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New rules stop green energy boom  

Credit:  FOCUS Information Agency, www.focus-fen.net 17 April 2012 ~~

Investors in renewable energy will have to reconsider their business plans after the amendments to the Law on Energy from Renewable Sources entered into force, changing drastically the rules for adding green capacities to the electricity distribution network and obscuring deadlines for that, Capital Daily informs.

In fact the changes will significantly slow down the development of energy from renewable sources in Bulgaria and hamper the achievement of the EU target of 20% renewable energy by 2020. The new law may postpone investors’ plans by a decade because they will have to stick to special schedules prepared according to the 10-year electricity network development plan. The schedules will have to be drawn up by the three electricity distribution companies in Bulgaria: CEZ, E.ON and EVN, as well as by the Electricity System Operator by 10 July, 2012.

Source:  FOCUS Information Agency, www.focus-fen.net 17 April 2012

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments to query/wind-watch.org.

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