|Romania||Between $0.27 and $0.48/kWh||Between $0.27 and $0.48/kWh||Between $0.27 and $0.48/kWh|
Update Apr 01, 2013
According to The Romanian Photovoltaic Industry Association, Romania's government looks to temporarily cut the number of green certificates awarded to PV systems to four GCs per megawatt-hour of electricity generated, not six GCs as originally planned. PV systems would still accrue the remaining two GCs, but would not have access to these GCs until 2017.
Rather than feed-in tariffs, Romania has opted for a system of tradable 'green certificates' awarded for power produced and delivered to the distribution network from renewable sources.
Power suppliers are obliged to meet annual quotas for the purchase of green certificates related to the percentage of renewables in their total supply mix. The 'green quotas' applied to power distributors are increased under the amended law, rising in steps from 10% in 2011 to a final level of 20% in 2020.
The certificates can be traded on a platform run by Opcom, the national energy market operator. The law sets a minimum value of €27 per certificate and a ceiling of €55 (US$35-$72), index-linked to inflation and guaranteed until 2025. Solar producers are awarded 6 GCs. The fine imposed on power suppliers who fail to meet their quota is equal to €110 per MW and Green Certificates to date have not traded below the ceiling price of €55.
Projects announced in Romania in October of last year:
• Hareon Solar Technology: 122MW
• Aion Renewables: 80MW
• CEED & ePD: 48MW
• Samsung Group: 45MW
• EDP (total of four): 38MW
• Espero: 20MW