surse regenerabile de energie n Romnia Wnd EnerQy aC OlhC CCwaLlC CC_y OUCC n ROmana RAPORT / REPORT Cuprins Index of contents Introducere Energia eolian n Romnia, Europa i n lume 1. Romnia i restul lumii 2. Situaia sectorului energiei eoliene n Europa 3. Situaia sectorului energiei eoliene n Romnia Prevederi legale 1. Pregtirea proiectului de investiie i construcia unei centrale electrice 1.1. Drepturile reale necesare pentru construirea unei centrale electrice 1.2. Sistemul de carte funciar n Romnia 1.3. Situaii care ar putea mpiedica/ntrzia proiectul de investiie 1.4. Autorizaia de construire 1.5. Planifcare urbanistic i categorii de folosin 1.6. Prevederi cu privire la mediu 1.7. Racordarea la reea 1.8. Autorizaia de nfinare 2. Operarea centralei electrice 2.1. Mediu 2.2. Licena de exploatare 2.3. Vnzarea de energie 3. Sistemul de promovare i tranzacionarea certifcatelor verzi 3.1. Reglementri legale 3.2. Cadrul general 3.3. Acreditarea 3.4. Emiterea de certifcate verzi 3.5. Tranzacionarea si inregistrarea certifcatelor verzi 3.6. Excesul de certifcate verzi 3.7. Capaciti energetice cu puteri instalate mari 3.8. Supracompensarea 3.9. Cumulul de ajutoare 4. Legislaia Uniunii Europene privind industria energiei regenerabile 1. 2. Introduction Wind energy in Romania, Europe and Worldwide 1. Romania and the World 2. Wind energy sector situation in Europe 3. Wind energy sector situation in Romania Legal Regulations 1. Preparation of the investment project and construction of a renewable energy plant 1.1. Real rights required for developing a renewable energy plant 1.2. Romanian Land Register system 1.3. Issues that might impede/delay the investment process 1.4. Building Permit 1.5. Zoning classifcation and land designation 1.6. Environmental regulations 1.7. Grid connection 1.8. Setting-up authorisation 2. Power plant operation 2.1. Environmental 2.2. Operational licence 2.3. Sale of energy 3. Support scheme and green certifcates trading 3.1. Legal provisions 3.2. General framework 3.3. Accreditation 3.4. Green certifcates issuing 3.5. Green certifcates trading and registry 3.6. Excess of green certifcates 3.7. Large energy facilities 3.8. Overcompensation 3.9. Various investment aids and green certifcates 4. European Union legislation as regards the renewable energy industry 02 04 05 11 14 20 21 21 27 28 32 33 34 34 36
37 37 37 38 39 39 39 40 40 41 42 42 43 43
44 3. 4. 5. Surse de fnanare a investiiilor n energia regenerabil 1. Programe cofnanate de catre EU 2. Granturi SEE i norvegiene 3. Fonduri naionale 4. Alte instituii care ofer fnanri pentru proiectele de parcuri eoliene Constrngeri poteniale i perspective 1. Organizare societar 2. Capacitatea reelei i conectarea 3. Modifcri ale specifcaiilor tehnice 4. Protecia mediului 5. Proteste sociale 6. Limitrile infrastructurii 7. Durata procedurii 8. Impedimente n calea investiiilor Romnia n contextul UE 9. Dispersia surselor 10. Probleme fscale 11. Proftabilitatea energiei eoliene Alte surse de energie regenerabil 1. Energia solar 2. Energia geotermal 3. Energia hidro 4. Biomasa Lista abrevierilor 47 48 51 54 55 61 62 62 64 64 67 68 69 70 72 75 79 89 96 97 97 98 99 Sources of fnancing for renewable energy investment 1. Programmes co-fnanced by the EU 2. EEA and Norway Grants 3. National funds 4. Other institutions which offer fnancing for wind farm projects Business limitations and prospects 1. Corporate 2. Grid capacity and connection 3. Amendments to technical specifcations 4. Environmental protection 5. Social protests 6. Infrastructural limitations 7. Length of procedure 8. Obstacles to investments Romania in the context of the EU 9. Dispersion of sources 10. Tax issues 11. The proftability of wind energy Other renewable energy sources 1. Solar energy 2. Geothermal energy 3. Hydro energy 4. Biomass List of Acronyms Introducere Introduction n ultimul deceniu, energia eolian a fost tehnologia cu cea mai rapid cretere din lume. Ritmul de cretere cel mai mare a fost n Europa, Romnia stabilindu-i cu fermitate poziia sa internaional ca o ar atractiv pentru investitori. n ceea ce privete capacitile instalate n cursul anului 2011, Romnia cu cei 520 MW de capacitate eolian suplimentar instalat, s-a poziionat pe locul al aptelea, dup Germania, care a instalat aproape 2.100 MW, urmat de Marea Britanie, Spania, Italia, Frana i Suedia. Romnia, mpreun cu Polonia, rmn printre primele zece cele mai mari piee din Uniunea European pentru al doilea an consecutiv, conform raportrilor Asociaiei Europene a Energiei Eoliene, AEEE. Potrivit unor surse din industria energiei regenerabile, Romnia ii va dubla, probabil, capacitatea de energie eolian n decursul acestui an, ntruct investitorii pot accesa schema de sprijin pentru investiii n domeniul industriei energiei regenerabile aprobat de ctre Uniunea European. Se estimeaz creterea capacitii eoliene instalate de la aproximativ 1.000 MW instalai anul trecut pn la 2.000 MW la sfritul anului 2012. Sursele regenerabile de energie devin din ce n ce mai populare n ntreaga lume i, prin dezvoltarea sectorului energiei eoliene, Romnia are anse s genereze energie electric ecologic i cu emisii reduse, o securitate energetic mai mare, putnd astfel ndeplini cerinele UE cu privire la producerea de energie din surse regenerabile. Romnia poate susine o capacitate instalat de aproximativ 4.000 MW de energie eolian avnd n vedere infrastructura actual i capacitatea de rezerv. Acest nivel poate crete doar dac vor f fcute investiii suplimentare i noi uniti de producie vor deveni operaionale. Wind has been the fastest growing energy technology in the world for the past decade. The pace of growth has been greatest in Europe, and Romania has strongly established its international position as an attractive country for investors. In terms of annual installations during 2011, Romania, with its 520 additional MW of installed wind capacity, positioned itself as the seventh best regional leader after Germany, which installed almost 2,100 MW of new capacity, followed by the United Kingdom, Spain, Italy, France and Sweden. Together with Poland, Romania remains among the ten largest European Union markets for the second year running, according to the European Wind Energy Association, EWEA. According to renewable energy industry sources, Romania will probably double its wind-power capacity this year, as investors access European Union-approved incentives for investment in renewable industry. Installed wind power capacity will probably increase to almost 2,000 MW by the end of 2012 in Romania, up from around 1,000 MW at the end of last year. Renewable energy sources are becoming increasingly popular worldwide, and through the development of wind energy, Romania has a chance to achieve ecological, low-emission electricity generation and higher energy security, and to meet the EU requirements with regard to energy generation from renewable sources. Romania can support an installed capacity of about 4,000 MW of wind power, based on its