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New rules stop green energy boom

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.