Lost track with the Permitting Process in Romania?
Did you loose track with all the permits, approvals and authorizations that you need for the construction of a wind farm of photovoltaic plant in Romania? Then you will not be the first one.
Many projects in Romania are therefore not “shovel ready” although the seller might claim that it is ready to build. In many cases the developers do not have the right overview of all the permits they need or think that the remainder can be “fixed” easily. Unfortunately “fixing” when talking about a serious investment like wind power and solar power projects does not exist. It is ok or it is not ok. Permits are not “for sale” and “The Major is my big friend” is not a guarantee that the investor will ever see his project up and running when not all the authorizations are obtained in a legal way.
Therefore, Bastiaan Projects Management has published the Work Book Renewable Energy, describing all the permits and approvals and with examples, checklists and richly illustrated with stories and facts you need to know when developing a renewable energy source (RES)
Romanian Energy Regulator (ANRE) Publishes Methodology For Green Certificates
The Romanian Energy Regulator published the methodology for evaluating the Green Certificate Scheme as approved in July 2011 and that came into force on the 1st of November 2011. With over three years delay, finally the promotion scheme that many investors have been waiting for became active but not without some built-in guarantees against over-compensation as demanded by the European Commission.
In order to prevent overcompensation, the Romanian Authority has to evaluate the scheme and intervene when it shows that the IRR of projects exceeds the limits imposed by the European Union. Finally the ANRE published a document in which they explain the methodology. Like always, it is stacked with formulas and for the average reader difficult to understand; Romanians like mathematics, that is obvious.
At RESbroker International we studied the methodology and our conclusion is that there exists a possibility that new projects will receive less than 6 green certificates. That will probably be in 2013 as the first evaluation takes place in 2012.
One thing is clear to us: get connected in 2012 in order to avoid any discounts on the Green Certificates. RESbroker is available to helping you to find the right partners to complete your projects in time but you should not wait.
For more information about the Romanian payment scheme for Green Energy or the green tariffs in other countries mail to: info@resbroker.com
Green Certificates in Romania sold at 57,39 EURO
Green Certifcates in Romania are now sold at 57,39 EURO each Bringing the total price for Solar Energy to almost 400 EURO. As per March 2012, green certficates in Romania
Green Certificates Romania
The ANRE, the Romanian regulator published its forecast in which the GC price will increase over the next years with a 2-3 years dip when there will be a small surplus of certificates between 3 and 8%, but immediately after that the price is expected to be again at its highest level. In 10 years time the total revenues of Solar energy could amount up to 500 euro per MWh delivered to the Romanian Grid. Despite the fact that the system does not provide any government guarantee for purchasing the green certificates investors in Renewable energy now are lining up for purchasing developed photovoltaic projects, i.e. projects that are ready to be build.
Completely without guarantee the system is not at all as the green energy has priority by law and therefore a producer of green energy is always sure that his energy will be injected unless there are technical reasons such as balancing problems. Banks and other financiers however have difficulties in understanding the system while the Romanian government also could help a bit by explaining how things work.
Transaction Value for Green Certificates Romania in 2012
The transaction value of green certificates for 2012 are is follows:
Min. – 121,89 RON / green certificate (28,172 EUR / green certificate)
Max. – 248,30 RON / green certificate (57,389 EUR / green certificate)
The exchange rate for December 2011 – 4,3267 RON = 1 EUR
For any green certificate less than the buyer is being compelled to purchase, he has to pay 496,91 RON / green certificate (114,777 EUR).
Source: ANRE Order no. 4/2012
More Information:
Renewable Energy Gives Producers Relative Largely Predictable Cost And Price Level
Compared to traditional fossil-fuel fired thermal power plant, generation from wind, solar or hydro plants gives buyers a unique opportunity to sign long-term power purchasing contracts with fixed or largely predictable, general price level indexed prices.
This benefit of Renewable Power may or may not be taken into account by the actors on the electrical power market, depending on institutional circumstances in the jurisdiction. Governments around the world regulate electricity markets heavily, either directly or through nominally independent energy regulators, which interpret more general energy laws. This is true whether we consider jurisdictions with classical electricity monopolies or newer market structures with ‘unbundling’ of transmission and distribution grids from wholesale and retail electricity sales, allowing (some) competition in power generation and in retail sales of electricity.