current infrastructure and backup capacity. This may increase if additional investment is made and new generating units become operational. Chiar dac situaia n Romnia se mbuntete treptat, starea infrastructurii de transport i a procedurilor administrative de lung durat constituie impedimente n punerea n funciune de noi parcuri eoliene. Pe de alt parte, nevoia de dezvoltare intens i modernizare a infrastructurii energetice creeaz condiii pentru noi oportuniti de investiii. Piaa energiei eoliene ofer locuri de munc, nu numai n domeniul instalrii parcurilor sau al serviciilor. Din ce n ce mai multe companii i afaceri au nceput s desfoare operaiuni de cercetare i dezvoltare asociate energiei regenerabile. Producia de energie din surse regenerabile nu reprezint numai electricitate modern, ecologic, cu emisii poluante sczute, ci constituie, de asemenea, un factor care contribuie la creterea independenei fa de combustibilii fosili, care, indiferent de opinia noastr despre ei, sunt limitai i n cele din urm vor f epuizai. Aceasta nu este doar o tendin trectoare necesitatea de a utiliza surse regenerabile de energie a devenit un imperativ chiar i pentru cele mai mari puteri economice ale lumii. Avnd n vedere interesul crescut privind protecia mediului nconjurtor, reducerea polurii i schema de sprijin, n ediia anului 2012 am inclus un nou capitol referitor la alte surse regenerabile de energie (SRE), cum ar f energia solar, geotermal, biomas, hidro. Ultimul capitol este dedicat acestor SRE. Although the situation in Romania is improving, the condition of the transmission infrastructure and the increasingly lengthy administrative procedures still obstruct the commissioning of new wind farms. On the other hand, the need for intense development and modernisation of the energy infrastructure is creating grounds for new investment opportunities. The wind energy market creates jobs, and not only in areas related to wind farm installation and servicing: there are an increasing number of companies and businesses beginning to conduct research and development operations related to renewable energy. Energy generation from renewable sources not only provides fashionable, ecological, low- emission electricity, it also contributes to a growing independence from fossil fuels, which, whatever our opinion of them, are in limited supply and slowly being depleted. And this is not just a passing trend: the need for renewable energy sources has become clear even to the worlds top economic powers. In this 2012 edition we have included a new chapter addressing other renewable energy sources (RES) such as solar, geothermal, biomass, hydro energies, provided the great interest of different stakeholders in environmental protection, reduction of pollution and the support scheme available. Our fnal chapter is dedicated to these RES. Energia eolian n Romnia, Europa i n lume Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 5 1 3 2 4 5 Situaia la nivel mondial Sectorul energiei eoliene nregistreaz o dezvoltare dinamic la nivel mondial. n ultimii 1020 de ani, energia eolian a devenit o surs important de electricitate n anumite ri, care au intit spre o mbuntire a independenei energetice i o limitare a emisiilor poluante. La sfritul anului 2011 capacitatea total la nivel mondial a parcurilor eoliene a ajuns la 237.669 MW. Chiar n condiiile crizei, anul curent a nregistrat o cretere de 20% pe piaa global anual, chiar dac acest nivel de cretere este mai mic dect media ultimilor zece ani, de aproximativ 28%. Piaa eolian a crescut cu aproximativ 6% fa de 2010, i cei 40,5 GW de energie eolian nou instalai anul trecut reprezint investiii mai mari de 50 de miliarde de euro. Fiind una din sursele alternative de energie, energia eolian reprezint un substitut ecologic pentru combustibilii fosili facilitnd o independen energetic mai mare a rilor, limitnd importul de combustibili fosili. Dezastrul nuclear din Japonia i scurgerile de ulei din Golful Mexic au atras atenia la nivel mondial cu privire la sigurana utilizrii surselor alternative de energie. China a devenit cel mai mare productor de energie eolian la nivel mondial, confrmndu-i astfel implicarea n utilizarea surselor de energie ecologice. China s-a clasat pe primul loc n ceea ce privete capacitatea eolian total instalat, aceasta ajungnd la 62.364 MW. China a nfinat noi parcuri eoliene, adugnd nc 17.631 MW numai n decursul anului 2011. n ceea ce privete capacitatea eolian instalat n Europa, Germania s-a clasat pe locul nti cu 29.060 MW, urmat de Spania cu 21.674 MW. Germania a fost cea mai mare pia din UE n 2011 instalnd un plus de 2.086 MW. Marea Britanie a ocupat locul al doilea cu 1.293 MW, incluznd 752 MW de capacitate instalat pe mare, urmat de Spania (1.050 MW), Italia (950 MW), Frana (830 MW), Suedia (763 MW) i Romnia (520 MW). ntre pieele centrale i est-europene emergente, Polonia, care a instalat 436 MW n anul 2011, s-a clasat n urma Romniei. Worldwide The wind energy sector is developing dynamically worldwide. Over the past 10-20 years, wind energy has become an important source of electricity for a number of countries seeking to improve their energy independence and limit emissions. By the end of 2011 the aggregate global wind farm capacity had reached 237,669 MW. Despite the economic crisis, the current year has seen an increase of 20% in the size of the global annual market, albeit this is below the average of the last 10 years of around 28%. The worldwide wind market has grown by some 6% compared with 2010, and the 40.5 GW of new wind power brought on line last year represents an investment of more than EUR 50 billion. As an alternative energy source, wind energy provides an ecological substitute for fossil fuels and facilitates higher energy independence for individual countries, limiting imports of fossil fuels. The nuclear disaster in Japan and the oil spill in the Gulf of Mexico have drawn global attention to the safety offered by the use of alternative energy sources. China has become the worlds top global wind energy producer, thereby confrming its commitment in the use of ecological energy sources. China was ranked frst in terms of its total installed wind farm capacity with 62,364 MW. It also developed new wind farms with a capacity of 17,631 MW during 2011 alone. In terms of installed capacity of wind power plants in Europe, Germany was ranked frst with 29,060 MW, ahead of Spain with 21,674 MW. Germany was the largest European wind energy market in 2011, installing 2,086 MW of new capacity. The UK came second with 1,293 MW, including 752 MW of offshore capacity, followed by Spain (1,050 MW), Italy (950 MW), France (830 MW), Sweden (763 MW) and Romania (520 MW). Among the emerging markets of Central and Eastern Europe, Poland came second after Romania with 436 MW of new capacity. Romania and the World 500 2010 ANRE NREAP REALITY 2011 2012 2013 2017 2014 2018 2015 2019 2016 2020 2000 3500 1000 2500 4000 S u r s a :
