Under “New EU energy policy,” increasing the share of renewables to 20% of the total EU final energy consumption by 2020 is a major goal for all states of the European Community. Going to meet this objective, Romania has proposed the “Energy Strategy 2007-2020”, the share of electricity produced from these sources in the total gross consumption of electricity is 33% in 2010, 35% in 2015 and 38% in 2020.
To achieve these objectives, since 2007 Romania has started the process of creating the necessary legislative framework for renewable energy development projects, the process resulted in Law 220 of 2008 for establishing the system for promoting the production of energy from renewable sources.
Given the importance of energy sector in the European economic structure and thus achieving of a national legislative framework related to European norms in force, the European Commission has developed a set of recommendations during 2009, resulted in the appearance of Law 139 of 2010 as amendment of Law 220 of 2008 for establishing the system for promoting the production of energy from renewable sources.
Additionally being the legal frameworks for the specifical energy sector, laws listed above determine the number of green certificates for different types of investments, summarized as follows:
> for electricity from hydropower plants with installed capacity of less than 10 MW: 3 green certificates for each 1 MWh produced and delivered, if you hydropower plants are new and two green certificates for each 1 MWh produced and delivered, if hydropower plants are refurbished;
> 1 green certificates until 2017, and 1 green certificate, from 2018, for each 1 MWh produced and delivered by the producers of electricity using wind energy;
> 2 green certificates for each 1 MWh produced and delivered by the producers of electricity from biomass energy crops and 2 based on green certificates for those who do not rely on energy crops;
> 3 green certificates for each 1 MWh produced and delivered by the producers of electricity from solar energy.
Since Q3 2010, after publication in the Official Gazette of Law 220, The European Commission has developed a series of recommendations to the Romanian authorities.
Ovidiu Solar Energy receives, according to the specific law regulations 4,2 Green Certificates/MWh from which 2 are delayed (regulated by ANRE). From 2024 (with approximation) it will receive 6 Green Certificates/MWh (after the European funds are recovered from the 1,8 Green Certificates/MWh not received). All the necessary documents / formulas issued by ANRE regarding the number of Green Certificates will be presented in the Due Diligence phase.
Last update: 10.2014