Bulgarian parliament passes 20% wind levy into law
Patrick Smith — Wind Power Monthly — December 5, 2013
The Bulgarian Wind Energy Association (BGWEA) has warned that this could mean the end of the wind industry in the country since the levy applies to already established projects.
On top of the fee, the parliament voted to limit the amount of energy that would be bought from renewable projects at a preferential price. Beyond this threshold, energy will be bought at below market price at a price set by the regulator. The threshold will be decided by the energy regulator.
BGWEA executive director Mariyana Yaneva said: “There has been a reaction of shock from the wind industry. These two measures combined could mean a 50% reduction in revenue for some projects. “No wind farm could survive a 20% cut in revenue let alone a 50% reduction. This will mean bancruptcy for…
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