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R W E A 1500 3000 Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 6 1 3 2 4 5 Romnia Energia eolian a preluat conducerea n rndul surselor de energie alternativ din Romnia. Potrivit Autoritii Naionale de Reglementare n domeniul Energiei (ANRE), capacitatea total a parcurilor eoliene n uz se ridica la 1.140 MW n aprilie 2012 fa de 982 MW n decembrie 2011, 469 MW n mai 2011 i 462 MW n decembrie 2010. Piaa romneasc a energiei eoliene a cunoscut un ritm rapid de cretere n vederea atingerii obiectivelor europene, instalndu-se peste 1.000 MW pn la sfritul celui de-al doilea trimestru al anului 2012, din care 448 MW instalai n 2010 i 520 MW instalai n 2011. Cu toate acestea, pn la sfritul anului 2011 piaa energiei eoliene era nc cu puin n urma estimrilor ANRE i PNAER (Planul Naional de Aciune n Domeniul Energiei din Surse Regenerabile), dup cum este reprezentat n diagrama de mai jos: Romania Wind energy has taken the lead among alternative energy sources in Romania. According to the Energy Regulatory Authority (ANRE), the total capacity of wind farms in use amounted to 1,140 MW in April 2012, compared with 982 MW in December 2011, 469 MW in May 2011 and 462 MW in December 2010. The Romanian wind energy market has made signifcant progress towards reaching European targets, with over 1,000 MW of installed wind capacity at the end of the second quarter of 2012, of which 448 MW was installed in 2010 and 520 MW in 2011. However, by the end of 2011 the wind energy market was still lagging slightly behind the estimates of ANRE and the National Renewable Energy Action Plan (NREAP), as depicted in the chart below: According to renewable energy industry sources, Romania will probably double its wind power capacity this year, as investors access European Union-approved incentives for investment in the renewable industry. Large international corporations have already invested in wind farms in Romania, with manufacturers following in their footsteps. The extremely attractive production sector in terms of quality and the relatively low labour costs facilitates the development of new investment projects. Romanias potential has been recognised, among other sources, in the Ernst & Young report on Renewable energy country attractiveness indices (February 2012). The report ranked Romania 10th in the world with regard to wind energy potential, after having previously been ranked 12th. Potrivit unor surse din domeniul industriei energiei regenerabile, Romnia i va dubla, probabil, capacitatea eolian n decursul acestui an, investitorii ncepnd s aib acces la schemele de sprijin a industriei energiei regenerabile aprobate de ctre Uniunea European. Corporaii internaionale importante au investit deja n parcurile eoliene din Romnia, productorii pind pe urmele lor. Atractivitatea foarte mare a sectorului de producie n contextul att al calitii, ct i al costurilor relativ sczute ale forei de munc, faciliteaz dezvoltarea de noi proiecte de investiii. Potenialul Romniei a fost recunoscut, printre altele, n raportul Ernst & Young despre indicii de atractivitate a energiei eoliene pe ri (publicat n februarie 2012). Studiul a clasat Romnia pe locul al zecelea n lume cu privire la potenialul energiei eoliene, anterior situndu- se pe locul al doisprezecelea. 560 1250 1850 2450 2880 3200 3400 3400 3400 3400 3900 3400 4000 3750 3600 519 992 S u r s a :
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G W E C 50000 2010 2011 1996 1997 2001 2006 1998 2002 2007 1999 2003 2008 2000 2005 2004 2009 200000 100000 250000 150000 15 GWEC Global Wind 2011 Report Global Annual Installed Wind Capacity 1996-2011 [ MW ] 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 1,280 1,530 2,520 3,440 3,760 6,500 7,270 8,133 8,207 11,531 15,245 19,866 26,560 38,610 38,828 40,564 Source: GWEC Global Cumulative Installed Wind Capacity 1996-2011 50,000 100,000 150,000 200,000 250,000 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 [ MW ] 2010 2011 6,100 7,600 10,200 13,600 17,400 23,900 31,100 39,431 47,620 59,091 74,052 93,820 120,291 158,864 197,637 237,669 Source: GWEC Annual Installed Capacity by Region 1996-2011 [ MW ] Europe North America Asia Pacic Africa & Middle East Latin America 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: GWEC Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 7 1 3 2 4 5 Situaia sectorului energiei eoliene la nivel mondial La sfritul anului 2011, capacitatea total instalat la nivel mondial s-a ridicat la mai mult de 237 GW. n ciuda crizei, anul curent a cunoscut o cretere de 20%, cu o cretere a dimensiunii pieei globale anuale de peste 6%. Potrivit CGEE (Consiliul Global al Energiei Eoliene), aproximativ 75 de ri din ntreaga lume au instalat capaciti de energie eolian. 21 dintre ele au trecut deja peste nivelul de 1 GW. The wind energy sector situation worldwide At the end of 2011, the total installed capacity of wind energy worldwide amounted to more than 237 GW. Despite the economic crisis, the current year has witnessed an increase of 20% against a change in the global annual market increase of just over 6%. According to the GWEC, about 75 countries worldwide have installed commercial wind power and of these 21 have already passed the 1 GW threshold. Chinas total attainable capacity amounts to 62.3 GW, which constitutes 26.2% of global resources. In second place after China is the United States with 46.9 GW and a 19.7% share in global capacity. Germany ranks third with 29 GW and a 12.2% share. Capacitatea total a Chinei s-a ridicat la 62,3 GW, ceea ce nseamn 26,2% din resursele globale. Pe poziia a doua a clasamentului, dup China, se af Statele Unite, cu 46,9 GW i o cot de 19,7% din capacitatea pieei la nivel mondial. Germania se af pe locul al treilea cu 29 GW i o cot de 12,2%. Capacitatea eolian global cumulat 1996-2011 Capacitatea anual instalat pe regiuni 1996-2011 Global Cumulative Installed Wind Capacity 1996-2011 Annual Installed Capacity by Region 1996-2011 197,637 237,669 6,100 7,600 23,900 74,052 10,200 31,100 93,820 13,600 39,431 120,291 17,400 59,091 47,620 158,864 S u r s a :
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G W E C Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 8 1 3 2 4 5 Capacitatea total a parcurilor eoliene la nivel mondial la sfritul anului 2011 Global wind farm capacity at the end of 2011 According to the GWEC, in 2011 China recorded substantial growth, adding a further 17,630.09 MW of new wind capacity and imposing itself as the worlds leading wind market with a total of 62,364.2 MW of installed capacity by the end of the year. Potrivit CGEE, n 2011 China a nregistrat o cretere remarcabil adugnd 17.630,09 MW de capacitate eolian, impunndu-se astfel ca lider pe aceast pia cu un total de 62.364,2 MW instalai pn la sfritul anului 2011. ara Capacitate eolian n 2011 (MW) Procent 2011 Capacitate eolian n 2010 (MW) Procent 2010 Country Wind capacity in 2011 (MW) Share 2011 Wind capacity in 2010 (MW) Share 2010 China China 62364 26.24% 44733 22.63% SUA USA 46919 19.74% 40298 20.39% Germania Germany 29060 12.23% 27191 13.76% Spania Spain 21674 9.12% 20623 10.43% India India 16084 6.77% 13065 6.61% Frana France 6800 2.86% 5970 3.02% Italia Italy 6737 2.83% 5797 2.93% Marea Britanie United Kingdom 6540 2.75% 5248 2.66% Canada Canada 5265 2.22% 4008 2.03% Portugalia Portugal 4083 1.72% 3706 1.88% Alte ri Other countries 32143 13.52% 26998 13.66% TOTAL GLOBAL TOTAL WORLDWIDE 237669 100.00% 197637 100.00% 5000 30000 20000 45000 10000 35000 25000 15000 40000 S u r s a :
