Topics: Anybody here who knows how the Romanian PV market works?
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Anybody here who knows how the Romanian PV market works?
Six green certificates are awarded for every MWh fed into the grid. These green certificates can be traded in a price range of between a floor value of €27 ($35.70) and a cap value of €55 ($72.72), subject to indexation. Any first-hand experience in dealing with these green certificates is much appreciated.
01-01-2014 10:50 PM
As you said, the price for a green certificate is 27 euro up to 55 euro. Starting with 1 st of July, 2013 the number of green certificates / 1 MW is reduced to 4, instead of 6. The recovery of the numbers of green certificates will be made after 1st of April 2017.
In this moment, in Romania are installed 379 MW.
01-02-2014 01:22 AM
Badly not only are they cutting them but they refuse to pay the bill.
01-02-2014 04:01 AM
Ron, thanks for tht information. I was unaware of the fact that the Romanian government was refusing to pay up.
01-02-2014 06:07 AM
As I have been informed two days ago, a new Government Ordinance is in the approval phase and it will reduce PV GCs from 6 to 3 with immediate effect.
01-02-2014 08:59 AM
Thank you for all information. Correct me if I'm wrong, but as far as I see with 3 green certificates per MWh the feed-in tariff would be in between 0.081 and 0.165 Euro per kWh. That doesn't attract a lot of investors.
01-02-2014 11:18 AM
here the summary of the GD Draft:
According to the GD draft, the envisaged technologies will benefit from the following number of GCs:
• 2.3 GCs for each MWh produced and delivered, if the hydro power plants are new and have an installed power under 10 MW or 2 GCs for each MWh produced and delivered, if the hydro plants are refurbished and have an installed power under 10 MW;
• 1.5 GCs until year 2017 and 0.75 GCs starting with year 2018 for each MWh produced and delivered by wind farms;
• 3 GC for each MWh produced and delivered by solar farms.
The reduction of GCs will be applicable as of the date of the GD draft's enactment and will affect those E-RES production facilities which obtain the accreditation after the GD draft will become effective. Thus, the measures for GCs reduction might be applicable as of this year.
The GD draft is up for public debate and comments may be submitted to the Ministry of Economy within ten (10) days as of the date the GD draft has been published - 29 August 2013
Being the GCs system not "fixed" due to tha range of their value (as you mentioned) the question would be whether a GC reduction can be compensated by higher values.
By the way, the main issie is that the Market has become not "reliable" anymore with rules of the game changing and changing.
Definetly it's not attractive anymore for investors.
01-02-2014 01:29 PM
The reduction from 6 to 3 GC was planned months ago, in spring. The real problem is that the investor will need PPA whit energy producers in need of GC and half of the coutry don't have land registry, huge problems for an investor. Even that, some MWs were installed and couple of GW authorized, but less than 5% will become a real PV plant. The instability in the regulation is another real problem. In conclusion, in mi opinion is not a good market at the moment.
01-02-2014 04:19 PM
@Oliver, as far as I understand you forget to calculate also the energy price which is sold on the market. Have a look at http://www.opcom.ro, but frankly the price is quite attractive
@Antonio and Nicola,
The GC scheme is quite good for everyone, only the political talk is breaking the deal and scaring everyone. Even with this we have participated in 50MW so far and have around 20 MW in construction right now.
It was similar in Bulgaria:
1. - around 300 MW installed
1. between january and july - 700 MW installed, which led to oversupply and retroactive cuts. Now the whole energy industry is shaking.
Frankly the Romanian scheme is better than FiT, but the only thing they are missing is predictability. Next year they will cry a lot, because as far as I know the energy operator does not have a clear real time view of PV production.
01-02-2014 06:51 PM
Linkedin messed the post
300 MW are in 2011 and 700 MW between january and july 2012
01-02-2014 09:35 PM
Hello, I have a businnes partner, that knows the Romanien market well
If you are interested, I can connect you
Please wright me on my mail: firstname.lastname@example.org