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Romania May Cut Wind, Solar Power Incentives in Half: ZF
Feb. 28 (Bloomberg) — Romania may cut incentives granted for investments in renewable energy by lowering the number of the so-called “green certificates” and limiting their maximum value beginning in July, Ziarul Financiar reported today.
The government may cut the number of the certificates granted for every megawatt-hour of power produced from wind to 1 or 1.5 from 2, for solar power to 3.5 from 6, and for power produced from biomass to 1.6 certificates from 2, the Bucharest- based newspaper said, citing an unpublished draft law.
Romania also plans to limit the maximum value of the certificates to 30 euros ($39) from the current 55 euros and maintain their minimum value at 27 euros, Ziarul Financiar said.
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