Bulgaria ends wind incentives

BULGARIA: The Bulgarian parliament has put an end to incentive prices for new wind farms as it seeks to cut energy sector deficits and contain power prices in the EU's poorest member state.

Enel's Shabla wind farm in Bulgaria
Enel's Shabla wind farm in Bulgaria

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Parliament shelved the incentives in an amendment to the energy act, which is expected to take effect in the next few weeks. Operational wind farms will continue to receive incentive prices.

It will affect most other renewable energy installations in Bulgaria.

The backdrop for developing wind farms in Bulgaria has been glum for the past few years, with less than 10MW in new capacity commissioned in both 2013 and 2014.

Scores of developers have terminated or at least put on hold projects amid an increasingly unfavourable market framework for wind power plants.

Bulgaria has already reached its 2020 target to source 16% of energy to renewable sources. Going forward, incentives will remain in place only for extremely small-scale renewable energy projects.

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