These newer market structures are often somewhat inaccurately referred to as ‘deregulated’ markets, but public regulation is necessary for more than just controlling monopolies (such as the natural monopolies of power transmission and distribution grids) and preventing them from exploiting their market position. Regulation is also necessary to create efficient market mechanisms, e.g. markets for balancing and regulating power.
Do You Have A Renewable Energy Project For Sale?
When you are a developer or owner of renewable energy projects and you are looking to sell the projects then RESbroker is interested in getting in touch with you.
At RESbroker we specialize in selling clean energy projects and a permanently looking to expand our listings with new, quality projects. Especially when you have projects in Austria, Germany, Netherlands, UK, Belgium and France then RESbroker would like to add your projects to its listing.
Already having the largest listing of Clean Energy Projects in Europe where project owners can list their project without costs, RESbroker aims to cover all EU countries with its listing.
We provide information about countries and have performance data on hand to help investors making a good choice. Our websites provide useful data for Investors and make it possible to easily compare projects in various countries.
Contact Us when you have projects for sale: euresbroker@gmail.com
Understanding the Romanian Promotion System for Renewable Energy (Law 220)
After the new law 220 came into force in November 2011, a lot of investors have been looking at the the Romanian market, especially for solar power (Photovoltaic) plants. The promotion scheme as adopted by the government by law is indeed very generous but looks somewhat complicated to many as it is not a straight forward FIT (feed-in tariff) but a combination of feed-in and green certificates.
Many investors are asking us about a PPA and when we tell them that there is no PPA available for let’s say 20 years, they get confused and uncertain about the possible investment opportunity. That is logic if you do not know how the system works.
First of all, a producer of green energy becomes a priority producer when he applies for it at the ANRE, the national energy authority. This certificate can be obtained only after the plant has been constructed. Once the producer received this qualification, then the distributor has to take the energy from the producer by law. This means that every producing plant with this certificate is sure that the distributor will take his energy with only one exception: when for technical reason the operations of the RPS (Romanian Power System) are in danger. Only then the plant can be shut down, temporarily of course. Usually the grid operator will balance the system and see that these situations do not occur.
So while there is no PPA, the plant does have a contact with with the distributor that allows him to deliver the energy. In that contract the conditions are specified. A small plant (<10 MW) will deliver its energy through the distributor at the price established by the regulator which is an average price related to the market prices. Basically it is a straight forward process when it is a small plant. Things are different when the plant is larger; that is why most PV plants stay under the 10 MW capacity.
For each MWh produced and delivered to the GRID, the producer receives 6 green certificates. Also these certificates are sold on the market. The OPCOM operates this market and at this moment certificates are sold at 56.15 EURO each. It is also possible to sell them with a long term contract to a large consumer. This can be the distributor or an industrial company that is marked as large consumer. To the latter category belong cement industry, steel, fertilizer and other industries. The price then is an agreement between two parties: the producer and the large consumer and is not disclosed (not public). It is believed that prices range between 35-45 EURO for a long term contract. These contracts however are rare and not easy to be obtained by a single producer. The best way is to sell them on the OPCOM market.
Price development.
How the price will develop, no-one knows. What we do know is that the electricity prices in general will increase over the next few years while the price of green certificates is likely to come down to 27 EURO in a couple of years.
While a MWh (Megawatt Hour or 1000 Kilowatt hour) of electricity now sells between 35 and 60 euro, such depending on the time related to the market demand, experts believe that it could go up to 70 EURO average in a couple of years time bringing the prices into a 60-100 EURO range.
In Romania the price of the Green Certificate is guaranteed by law and therefore the GC’s cannot be sold under 27 EURO each while the maximum is set to 55 EURO. Because this price in indexed – Romania has its own currency- they currently sell at 56.15 EURO.
The green certificates, as said before, are currently sold at 56.15 EURO each. This is on the OPCOM, a market where sellers (producers of green energy) and buyers (large consumers) meet each other. For each MWh cunsumed, the law obliges the consumer to purchase green certificates at a rate calculated each year until 2020, when 20% of the electricity needs to come from green sources (Large Hydro Power not included) If a consumer did not buy the number of green certificates that he has to according to the quota, then he pays a penalty of 100%. This assures that the green certificates are actually sold as no-one wants to pay double when he can buy at the normal market price.
