Companies in the renewable energy sector asked the government to cease credentials for new plants. Photo via sandia.gov
"Investors in renewable energy which contributed with 7 billion euros in the Romanian economy have been deceived ! Keep renewable energy to collapse, "it said in an open letter sent from some companies in the renewable energy sector to energy minister, prime minister and ANRE leadership.
Four employers' organizations in the renewable energy industry (RWEA, Patres, RPIA and ARmHE) warn that reducing energy mandatory quota for the third consecutive year brought the producers to a verge of bankruptcy.
They therefore require temporary suspension of accreditation for new plants, regardless of capacity that would benefit from green certificates, from September 1, except for projects for which grants were obtained, namely those in phase advanced finishing and those licensed investments to allow authorities and renewable industry to identify measures to stabilize the green certificate support system inoperative, currently writes gandul.info.
"In an attempt to legitimately protect the ultimate consumer, Romanian authorities are reluctant to do what other governments have done in similar situations, or to suspend access to the support scheme for new projects to identify viable financing solutions. On the contrary, the authorities knowingly pushing existing investors and new ones in the renewable energy industry into bankruptcy, generating a boomerang phenomenon that will eventually have a negative impact on citizens.
The result will be an imminent energy prices, which decreased significantly due to the contribution of renewable energy, "reads a press organizations.
So far, companies have accumulated installed capacity of 5,000 MW by investing around 7 million.
"The situation is alarming. Reducing the share in 2014 and 2015 and still maintaining its low at 12.15% as against 17% was established in Law 220, generates a huge surplus of green certificates that are today just worthless paper.
This decision, coupled with 12 months validity of green certificates and green certificates at the time the tax and not the actual time of sale means imminent bankruptcy for most of the small and medium producers, "warns Viorel Popescu, president of the Employers power producers – PATRES renewable sources in Romania, quoted by hotnews.ro