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© ICIS HEREN - Bulgaria considers renewables incentives
2010-08-05
Bulgarian renewable projects with lower price tags could benefit from state subsidies and enjoy priority connection to the grid under a draft law considered by the government. The Balkan country wants renewables to account for 16% of its total power consumption by 2020. Christo Christov, executive director at Bulgaria`s Energy Institute, said "hundreds" of renewable projects are in the pipeline as investors are attracted by the potential returns on their investments. "Under these tariffs NEK, the power incumbent, is expected to buy solar energy at €400/MWh and wind capacity at around €80/MWh," he added. However, energy minister Trayko Traichov told the local press that if faced with a choice, the government would support the construction of cheaper hydro power plants, rather than the more expensive solar projects. (THE ICIS HEREN REPORTS - EDEM 14.150 / 05 August 2010)

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