The problem arises when there are more green certificates than needed to cover the quota. This will happen when there is more green energy produced than needed. When that point has been reached then the surplus of green certificates will basically not be sold on the domestic market. But the law 220 foresees in a possibility to sell the green certificates abroad as it in fact is a certificate of origin and therefore represents one Megawatt of clean produced electricity. Experts believe that the domestic market will be saturated around 2017-2018 while the price will slightly go up again in 2018 when the 2 GC’s for wind energy will be limited to only 1 per MWh.
In the end we believe that green energy should pay itself by the sales of energy and not by temporary local measures. Moreover we think that Europe should decided on a European system rather than leaving it to each member State how to promote RES in order to reach the European target of 20% by 2020. This leads only to a patchwork of tariffs and laws and does not provide investors a transparent system. What Europe did with the ETS (carbon credits) they also should do with the green energy promotion schemes.
(Tariffs in Europe)
In a couple of years the European Grid will have connected West to East and North to South meaning that I can sell (green) electricity that is produced in the Black Sea area through a company in Spain on the Dutch Market. This implies the need for a European tariff system rather than local governments deciding on promotion schemes which then are changed time after time when the economic situation or local interests tells them to do so.
Markus Vrieling is Portfolio manager at RESbroker and panel member at Green Power Conference 2012 in Bucharest.
First Wind Farm (141 MW) in Moldavia
RESbroker adds a 141MW wind power project in the Republic of Moldavia to its portfolio. The wind farm is the first in Moldavia and is ready for construction. The developer, a consortium from Moldavia, is looking now for an investor who wants to participate in the project with 35%.
Other than it neighboring country Romania, Moldavia has a Feed-In Tariff of around 11 euro cents (based in national currency) and renewable energy has priority. Moreover, Moldavia depends for most if its electricity on imports, mainly from Ukraine. The wind farm will deliver the electricity directly to the Moldavian Grid.
This project is a unique opportunity for an investor who wants to enter into the Moldavian market.
For more information please contract our Customer Care Department: +40 730 419 300
Solar Energy Investment
Investors who are looking to invest in Solar Energy in Europe often find themselves in a situation that they cannot find the sources that provide an good overview of solar energy projects that are available for sale throughout Europe.
RESbroker is the de facto standard listing for renewable energy projects with more than 3000 MW of projects in the 6 clean energy categories:
WIND – SOLAR – GEOTHERMAL – HYDRO – WTE -BIOMASS
The RESbroker online listing enjoys a great number of daily visitors because of the high rating the site has in the major search engines.
Pages are updated on an almost daily basis and the RESbroker sites provide a lot of valuabel information to investors in clean energy.
Not only investors benefit from the rich source of information provided by RESbroker, also project developers find in RESbroker the primary platform to promote their projects. Being listed at RESBroker means that the project has been selected by the RESBroker survey team and that is complies with the standard that RESbroker has set for clean energy projects.
Take a look and convince yourself; https://resbroker.wordpress.com
BULGARIAN PHOTOVOLTAIC MARKET: OUTLOOK 2011
This market report offers an incisive and reliable overview of the photovoltaic sector of the country. In view of recent cuts in FIT’s announced in Germany, Spain, France, UK, Czech Republic, Slovakia and Italy, Bulgaria represents a stable investment environment in South-East Europe with clear rules and fair FIT rates.
The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 50 pages of valuable information in this unique in-depth analysis of the Bulgarian photovoltaic market. With comprehensive market data this report brings clear and concise insights, to help investors in their decision making process.
As 2011 was challenging year for photovoltaic industry, the time for taking right decisions is limited. Fast changing market environment with falling module prices, requires relevant and accurate information. For your convenience we offer opportunity for orders with customized report content. You may download market outlook presentation and order form from here:
http://ineaconsulting.eu/en/downloads/16-analysis
Cost: 360 EUR excl. VAT
Projects for sale in Bulgaria: CLICK HERE
Clean Energy Projects Broker
A relatively new profession is the one of the Clean Energy Project Broker. We in fact are the real estate agent for Renewable Energy Projects. if you like.
