EC approves Romanian green certificates

ROMANIA: The European Commission has finally given clearance for Romania’s delayed green certificate scheme aimed at incentivising wind energy investment.

The scheme sees wind energy producers get two green certificates per MWh of electricity produced up to 2017, after which one certificate per MWh will be awarded.

Dana Duica, executive director of the Romanian Wind Energy Association (RWEA) said: "With the approval from the EC, investors are now more comfortable" said "The mood is generally positive although we had expected things to move a bit faster."

Romania can now establish a "reasonable profitability rate" for each renewable energy technology. For wind this amounts to an internal rate of return of 10.9%.

Romania’s green certificates trade in a range of €27- €55/MWh, to be adjusted annually taking into account the euro inflation rate, and are issued for 15 years.

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