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G W E C Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 9 1 3 2 4 5 Capacitatea eolian instalat i dat spre folosin n anul 2011 Capacitatea eolian global instalat anual 1996-2011 New wind farm capacity released for use in 2011 Global Annual Installed Wind Capacity 1996-2011 The global annual installed wind capacity increased by 4.47% in 2011 compared with 2010, an improvement on the only 0.56% increase in 2010 compared with 2009. However, the global installation of new wind capacity has slowed over the last three years, following its largest ever increase, in 2009, from 26.5 GW to 38.6 GW, representing a rate of growth of just over 45%. The fgures in the tables above are affected by project decommissioning of approximately 532 MW. Capacitatea eolian instalat pe plan mondial a nregistrat o cretere de 4,47% n anul 2011 fa de 2010, comparativ cu o cretere de doar 0,56% n 2010 fa de 2009. Cu toate acestea, ritmul punerii n funciune a capacitilor de energie eolian s-a redus n ultimii trei ani n comparaie cu creterea cea mai semnifcativ nregistrat n 2009 fa de anul precedent, care a fost puin peste 45%, de la 26,5 GW la 38,6 GW. Cifrele din tabelele anterioare sunt infuenate de un numr de proiecte desfinate nsumnd aproximativ 532 MW. ara Capacitate eolian n 2011 (MW) Procent 2011 Country Wind capacity in 2011 (MW) Share 2011 China China 17631 43.5% SUA USA 6810 16.8% India India 3019 7.4% Germania Germany 2086 5.1% Marea Britanie UK 1293 3.2% Canada Canada 1267 3.1% Spania Spain 1050 2.6% Italia Italy 950 2.3% Frana France 830 2.0% Suedia Sweden 763 1.9% Alte ri Other countries 4865 12.0% TOTAL GLOBAL TOTAL WORLDWIDE 40564 100.00% 38,828 40,564 1,280 1,530 6,500 15,245 2,520 7,270 19,866 3,440 8,133 26,560 3,760 11,531 8,207 38,610 2010 2011 1996 1997 2001 2006 1998 2002 2007 1999 2003 2008 2000 2005 2004 2009 Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 10 1 3 2 4 5 Energia eolian n contextul crizei economice Wind energy in the context of economic crisis The global fnancial crisis has contributed to the decline in economic potential, and consequently investment by international companies has been severely limited or even postponed. However, despite a drop in the gross national products of most countries, investment in the renewable energy sector has not fallen. It remained at the same level as in the previous year, and in 2011 a substantial increase was observed. Indeed, 2011 has been an advantageous year for the global wind power market thanks to the efforts of certain national markets. According to Bloomberg New Energy Finance (BNEF), global investment in clean energy reached a new high of USD 260 billion in 2011 (from USD 247 billion in 2010), almost fve times the USD 53.6 billion amount seen in 2004. The share of this investment moving to emerging economies and developing countries has risen dramatically in this period, from 19% in 2004 to 46% in 2011. The main factors that contributed to this growth in investment are the new wind farms in China and the installation of household solar panels throughout Europe. Among the developing countries, by far the largest share of investment in renewable energy has occurred in the three large emerging economies of Brazil, China and India, which together account for almost US$ 60 billion. Investment attractiveness is also boosted by the declining cost of wind farm construction. The average price of a wind turbine has dropped by 18% per 1 MW during the last two years and nearly one third since 2008, refecting the growing competition among manufacturers. Criza fnanciar global a contribuit la declinul potenialului economic i investiiile companiilor internaionale au fost n mod semnifcativ reduse sau chiar amnate. Cu toate c produsul intern brut s-a redus n majoritatea rilor, investiiile n sectorul energiei regenerabile nu au nregistrat scderi. Au rmas la acelai nivel ca i n anul anterior. n schimb, n anul 2011 s-a remarcat o cretere substanial n acest tip de investiii. 2011 a fost un an avantajos pentru piaa mondial a energiei eoliene ca urmare a eforturilor unora dintre pieele naionale. Potrivit Bloomberg New Energy Finance (BNEF), investiiile globale n energie regenerabil au atins n 2011 un nou record de 260 miliarde USD (de la 247 miliarde USD n 2010), aproape de cinci ori mai mult dect n 2004 (ca. 53,6 miliarde USD). Procentul din aceast investiie n cazul economiilor emergente i rilor n curs de dezvoltare a crescut semnifcativ n aceast perioad, de la 19% n 2004 la 46% n 2011. Factorii cheie care au contribuit la creterea investiiilor au fost parcurile eoliene din China i panourile solare de uz caznic instalate n ntreaga Europ. Printre rile n curs de dezvoltare, de departe cea mai mare parte a investiiilor n domeniul energiei regenerabile au fost nregistrate n cele mai mari trei economii emergente din Brazilia, China i India care nsumeaz aproape 60 miliarde USD. Atractivitatea investiional este de asemenea favorizat i de costurile n scdere privind construcia de parcuri eoliene. Preul mediu al unei turbine a sczut cu 18% pentru un MW n ultimii doi ani i aproape cu o treime fa de 2008, refectnd intensifcarea concurenei n rndul productorilor de echipamente. Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 11 1 3 2 4 5 The wind energy sector situation in Europe During 2011, 10,281 MW of wind power was installed across Europe, with European Union states accounting for 9,618 MW of the total, very similar to the 9,648 MW installed in 2010. Investment in EU wind farms in 2011 amounted to EUR 12.6 billion. The total wind power capacity to be installed in the EU by the end of 2011 will, in a normal wind year, produce 204 TWh of electricity, enough to meet 6.3% of overall EU electricity consumption (up from 5.3% in 2010). 2011 was a record year for new power generation installations in the EU, with 44.9 GW of new capacity being added to the grid, a 3.9% increase compared with 2010. Wind power accounted for 21.4% of the new power installations, the third largest share after solar PV panels (46.7%) and gas (21.6%). New coal installations represented only 4.8% of newly installed capacity, followed by fuel oil at 1.6%, large hydro, 1.3%, and CSP, 1.1%. Nuclear, biomass, waste, geothermal and ocean technologies each accounted for less than 1% of new installations. 2011 also saw 6.3 GW of nuclear capacity being decommissioned and over 1 GW of fuel oil capacity taken offine.
