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Romania plans to cut support for renewable energy

Luiza Ille — Reuters — March 29, 2013

 Romania’s government will cut its support scheme for wind, solar and small hydro renewable energy projects to avoid overcompensating investors, energy regulator ANRE said on Friday.

Elsewhere in the European Union, countries such as Germany, Britain and Spain have either cut or plan to reduce incentives for renewable energy after years of strong government support.

Romania’s support scheme gives renewable power producers green certificates for each megawatt generated. Suppliers must get an increasing percentage of the power they sell from renewable energy and buy certificates to meet these targets.

Investors in renewables make gains when they sell the certificates and again when they sell their power output.

But the support scheme also allows ANRE to ask the government to cut certificates if investors’ rates of return become too high.  Continue reading, here….

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One Comment on “Romania plans to cut support for renewable energy”

  1. Emerson Morissette April 12, 2013 at 1:07 pm #

    The Germans have really taken off when it comes to renewable fuel sources, and have become one of the major players in the alternative energy game. Under the aegis of the nation’s electricity feed laws, the German people set a world record in 2006 by investing over $10 billion (US) in research, development, and implementation of wind turbines, biogas power plants, and solar collection cells. Germany’s “feed laws” permit the German homeowners to connect to an electrical grid through some source of renewable energy and then sell back to the power company any excess energy produced at retail prices..

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