WB: The system promoting green energy in Romania is over 50% more generous than European average
Romania is about to endorse one of the most generous schemes intended to support investment in green energy, with a report of the World Bank specifying the current legislation in the field is over 50% more generous than the European regulations.
"Romania has established a generous green certificates program to promote the development of renewable energy. Incentives are very generous, including 110 euros/MWh for wind plus the revenue from the sale of electricity in the market, for a total of 150-160 euros/MWh assuming market prices in the range of 40-50 euros/MWh. This is over 50% above the average European support price of about 90 euros /MWh, through feed-in tariffs where generators earn no additional revenue from sales to the market," reads the World Bank report.