Only 7,600 green certificates out of a total available of nearly 8 million have found a buyer this year, according to an update of the market operator OPCOM, and two solar parks’ accounts and properties have been seized and their due to unpaid debts, says Martin Moise, vice president of Patres.
The two solar parks members of the owners’ association Patres were subjected to the account and solar parks seizure because of the impossibility to sell green certificates (GCs), said Moise energynomics.ro.
“Almost the whole market is in a similar situation. Sooner or later, if the law does not change, everyone will have similar problems – with small exceptions in the area of the producers that are also suppliers, which sell all of their green certificates, “said Moise.
“Most likely in the next one or two months these two parks will be withdrawn from operation and investment of over 30 million euro will be lost.”
This measure, doubled by blocked accounts by withholding, will lead to a blockage of the activity without the possibility of further current payments for security, dispatching, energy consumption, internet, imbalances, taxes for ANRE and OPCOM.
“For the 2016 production were issued a total of 6,245,312 green certificates – for the production of the period January-May, while for June, new certificates will be issued in July. Until now, in the centralized market for green certificates were traded just 7,582 GCs … while the total stock (certificates available uncovered by quota) amounts to 7,952,258 GCs, representing a value of over 1 billion lei,” said Moise.
As ANRE proposed for next year an even smaller share of issued GCs (8.3%) compared to the 2016 (12.15%), this stock will greatly increase, said Moise. Moreover, the regulator ANRE confirms that the market that only 50% of the certificates to be issued next year are to be covered by the selling quota, and if added to those already existing, the percentage drops to around 30%.
“State support for renewable energy has become an illusion, we can already say that these green certificates became worthless papers, although paradoxically they are taxed up front. For the nearly 8 million GCs in excess, producers owe to the state taxes in excess of 160 million lei, while they lack more than 1 billion lei in cash flow,” says Moise.