At the same time, more renewable generating capacity was installed in the EU than ever before, with 32.1 GW of new generating capacity, with renewables representing 71.3% of all new installations. This is the fourth year running that renewables have represented more than 50% of all new installed capacity. Given the change of direction in German energy policy i.e. the announced withdrawal from the nuclear energy industry a further signifcant increase in Germanys involvement in the renewable energy sector is expected with a particular focus on wind energy. n cursul anului 2011, 10.281 MW de energie eolian au fost instalai n ntreaga Europ, statele Uniunii Europene realiznd 9.618 MW din totalul nregistrat, nivel foarte apropiat de cei 9.648 MW instalai n 2010. Investiiile din UE pe parcursul anului 2011 n industria parcurilor eoliene s-au ridicat la 12,6 miliarde de euro. Capacitatea total de energie eolian instalat n UE la sfritul anului 2011 va produce pe parcursul unui an obinuit 204 TWh de electricitate, sufcient pentru a satisface 6,3% din consumul total de energie electric din UE (de la 5,3% n 2010). 2011 a fost un an record pentru noile instalaii de producere a energiei electrice din UE, cu 44,9 GW de capacitate energetic nou adugat la reea, o cretere de 3,9% comparativ cu 2010. Energia eolian a reprezentat 21,4% din instalaiile noi, a treia mare pondere dup instalaiile solare fotovoltaice (46,7%) i de gaze (21,6%). Instalaiile noi pe baz de crbune au reprezentat doar 4,8% din capacitatea adugat, combustibilul pe baz de ulei: 1,6%, hidrocentrale: 1,3% i energie solar concentrat: 1,1%. Tehnologiile nucleare, biomas, deeuri, tehnologiile geotermale i oceanice au reprezentat, fecare n parte, mai puin de 1% din totalul noilor instalaii. n decursul anului 2011, 6,3 GW de capacitate nuclear a fost scoas din funciune i peste 1 GW de capacitate de combustibil lichid a fost deconectat. Concomitent, mai mult dect oricnd, capacitatea de energie regenerabil instalat n UE a nregistrat o cretere de 32,1 GW, regenerabilele reprezentnd 71,3% din totalul noilor instalaii. Este al patrulea an consecutiv cnd energia regenerabil a reprezentat mai mult de 50% din ntreaga capacitate nou instalat. n contextul modifcrilor direciilor generale ale politicii energetice germane mai precis privind anunul de retragere din industria energiei nucleare, este de ateptat o cretere semnifcativ a interesului Germaniei pentru domeniul energiei regenerabile, cu accent deosebit pe energia eolian. Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 12 1 3 2 4 5 Puterea eolian instalat n Europa la sfritul lui 2011 Irlanda Ireland 1,631 Marea Britanie UK 1,631 Spania Spain 21,674 Frana France 6,800 Belgia Belgium 1,078 Olanda Netherlands 2,328 Germania Germany 29,060 Polonia Poland 1,616 Romnia Romania 982 Turcia Turkey 1,799 Ucraina Ukraine 151 Lituania Lithuania 179 Letonia Latvia 31 Norvegia Norway 520 Suedia Sweden 2,907 Finlanda Finland 197 Rusia Russia n/a Estonia 184 Bulgaria 612 Cehia Czech Republic 217 Austria 1,084 Croaia Croatia 131 Grecia Greece 1,629 Slovacia Slovakia 3 Ungaria Hungary 329 Danemarca Denmark 3,871 Elveia Switzerland 46 Italia Italy 6,747 Portugalia Portugal 4,083 Wind power installed in Europe by the end of 2011 S u r s a :
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E W E A Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 13 1 3 2 4 5 ara Creterea capacitii (MW) n 2011 Poziia privind capacitatea instalat Capacitatea cumulat la fnal de 2011 (MW) Procent de cretere (2010- 2011) Procent n capacitatea UE27 Country Capacity increase (MW) in 2011 Capacity increase ranking position Aggregate capacity at the end of 2011 (MW) Capacity change (2010-2011) Share in capacity in EU27 Germania Germany 2086 1 29060 7.7% 30.9% Marea Britanie United Kingdom 1293 2 6540 24.6% 7.0% Spania Spain 1050 3 21674 5.1% 23.1% Italia Italy 950 4 6737 16.4% 7.2% Frana France 830 5 6800 13.9% 7.2% Suedia Sweden 763 6 2907 35.6% 3.1% Romnia Romania 520 7 982 112.6% 1.0% Polonia Poland 436 8 1616 36.9% 1.7% Portugalia Portugal 377 9 4083 10.2% 4.3% Grecia Greece 311 10 1629 23.6% 1.7% Irlanda Ireland 239 11 1631 17.2% 1.7% Belgia Belgium 192 12 1078 21.7% 1.1% Danemarca Denmark 178 13 3871 4.8% 4.1% Bulgaria Bulgaria 112 14 612 22.4% 0.7% Austria Austria 73 15 1084 7.2% 1.2% Olanda Netherlands 68 16 2328 3.0% 2.5% Cipru Cyprus 52 17 134 63.4% 0.1% Estonia Estonia 35 18 184 23.5% 0.2% Ungaria Hungary 34 19 329 11.5% 0.4% Lituania Lithuania 16 20 179 9.8% 0.2% Republica Ceh Czech Republic 2 21 217 0.9% 0.2% Letonia Latvia 1 22 31 3.3% 0.0% Finlanda Finland 0 23 197 0.0% 0.2% Luxemburg Luxemburg 0 24 44 0.0% 0.0% Slovacia Slovakia 0 25 3 0.0% 0.0% Malta Malta 0 26 0 - 0.0% Slovenia Slovenia 0 27 0 - 0.0% UE 27 EU 27 9618 - 93950 11.4% 100.0% Parcurile eoliene din Europa informaii statistice European wind farm sector statistics S u r s a :
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E W E A Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 14 1 3 2 4 5 The wind energy sector situation in Romania The pace of development of the wind energy sector in Romania has accelerated over the last couple of years. Despite the existing barriers and limitations, companies investing in wind energy in Romania have been successful in developing more effective ways of operating and approaches to market obstructions. The data released by the Romanian Wind Energy Association (RWEA) show that by the end of 2011 there was 982 MW of installed capacity, of which 520 MW was installed during 2011, out of which 97% of the total capacity installed in the South-Eastern part of the country (the Dobrogea area). In 2012 the RWEA offcials have noted a shift towards the North-East. It should be noted that these large percentage increases are the result not only of a low base point but also the relatively large size of projects released for use. Ritmul de dezvoltare a sectorului energiei eoliene n Romnia s-a accelerat pe parcursul ultimilor ani. Cu toate barierele i limitrile existente, companiile care investesc n domeniul energiei eoliene din Romnia au dezvoltat metode operaionale mai efciente n abordarea obstacolelor pieei. Datele publicate de AREE arat c pn la sfritul