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Bulgarian wind assoc goes to court over FIT cut  

Credit:  James Quilter, Windpower Monthly, 17 July 2012, windpowermonthly.com ~~

The Bulgarian wind energy association (BGWEA) has gone to court to challenge energy regulator SEWRC’s recent decision to slash the feed-in tariff (FIT) for wind energy production by 22%.

BGWEA said the SEWRC decision, which affects purchase prices for wind power in the year running from July 1, 2012, was “just too much” and had no basis in current market realities.

BGWEA executive director Sebastian Noethlichs said its legal appeal was aimed at attaining better investment conditions in the country for wind, which had already suffered from a number of restrictive legislative measures over the last year.

Industry players had initially been bracing for a maximum tariff cut of 5% and widely expect the SEWRC decision will put a brake on any major new wind projects.

Even Chinese green energy investors have cautioned they could abandon Bulgaria unless the government reconsiders its drastic cuts for wind and solar PV projects.

Yet BGWEA notes that the country has significant wind potential. It points to wind potential of 3GW by 2020, up from around 554MW currently and Bulgaria’s official 2020 target of 1.25GW.

Source:  James Quilter, Windpower Monthly, 17 July 2012, windpowermonthly.com

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 via e-mail.

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