25 Mar '13, 1pm

Romania To Scale Back Subsidies

Romania To Scale Back Subsidies

Romania currently offers two green certificates per MWh from wind, but it may cut the number to one or 1.5, and to 3.5 from six for solar power, according to the Ziarul Financiar newspaper which cited an unpublished draft law. The maximum value may drop to €30 from €55, the newspaper reported. Romanian aluminum producer Alro urged the government to cut the incentives after its power costs skyrocketed. Alro said the green certificate program will saddle it with additional costs of about US$44 million in 2013. The company lost 170 million lei ($51 million) in 2012 after its power costs increased by 172 million lei, it said. “We haven't made a decision yet but we will make one, and we will change the law because we can't destroy our local industry, which generates thousands of jobs,” Nita said. He added that EU approval won't be necessary for the subsidy changes, citing previ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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