A draft law prepared by the country’s energy ministry would cut the maximum price for green certificates to €30/MWh from a current €55/MWh.
The maximum price has been the going price and had widely been expected to remain so for the next few years given a certificates shortage.
The legislation would not cut the number of green certificates issued — wind farms are still scheduled to receive two green certificates per megawatt hour of production through 2017 — although it hints this might be reviewed as well, by including a government evaluation stating that 1.5 or even one certificate would be sufficient.
The Romanian Wind Wnergy Association is lobbying the government to withdraw the legislation, which has already had dramatic effects.
"The market is frozen," said Romanian wind energy association director Ionel David. "No one is buying or selling projects, the banks aren’t lending. Even developers with financial support for projects are not going ahead with them."