anului 2011 a fost instalat o capacitate total de 982 MW, din care 520 MW n cursul anului 2011, 97% din capacitile instalate sunt amplasate n partea de sud-est a rii (zona Dobrogea). n 2012, potrivit AREE, experii observ o deplasare spre nord-estul rii. Trebuie remarcat faptul c procentul considerabil de cretere nu rezult numai dintr-o baz de raportare sczut, ci, de asemenea, din dimensiunea relativ mare de proiecte care au fost date n folosin. An Capacitate instalat (MW) Year Installed capacity (MW) 2009 14 2010 462 2011 982 Aprilie 2012 / April 2012 1140 MW de energie eolian instalai n Romania MW installed in wind in Romania n baza unui program de sprijin, Romnia a atras numeroi investitori n industria energiei din surse regenerabile, inclusiv Iberdrola SA (IBE), cel mai mare productor din Portugalia EDP (EDP), EON AG din Germania i Enel SA din Italia. Intenia este de a atrage 5 miliarde de euro n investiii eoliene pn n anul 2020 n cadrul acestui sistem de sprijin. Romania has used an incentive programme to attract investors to its renewable energy industry. Investors include Iberdrola SA (IBE), Portugals largest utility EDP (EDP), Germanys largest utility EON AG and Italys Enel SA. It aims to attract EUR 5 billion in wind-power investment by 2020 under the incentive programme. S u r s a :
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R W E A Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 15 1 3 2 4 5 CEZ, the Czech Republics largest power producer, is one of the largest investors in wind energy in Romania thanks to its EUR 1.1 billion Fntnele-Cogealac wind farm in the Constana region, near the Black Sea. The wind farm currently has 388 MW of operational capacity, and CEZ plans to fnish construction of the entire 600 MW wind farm by the end of this year. In May 2012, Monsson Group, a Romanian private wind energy developer with a 2,400 MW portfolio of projects, announced the sale of its 108 MW Crucea North Wind Farm Project in Constana County to STEAG GmbH, one of Germanys largest electricity producers. STEAG will invest around EUR 200 million in this wind farm, which will have 36 of 3MW wind turbines supplied by Vestas. Crucea North will evacuate the electricity to a new transformer station in nearby Stupina, which will be connected to the 400kV Transelectrica high voltage national grid. The new transformer station will make it easier for further wind farms in the area to be connected to the national grid. The project is planned to be operational by the end of 2013, indirectly creating around 100 new jobs. In the second quarter of 2012, a Romanian consortium signed agreements with the Chinese frm Sinovel Wind Group for the supply and servicing of equipment. The consortium members C-Tech SRL and Rokura SRL are planning to develop wind farms with a total capacity of 1,200 MW and their agreement with Sinovel runs until 2016, according to the Romanian Ministry of Economy, Trade and Business Environment, whose representatives went on an offcial visit to China in May 2012. At the beginning of 2011, Austrias largest energy provider, Verbund, began construction of the frst phase of a 200 MW wind farm in Casimcea, in the Dobrogea area, a project estimated at EUR 300 million. In 2012, there is a plan for the gradual commissioning of the wind farm, which will ensure the production of 600 GWh of electricity, providing energy for 400,000 households. The investor also plans to install extended capacities of 700 MW in the Topolog-Casimcea-Daeni- Dorobanu region, on the border between Tulcea and Constana counties. This project will be the largest onshore wind farm in Europe, exceeding the capacity of the planned CEZ investment in Fntnele-Cogealac. CEZ, cel mai mare productor de energie din Republica Ceh, este unul dintre cei mai mari investitori n domeniul energiei eoliene din Romnia, investind 1,1 miliarde de euro n parcul eolian din regiunea Constana, n apropierea Mrii Negre. n cadrul proiectului dezvoltat de CEZ la Fntnele Cogealac, capacitatea operaional curent este de 388 MW. Investitorul intenioneaz s fnalizeze construcia parcului eolian cu capacitate total de 600 MW pn la fnele anului n curs. n mai 2012, grupul Monsson, un dezvoltator privat romn de energie eolian, cu un portofoliu de proiecte de capacitate total de 2.400 MW, a anunat vnzarea proiectului parcului eolian Crucea Nord de 108 MW din judeul Constana ctre STEAG GmbH, unul dintre cei mai mari productori de electricitate din Germania. STEAG va investi n jur de 200 milioane de euro n acest parc eolian, care va avea 36 de turbine a cte 3 MW fecare, furnizate de Vestas. Crucea Nord va livra energia electric la o staie de transformare nou n apropiere de Stupina, care se va conecta la reeaua naional de nalt tensiune de 400 kV a Transelectrica. Noua staie de transformare va facilita altor parcuri eoliene din zon conectarea la reeaua naional. Se preconizeaz c proiectul va f operaional pn la sfaritul anului 2013 i c va crea, n mod indirect, n jur de 100 de noi locuri de munc. n al doilea trimestru al anului 2012, un consoriu romn a semnat acorduri cu grupul chinez Sinovel Wind Group pentru furnizarea de servicii i echipamente. Membrii consoriului C-Tech SRL i Rokura SRL intenioneaz s dezvolte parcuri eoliene cu o capacitate total de 1.200 MW i contractul acestora cu Sinovel se va derula pn n 2016, potrivit Ministerului Romn al Economiei, Comerului i Mediului de Afaceri, ai crui reprezentani au fost ntr-o vizit ofcial n China n mai 2012. La nceputul anului 2011, cel mai mare furnizor de energie al Austriei, Verbund, a demarat construcia primei faze - de 200 MW - a parcului eolian din Casimcea, Dobrogea, proiect estimat la 300 milioane de euro. Conform planului, se preconizeaz punerea treptat n funciune n 2012 a acestui parc eolian, care va genera 600 GWh, asigurnd energie pentru 400.000 de gospodrii. Investitorul intenioneaz s construiasc capaciti extinse de 700 MW n regiunea Topolog Casimcea - Deni- Dorobanu, situat la grania dintre judeele Tulcea i Constana. Proiectul va f cel mai mare parc eolian pe uscat din Europa, depind capacitatea investiiei prognozate de CEZ la Fntnele- Cogealac. FantaneIe(Est+Vest) 345MW Pestera(RED) 90MW AgighioI (RED) 34MW(EneI