RESbroker comes from Renewable Energy Sources, this is the generic name for energy sources like Hydro Power, Wind Power, Solar Power (also often referred to as Photovoltaics or PV), Geothermal and Biomass/Biofuel plants as well as Waste-To-Energy projects.
Why use a broker?
A broker is usually very well informed about the projects that are available on the market because it is his job. A broker saves you a lot of time and is able to give you good advise about the properties you look for.
Why RESbroker?
When you want to invest in a Clean Energy Project then you like to talk to people that speak the same language; understand your needs and what you are looking for. We at RES Broker know what an investors wants; we also know where the projects are. Moreover we can tell you all about the status of a project. We also can tell you about the potential risks of a project and the business case in general. RESbroker provides you with the information about the local feed-in tariff, the RES policy and the promotion scheme of the country you wish to invest in. When we help you selecting a project our consultants are available to tell you all about the regulations and the procedures. But that is not all. We are also helping you with back ground research on the owner which usually is difficult because of the different languages we have in Europe. Last but not least we assist you with the acquisition of a project at with the negotiations if you wish.
During the entire process you will be in direct contact with the seller, providing you the optimal conditions for carrying out the pre-DD, the DD and the actual closing of the deal.
Looking forward to hearing from you!
The RESbroker Team
Renewable Energy Project Finance
Renewable Energy Projects enjoy an increasing interest from investors and investment companies world wide. Despite or maybe just thanks to the financial crisis investors seem to look for new ways of investing their capital and clean energy is one of them.
RESbroker sees a significant increase in requests for projects in the last 5-6 Months. Most of the investors that are looking to invest in a renewable energy project also look for additional finance in order to leverage and thus boosting their returns on equity. Leveraging means taking debt to increase the profit on the equity. Moreover leveraging allows investors to acquire larger projects than they normally could when only having equity to invest.
However the possibilities to attract (debt-) finance became very limited thus making to more difficult for private investors to use leveraging. Bank are no longer willing to or in the position to finance the way they did in the past. A couple of years ago it was relatively easy to have 80/20 finance in debt/equity while to day even 60/40 seems to be a problem.
RESbroker therefore developed its finance advisory department in order to assist its clients with the search for finance for renewable energy projects in its portfolio. RESbroker already provides a valuable source of information about the payment schemes for renewable energy across all European States as well as about the RES policy per country. “The Finance Advisory Service (FAS) is a welcome but logical addition to the services we provide as broker in clean energy projects that are for sale in Europe as many investors are not familiar with the possibilities and limitations of obtaining finance on the European markets” Markus Vrieling, the CEO of RESbroker, says in an interview. RESbroker developed a separate blog for providing information about finance and insurance of Renewable Energy Projects. The blog is called RESfinance and can be found by clicking on RESfinance Blog
Hydro Power Projects For Sale Romania
With adding two new hydro power projects to the portfolio, RESbroker now has in total 7 hydro power projects for sale in Romania.
In a permanent effort to complete our listing with quality Renewable Energy Projects from all over Europe, RESbroker invites developers and sellers of renewable energy projects to submit their projects for admission to the RESbroker Clean Energy Projects Listing.
RESbroker adds 63MW Wind Farm in Sweden for Sale to its listing of Renewable Energy Projects in Europe
RESbroker, the premier broker in clean energy projects in Europe adds its first project in Sweden to the listing of renewable energy project for sale in Europe.
The wind farm will have a capacity of 63MW and will be equipped with the Vestas V112, 3MW generators while the towerheight will be 119 Mtrs.
The project has funding and the seller looks for a majority investor for the project.
More information can be found here: VIEW PROJECT
Solar Projects in Czech Republic with high returns
RESbroker has added several photovoltaic projects in the Czech Republic that generate high returns. The projects are operational and enjoy a 20 years contract with the attractive high feed-in tariff of two years ago. The projects have revenues of up to almost 0,50 per KWh and this tariff is guaranteed by contract.
for more information about this and other green energy projects for sale in Europe, look at RESbroker.wordpress.com.
