A quota of Green Certificates for July valued at over 14 million Euro to be recovered starting 2017

The temporary reduction of state support for renewable energy producers starting July 1 is showing its first effects and the sum investors will have to recover for July reaches about EUR14 million. According to data published  by power grid operator Transelectrica for July, investors received some 607,000 of the 968,000 green certificates they were owed, with the remaining 361,000 to be granted after 2017. Data from energy exchange OPCOM shows that for July the average trading price of green certificates was around EUR40 per unit, which means investors no longer received certificates worth EUR14 million from the energy produced last month. Around 60% of this amount was owed to investors in wind projects, while 32% was supposed to go into the pockets of solar energy producers.