GP)+70+70+35(RED)MW Cernavoda(RED) 69+69+10MW CogeaIac EoIica 600MW+600MW Casimcea(Beta Wind) 250MW Casimcea(Verbund) 98,9+126.1+57MW Dorobantu (Land Power) 168 MW+54MW(RED) Targusor 272M+50,6MW+50(RED)+18(RED) VaIea DaciIor 147MW VaIea NucariIor 399MW+5+5MW VaIea NucariIor(RED) 6,95MW Independenta 432,65 MW StaIpu 27 MW+400+93MW Insuratei 126 MW Ivesti 406 MW Baia(RED) 2,72+5+10+10+25+9MW Mihai ViteazuI(RED) 80+3,2+2,4+29,9+0,8+6+8MW Casimcea(RED) 5,8+10+10+10+27+6MW Chirnogeni(RED) 76MW Corbu(RED) 0,09+0,6MW+6,6MW DeIeni(RED) 9+8+45MW Corugea(RED) 70MW Fagarasu Nou(RED) 3+0,6+6,09+10+8MW GaIbiori(RED) 5MW Greci(RED) 72,5MW JuriIovca(RED) 4MW Limanu(RED) 10+48MW Lastuni(RED) 7,5MW AIbesti(RED) 40MW Baneasa(RED) 10MW Biruinta(RED) 8MW Babadag(RED) 33,6+ +31.5MW 8,4 Macin(RED) 0,6+1,14MW Mahmudia(RED) 4MW Mireasa(RED) 10MW MurighioI(RED) 7,5MW NaIbant(RED) 0,6+0,9+27,5+7,5+1,5MW N.BaIcescu(RED) 28MW Nistoresti(RED) 9MW PanteIimon(RED) 1,6+2,4+4+4,8MW Pecineaga(RED) 50+5+4+6+4+24+48+77,5MW Pestera(RED) 204MW Piatra(RED) 8MW SaceIe(RED) 7,5+10+3MW+(10+9+9MW)(RED) Sarichoi(RED)33MW Saraiu(RED) 32,5MW SarighioI DeaI(RED) 8MW Satu Nou(RED)8MW SiIistea(RED) 25MW+5MW Stejaru(RED) 34MW TichiIesti(RED) 27,5MW TopoIog(RED) 0,66+8,55+15MW Tortomanu(RED) 8+6+8MW VuIturu(RED) 5MW+8MW TuIcea(RED) 10+6,9MW Cerna(RED) 72+17,5MW VuIturu 108+110+108MW DuIgheru 96MW SaceIe 102MW Somova 30+33+33+33+33MW+6MW(RED) Vacareni 99+99+99+76,5+14+36+20MW DeIeni 282.9MW Medgidia Sud 296MW CiocarIia(RED) 49MW + 7.2MW Limanu(RED) 24MW Baia 63MW+33MW(RED) Chirnogeni(RED) 51MW Seimeni (RED) 7,5MW+9MW MihaiI KogaIniceanu (RED) 69+7,4MW Mihai Bravu (RED) 1,5+7,8MW+10MW FoItesti(RED) 9,8+10 MW Frumusita(RED) 33+15 MW Corni(RED) 70+10 MW VarIezi(RED) 6+6MW CudaIbi(RED) 10MW Vanatori(RED) 10+10+10+10+10+10+10MW UrIeasca(RED) 10+10+10+10MW Cuza Voda(RED) 6MW ScheIa(RED) 8MW Ianca(RED) 8MW Bordei Verde(RED) 8MW Insuratei(RED) 10+60MW Podgoria(RED) 45MW Scanteiesti(RED) 2,5MW Costi(RED) 0,23MW SmuIti(RED) 2MW TopIiceni(RED) 10MW Com. CaIugareni(RED) 10MW Viisoara(RED) 10MW Costis(RED) 10MW Branistea(RED) 2MW Jugureni(RED) 10+10MW Luciu PogoaneIe(RED) 8MW Victoria(RED) 8MW Dudesti(RED) 8MW SurdiIa Gaiseanca(RED) 28MW SaIcia Tudor(RED) 50MW Beceni(RED) 30MW Racoviteni(RED) 40MW GemeneIe(RED) 47,5MW BaIeni(RED) 10+10+10+10+10MW Tecuci(RED) 30MW Muntenii de jos(RED) 0,23MW Lipovat I(RED) 6MW Negresti(RED) 64MW EmiI Racovita(RED) 4MW Lipovat II(RED) 2MW Ghermanesti Dancesti(RED) 10MW Ruginesti(RED) 1,2MW VuIcani+AIbesti(RED) 24MW+26MW Vanatori(RED) 9 MW Candesti(RED) 0,9MW Bucecea(RED) 0,03MW Sat Dienet DeaI(RED) 0,23MW Auseu Borod(RED) 70,2MW MoIdova Noua(RED) 50+30MW Oravita Poieni(RED) 9MW Oravita(RED) 2,5MW Vrani(RED) 100MW Sf.EIena(RED) 48+84MW Sadova Veche(RED) 0,007MW JimboIia(RED) 60MW BaIotesti(RED) 0,005MW Frumusita 150MW PIatonesti 136MW+ 15MW(RED)+45MW(RED) Romanu 90MW Tudor VIadimirescu 15+15+15+15+18+93MW Pechea 150MW Beresti Meria(RED) 30MW IjiIeni Frumusita(RED) 45MW Tecuci(RED) 34MW Cornea 200MW Tibanesti,Tibana,Mironeasa, Scheia- 224+42,5+311+65 MW Dumesti 99 MW TopIet (RED)1,8+48,6MW Homoraciu(RED) 30MW Facaeni VIadeni(RED) 52MW Tataru(RED) 2,5MW ZapIazi TopIiceni(RED) 2,5MW VaIea ParuIui Beceni(RED) 8MW Grebanu(RED) 9,9MW FaIciu+Berezeni(RED) 39MW Rosiesti(RED) 46MW Vetrisoaia(RED) 72MW Ghermanesti Dranceni(RED) 5,4MW Dranceni(RED) 3,6MW Dranceni,Arsura,Duda,Epureni(RED) 67MW SuIita(RED) 65MW Dingeni Gorbanesti(RED) 46,9MW Borca (RED) 50 MW SireteI(RED) 9 MW SticIaria(RED)40 MW Racaciuni(RED) 14,4MW Siret(RED) 90MW Nigotesti,Vadu MoIdovei,Viisoara (RED) 45 MW Dersca(RED) 66MW DeIeni(RED) 33MW SannicoIau Mare(RED) 36MW Poieni Oravita (RED) 12,5MW Agadici (RED) 15MW Pogara (RED) 0,00891MW Cornereva (RED) 48MW Racasdia (RED) 0,007MW PetriIova (RED) 0,015MW Marga (RED) 0.0038MW Rasuceni(RED) 25MW TOTAL(MW) RET(MW) RED(MW) CU AVIZE TEHNICE DE RACORDARE 8721,22 7364,8 1356,42 CU CONTRACTE DE RACORDARE 14440,224 9405,2 5035,024 TOTAL GENERAL 23161,444 16770 6391,444 CU P.I.F. 1314,304 486,4 827,904 SITUATIA PROIECTELOR CENTRALELOR ELECTRICE EOLIENE Legenda eoIiene CENTRALE ELECTRICE EOLIENE IN FUNCTIUNE CENTRALE ELECTRICE EOLIENE CU CONTRACT DE RACORDARE CENTRALE ELECTRICE EOLIENE CU AVIZ TEHNIC DE RACORDARE (RED) CENTRALE ELECTRICE EOLIENE RACORDATE LA RETEAUA ELECTRICA DE DISTRIBUTIE ROMANIA HARTA RET SI A CENTRALELOR ELECTRICE EOLIENE LA 20.08.2012 Dorobantu (RED)45MW Caierac(RED) 6,9MW DeaIu Redi(RED) 5MW Crucea(RED) 150MW+9MW Crucea 97,5+108+100+100+84MW Baneasa 66MW Ddobromir 183MW Saraiu 87+55MW VaIea TeiIor(RED) 0,6MW 23 August(RED) 48+6MW Cumpana(RED) 8MW Remus Opreanu(RED) 62MW Gurbanesti(RED) 7,4MW Luica(RED) 7,4MW OIteni(RED) 10+8,7MW VaIdeni(RED) 33MW Smardan 54+42MW Baicoi(RED) 0,002MW Jugureni(RED) 50MW Seaca 44MW NaIbant 51MW VaIiug 111MW Naeni(RED) 2,5MW FIoresti(RED) 0,02MW Corbii Mari(RED) 0,02MW VIadeni(RED) 48MW Faurei (RED) 48MW BaIabanesti(RED) 9MW OItenesti(RED) 51MW Izvoru BerheciuIui 56MW Bacau Nord 188MW Bacau Sud 211MW Garana 147+102MW SIatina Timis (RED) 48MW CicIova (RED) 75MW Saveni 400MW CicIova 225MW Chirnogeni 138MW CogeaIac 42.5MW+212.5MW Potarnichea(RED) 7,2MW Satu Nou (RED) 9MW Mircea Voda (RED) 9MW DuIcesti(RED) 5MW Tataru(RED) 8MW Ddobromir 99MW Mereni 65MW IzvoareIe 75+82,5MW Casimcea 99MW Gutinas(RED) 6MW Bogdana(RED) 9MW Banca(RED) 30MW Home Stores Concept(RED) 6MW FaIciu (RED) 51MW a Murgeni (RED) 4+6MW Budureasa(RED) 42MW SIobozia Conachi *RED) 2,05MW CudaIbi(RED) 60MW Gropeni(RED) 10MW Cerchezu 117+117MW Viroga 117MW Dumbraveni 117MW Pechea(RED) 6+2+6,2MW Sannicoara 0,285+0.285MW Cutca 0,285MW Tureni 0,3MW Piatra FantaneIe 0,25MW Frecatei 141MW Marasesti 84MW Garoafa 79,8MW Bunesti Averesti 298MW SuhurIui 57MW Pechea 66MW CudaIbi 78MW TuIcea 11,5+11,5+9MW FaIciu 88+18MW Isaccea 105MW Poarta AIba (RED) 0,2MW+84MW Bestepe(RED) 4,6MW Priponestii de Jos(RED) 2,7MW Beidaud 300+105+54MW Mitoc 100+40MW Cristian, Rasinari,PopIaca 87,5MW DuIcesti(CarIig)(RED) 20MW Granicesti(RED) 0,6MW CiocarIia 50MW MurfatIar 279MW Independenta 88MW Baraganu 98MW TopaIu 84+81MW Ciprian Porumbescu 27+51MW Mehadia 400MW Mehadia FiIipesti 60 MW Saucestii 100 MW
