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First International Business Invest Forum - Renewables in Romania, November 10th in Bucharest

The First International Business Invest Forum - Renewables in Romania, which will take place on the 10th November 2011, in Palace Hall Bucharest wants to bring together experts from the renewable energy field in Romania to exchange know how and offer you practical experiences.

This event is the

perfect place to get informed about these relevant themes for setting up a company in Romania. Between the invited speakers there are: ministries, institutions, chamber of commerce's, embassies, companies and key persons in Romania.

After 2010, a year in which the energy production started to develop, 2011 is a year in which the energy parks begin to grow in Romania. At a Middle and South-East Europe level Romania occupies in this sense, most probably the first place in the ranking of the countries with the biggest installed capacity this year. The Romanian Wind Energy Association shows that there are at the moment 713 MW energyinstalled.

Transelectrica considers that in the next 20 years the energy demand will double in Romania. Also according to Romania's Energy Strategy, the solar potential of the country can generate 1,2 TWh of electricity annually, which means 2,5% from the current national consumption.

Romania has opted for a system of tradable 'green certificates' awarded for power produced and delivered to the distribution network from renewable sources. Power suppliers are obliged to meet annual quotas for the purchase of green certificates related to the percentage of renewables in their total supply mix. The grid operator issues green certificates for renewable generation, ensuring that producers benefit both from the sale of the power itself and the value of the accompanying certificate.

The certificates can be traded on a platform run by Opcom, the national energy market operator. The law sets a minimum value of €27 per certificate and a ceiling of €55 (US$35 —$72), index-linked to inflation and guaranteed until 2025. The legislation offers various levels of incentives to different sources of renewable energy. Wind, for example, will attract two green certificates for each MWh

produced until 2017 and one from 2018 onwards. Power generated from biomass and biogas will be awarded three green certificates per MWh, with an additional certificate on offer for high-efficiency co-generation. (according to www.renewableenergyworld.com)

The event is part of the 4th edition of RENEXPO® SOUTH-EAST EUROPE, Romania´s International Energy Fair, that will take place between the 9th-11th November 2011 at Palace Hall Bucharest, Romania.

Sursa: http://www.actmedia.eu

Tags: romania energy certificates bucharest november international renewables first euro

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