on future project income thus hampering potential investment.

A second critical amendment would reduce the length of the FIT for wind farms to twelve years from the 15 years laid out in a previous version of the legislation. 

Bulgaria’s installed wind capacity soared 198 MW to 375 MW, while a number of projects are already in the construction phase for completion this year.

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