Green Energy Projects For Sale | Clean Energy Projects For Sale | Renewable Energy Projects For Sale
Risk Insurance for Photovoltaic Projects Eastern Europe
RESbroker offers through its trusted partners risk insurance for Solar Energy Projects (PV Projects) including for photovoltaic projects in Romania, Bulgaria, Hungary, Slovakia and the Czech Republic.
In a permanent effort to improve our services to our clients RESbroker added insurance for Photovoltaic projects to its portfolio of services to investors and owners of renewable energy projects.
Risks covered are:
- Internal disasters
- External disasters
- Production loss as result of a lack of Sun
- Production loss due to various reasons
- Reduced yield
Contact us for more information: euresbroker[at]gmail.com
Read more on our website: HERE
Latest listing adds a 642 MW Wind Power Project in Iasi, Romania
RESbroker Europe added the largest fully permitted wind farm in Romania to its listings.
This wind farm is located in the area Iasi-Vaslui and connects to high capacity grid lines. The project needs to implement a new substation that will be owned by the project developer. The location of this wind farm is excellent given the fact that it is close to Ukraine and Moldova. Both countries will need in the future to import electricity due to the planned closure of 8000 MW generation capacity in old carbon fueled power plants.
RESbroker adds over 300 MW of Photovoltaic Projects in Bulgaria to its listing
Over the past month, RESbroker added over 30 solar energy projects in Bulgaria to its listing. The total capacity of all the projects together is over 300 MW and the individual project size varies from 1 to 80 MW.
The projects are located all over Bulgaria and enjoy a very good irradiation statistics.
The Solar Energy (PV) projects are located in: Liubimets, Pomorie, Svilengrad, Stara Zagora, Slivo Pole, Stradzha, Jambol, Tundzha, Brezovo, Ajtos, Popovo, Krumovgrad, Topolovgrad, Madzharovo, Pazardhik, Bojnitsa, Plodiv, Novo Zagora, Elhovo, Varna, Bojnitsa, Karlovo, Novi Pazar, Parvomay, Glavinitsa, Veliko Turnovo, Tervel, Dimitrovgrad and Tutrakan.
For more information about the individual projects click here
If you wish more information about investing in renewable energy sources such as Solar Energy then contact us directly and the RESbroker team will be helpful answering all your questions about investing in Photovoltaic projects.
RESbroker is Europe’s premier broker in Clean Energy projects and has the largest listing of quality renewable energy projects for sale in Europe.
Investing in Clean Energy Projects
In these times, where the financial markets do not seem to offer any security anymore, investors are looking for alternatives as either the returns are at the lowest ever or the risks are sky high. Traditional equity funds and investment funds have shown to be as vulnerable as the funds they invest in while management fees still are not in balance with the returns they generate. More and more investors therefore start to look for direct investments rather than investing through investment funds or investment companies.
RESbroker is the source of clean energy projects for both professional large investors and private investors that look for investment projects in renewable energy. Europe has a target of 20% renewable energy by 2020 and each European country has its own promotion scheme and tariff for feed-in of electricity generated using renewable sources.
RESbroker provides up-to-date information about each country separately while per country projects can be selected. , RESbroker also targets developers and sellers of projects. As premier broker in clean energy projects in Europe, RESbroker offers developers of renewable energy projects the perfect platform to advertise their projects without any costs.
Italian Solar Projects For Sale
RESbroker has a number of photovoltaic projects for sale in Italy. Most of them are smaller projects under 1 MW with a feed-in contract. Many of them are operational while others are almost ready to be connected in 2012.
Italy still has an attractive feed-in tariff for 2012 of around 17 EURO cents per kilowatthour. An additional 10% bonus is applied when European technology is used. We also have several operational solar projects available with a higher feed-in tariff up to almost 40 euro cents per kilowatthour.
Investors that do not need the project as co-lateral have an advantage but still will be able to attract finance in debts to boost the IRR in equity as long as they can provide enough co-lateral.
Europe already has a target of 20% clean energy by 2020 but most likely will increase the use of renewable energy sources as climate change becomes a bigger threat ever. Despite the economic crisis there is an increasing interest from private investors to invest in renewable energy projects.
