Bulgaria is under the European Commission’s microscope as the eastern European nation introduced grid access charges on all renewable energy producers.
Renewable operators in the country filed a claim with the Commission at the end of last month insisting that the move constitutes unregulated state aid to power distributors.
According to Reuters companies say the fee for accessing the networks of the three power distributors operating in the country will deprive them of 10-40 per cent of their revenues and will lead to numerous bankruptcies.
Also in October, ambassadors in Sofia of thirteen European states, China and Korea voiced serious concerns over Bulgaria‘s government policy on renewable energy.
According to envoys the decision risks driving away foreign companies from Bulgaria considering investments in the country in many sectors, not only those dealing with renewable energy.
Meanwhile the President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti also voiced concerns that those charges have been applied retroactively and without any prior consultations with the sector stakeholders.
“These access charges will mean that most currently operating renewable energy generators will immediately become unviable and will be unable to repay their loans,” read Chakrabarti’s letter to Bulgaria‘s Prime Minister Boyko Borisov.
“This raises broader concerns among all investors about the reliability of contracts and the predictability of the Bulgarian business environment,” it pointed out.
DKEVR introduced the surcharge on grounds this way the financial burden from the joining in the grid of new solar and wind parks will fall on green energy producers.
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