Green Certificates -
In 2011 a more secure support platform
than Feed in Tariffs?
Green Certificate Market
Our take on the Green Certificate
market is related to the supply /demand imbalances between
the mandatory quota requirement and the forecast supply
of Energy from qualifying Renewable Energy sources.
Our maximum Renewable Energy
forecasts have been made in consultation with Romania’s
leading developers of Renewable energy resources, and our
data is considered optimistic. Our conclusion is that the
Mandatory supply quotas imposed on all energy suppliers
in the Romania market will remain out of reach during the
period 2010-2023.
Unless RES development acquires
an unforeseen acceleration and velocity, we believe that
supply / demand imbalances will maintain the pricing of
the Green certificate market near the top of the established
price range (for details click on the report below).
Given the size of the gap
between the mandatory renewable energy quotas imposed on
energy market suppliers and the availability of sufficient
volumes of Green Certificates to enable the market suppliers
to meet their quota targets and avoid penalties amounting
to EUR 100MWh.
We anticipate a relatively
hard market in Green certificates until RES production and
Quotas are near parity.
Specializing in the energy
sector, Energy Investments & Finance need to be extremely
aware of any changes in legislation, competitive environment,
electricity and green certificate pricing and technology
that might impact investments in the energy sector.
In cooperation with Invest
East we have undertaken a general overview of the current
and projected future development of the Renewable Energy
Market in Romania. The
Report can be downloaded here.
