The installed capacity of renewable energy producers totaled 4,690 MW at the end of June this year, according to data centralized by Transelectrica, almost 9% less than last year. This reflects the jam in the market this year, when the number of green certificates traded was very small.
“In 2016 there were sold only very few GCs [on the centralized market for Green Certificates, E.N.]. The market came to a standstill both financial and legislative. The annual return on investment is subunitary and payback period ramped up to 40-50 years, “said an investor for energynomics.ro.
“While every country has renewable projects of over 1,000 MW annually, with Germany, Norway and Denmark with over 3,000 MW, Romania has blocked all investments and sent large segments of the economy in bankruptcy and insolvency,” the source said.
At the end of June, in the system there were wind farms with an output of 2.959 MW, photovoltaic panels with a total capacity of 1,312 MW, 316 MW of small hydro and biomass projects with a cumulative capacity of 103 MW, according to Transelectrica. Late last year, the system had a renewable energy production capacity of 5.142 MW, 8.8% more than today.
Green Certificates traded in January- August in the centralized market: 7,771
Centralized Market for Green Certificates saw just about 1% of the 7 million available sold in the period of January- August 23 to 7,771 units, according to an energynomics.ro analysis.
According to the previous reports in the local press, in the period of January to July 2016 there were about 2,800 green certificates traded, however, according to OPCOM, the market operator`s report, just the month of March saw 5,490 green certificates sold.
January saw 906 GCs traded, February- 81, April, 268, May – 344, June 681 and July, just one.
According to the OPCOM site, no GCs were sold in the centralized market in August, up to date (August 23).