Contact our sales desk at +40 730 419 300 or by email: euresbroker [at] gmail.com
RESbroker 2011 web presence in review
Thanks to the RESbroker TEAM and WordPress.com stats we can look back to a successful year of blogging. We started RESbroker blog in 2011 and managed to become the Premier Renewable Energy Broker in Europe providing information about clean energy projects that are for sale, country information about investing in Renewable Energy and information about how to invest in renewable energy.
Here’s an excerpt:
A New York City subway train holds 1,200 people. This blog was viewed about 6,300 times in 2011. If it were a NYC subway train, it would take about 5 trips to carry that many people.
Green Tariff for Electricity Ukraine
by: Yuriy Nechayev
The “green” tariff for electricity (also known in many other jurisdictions as the “feed-in” tariff) was introduced in Ukraine relatively recently – only in 2008. Since that time it has evolved substantially and now appears to be quite mature in terms of the legislative base. Moreover, the Parliament of Ukraine continues to be make certain legislative improvements. For instance, in June 2011 some state guarantees of application of the “green” tariff were enhanced. The latest amendment was adopted by the Parliament of Ukraine on 18 November 2011 and signed by the President of Ukraine on 8 December 2011. This underscores the Ukrainian government’s attention to this mechanism and its willingness to make it as much attractive as possible.
On the other hand, the Ukrainian government is clear in its intention that not only environment should benefit from the application of the “green” tariff, but also the Ukrainian economy. Therefore, the state will support only those technologies, which, after the “green” tariff ceases to apply, will be able to compete in economic terms with the technologies working on traditional fuels. Following this logic, the President of Ukraine vetoed a law adopted by the Parliament of Ukraine on 6 October 2011, which envisaged the extension of the “green” tariff to electricity generated from biogas. According to the President of Ukraine, the prime cost of electricity generated from biogas is now the same and is expected to become higher than the prime cost of electricity generated from traditional fuels, while, in case of electricity generated from other alternative energy sources (e.g., wind energy), the prime cost of such electricity constantly reduces and is expected to become eventually lower than the prime cost of electricity generated from traditional fuels.
Read the entire article on: Mondaq.com
Tags: RES Ukraine, Green Energy Ukraine, Green Tariff Ukraine
Clean Energy investments reaching $1 trillion over the past five years
In some rare good news from the energy sector, latest indicators show that investment in clean energy has been surging over the past five years to pass the $1 trillion mark this year with the highest rise in investment being in 2010. This news came at a time when the UN was struggling to keep the Climate talks in Durban, South Africa on course even as large developed nations baulk at the idea of ratifying a binding deal. For many of these large countries, including the US and China, existing outside any binding legislation and policy is the only guarantee of competitive advantage in a world where the most industrialized nations call the shots.
This is why the US declined to append its signature to the previous Kyoto Protocol and has continued to insist that climate change due to carbon emissions is more a subjective truth than an overarching reality.
Fortunately, the agreement in Durban to establish a new body to negotiate a global agreement (Ad Hoc Working Group on the Durban Platform for Enhanced Action) by 2015 represents a major step forward.
The Climate Action Tracker scientists stated, however, that the agreement will not immediately affect the emissions outlook for 2020 and has postponed decisions on further emission reductions. They warned that catching up on this postponed action will be increasingly costly.
The Climate Action Tracker estimates that global mean warming would reach about 3.5°C by 2100 with the current reduction proposals on the table. They are definitely insufficient to limit temperature increase to 2°C.
Automated Solar Farm Cleaning
Solar cell manufacturers recommend the cleaning of panels at least once a year.
Depending on environment dust accumulation varies in the range of 5-10% (some extremes may occur at special conditions) causing financial losses for operators.
A patent protected technology for industrial cleaning of Solar Farms (0,5MW+) was developed by Solar Farm Cleaning in order to increase energy output and revenue.
Designed for customer demands of:
• large solar cell surfaces
• remote locations
• low water supply areas
• any distances between solar panel rows
When they do not blink like this then you are loosing money…
Specifications:
- low water consumption (100 l /MW)
- cleaning speed (0,5-1MW/8 hours)
- autonomic system, no water or energy hoses are required for operation
Call or mail RES Broker for more details and we bring you directly in contact with the company that provides the service.
Register now and we keep you updated about Clean Energy Projects in Europe.
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