Tibanesti,Tibana,Mironeasa, Scheia- 224+42,5+311+65 MW Tibanesti Cornea Garana Statie transformare 400/20kV Stroiesti 60MW IIisesti 39MW Dragoiesti 24+15MW Stroiesti 60MW Moara 45MW Horodniceni 51+72MW Berchisesti 24MW Capu CampuIui 21MW Daeni 51+54MW Atmagea(RED) 4MW Horia(RED)7,5+27,5+3MW Lupeni 99+99MW Adunatii Copaceni(RED) 0,6MW Ruginoasa 60 MW ContinentaI Wind Parteners 4MW Harsova 72MW Popesti 9 MW Harsova (40,MW (RED) +0,5MW) Scanteiesti 249MW Romanesti 30 MW Independenta 135MW Cobadin(RED) 50MW +26MW AdamcIisi 278,3MW Topraisar(RED) 0,02MW Scortaru Nou(RED) 8MW Panciu (RED) 10MW Rasova (RED) 10MW Viisoara 471MW Facaeni 300MW Constana Cernavod Tulcea Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 16 1 3 2 4 5 Parcurile eoliene operaionale din Romnia sunt localizate n special n Dobrogea, pe coasta Mrii Negre, unde viteza medie a vntului poate atinge 7m/s, la o altitudine de 100 m. Regiunea e plan i slab populat, ceea ce face posibil instalarea unui numr mai mare de turbine eoliene. Exist, de asemenea, alte dou regiuni cu un potenial ridicat de energie eolian n Romnia, i anume: Moldova i Cara Severin. La sfritul anului 2011, 97% din capacitatea instalat a fost n zona Dobrogei, n timp ce n 2012 s-a observat o deplasare spre nord-estul rii. n continuare prezentm o hart a proiectelor operaionale (marcate cu verde), proiecte care au deja un contract de racordare (marcate cu albastru) i proiecte care au un aviz tehnic de racordare (marcate cu rou). Romanias operational wind farms are mainly located in Dobrogea, on the Black Sea coast, where average wind speeds can reach 7 m/s at an altitude of 100 m. The region is fat and sparsely populated, which makes it possible to install a large number of wind turbines. There are also two other regions with a high wind power potential in Romania: Moldova and Cara Severin. At the end of 2011, 97% of Romanias installed capacity was in the Dobrogea area, while in 2012 there has been a shift towards the North East of the country. The following map shows operational projects (marked in green), projects that already have a connection contract (marked in blue) and projects that have a connection permit (marked in red). Zona Moldova Moldova Area Zona Banat Banat Area Zona Dobrogea Dobrogea Area S u r s a :
Tibanesti,Tibana,Mironeasa, Scheia- 224+42,5+311+65 MW Tibanesti Cornea Garana Statie transformare 400/20kV Stroiesti 60MW IIisesti 39MW Dragoiesti 24+15MW Stroiesti 60MW Moara 45MW Horodniceni 51+72MW Berchisesti 24MW Capu CampuIui 21MW Daeni 51+54MW Atmagea(RED) 4MW Horia(RED)7,5+27,5+3MW Lupeni 99+99MW Adunatii Copaceni(RED) 0,6MW Ruginoasa 60 MW ContinentaI Wind Parteners 4MW Harsova 72MW Popesti 9 MW Harsova (40,MW (RED) +0,5MW) Scanteiesti 249MW Romanesti 30 MW Independenta 135MW Cobadin(RED) 50MW +26MW AdamcIisi 278,3MW Topraisar(RED) 0,02MW Scortaru Nou(RED) 8MW Panciu (RED) 10MW Rasova (RED) 10MW Viisoara 471MW Facaeni 300MW Constana Cernavod Tulcea Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 17 1 3 2 4 5 S u r s a :
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R W E A ANRE 2012 1850 2450 1975 2800-3000 2013 RWEA Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 18 1 3 2 4 5 Potrivit estimrilor AREE, nivelul previzionat al capacitilor eoliene instalate este ambiios avnd n vedere planurile curente de investiii i trebuie susinut de un plan sntos de mbuntire a reelelor electrice, un plan clar pentru dezafectarea centralelor vechi i inefciente pe baz de crbune, dar i un cadru juridic stabil. Mai jos sunt estimrile AREE pentru 2012 i 2013, n comparaie cu cele ale ANRE. Romnia are anse mari nu doar s utilizeze parcurile eoliene pentru a genera electricitate, dar de asemenea i s profte n calitate de constructor de parcuri eoliene sau productor de componente pentru alte ri, sau din oferirea de servicii de transport. Lund n considerare potenialul su tehnologic i de dezvoltare, Romnia ar trebui s se atepte la o cretere n urmtorii ani, n domeniul fabricrii de componente pentru centrale electrice mai mult dect din unitile electro-tehnice complexe. GE 34% Vestas 31.5% Gamesa 17.9% Nordex 2% Fuhrlander 0.9% Suzlon 0.8 % According to RWEA estimates, the forecast for installed wind capacities is ambitious given the current investment plans and needs to be backed up by a signifcant grid improvement plan, a clear plan for the decommissioning of old, ineffcient coal power plants and a stable legal framework. The RWEA estimates for 2012 and 2013 are compared with those of the ANRE below. Romania has a real opportunity not only to use wind farms to generate electricity, but also to reap the benefts of being a constructor of wind farms and wind farm components for other countries, as well as offering transport services. Given its current technological and development possibilities, Romania should expect growth over the coming years to come in the area of manufacturing the construction components of power plants rather than their complex electrotechnical systems. Cotele de pia ale celor mai importani productori de turbine eoliene i ale furnizorilor din Romnia Market shares of the leading wind turbines manufacturers and suppliers in Romania S u r s a :
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R W E A Energia eolian n Romnia, Europa i lume / Wind energy in Romania, Europe and Worldwide 19 1 3 2 4 5 Cu o capacitate instalat de 1.200 MW la jumtatea anului 2012, industria romneasc de energie eolian este nc n curs de dezvoltare, dnd n acelai timp semne de maturitate. De la ultima ediie a acestui raport, AREE s-a ocupat de modelarea legislaiei relevante, indicnd nevoile industriei E-SRE i subliniind, n special, necesitatea unui cadru juridic stabil, previzibil pentru investitorii din domeniul energiei eoliene. Ordonana de Urgen a Guvernului 88/2011 este piesa fnal a legislaiei primare pentru ca Legea 220 s poat f pe deplin aplicabil. Echipa AREE a contribuit la mbuntirea aceastei ordonane de guvern din momentul n care a fost emis pentru prima dat n noiembrie 2011. AREE salut modifcarile introduse de prezenta lege i consider c acesta este un prim pas spre crearea unui mediu favorabil investitorilor. ntotdeauna va f loc pentru mbuntiri, anumite aspecte rmnnd a f clarifcate, dar n opinia AREE, perioada 2008- 2012 a demonstrat c n ciuda incertitudinilor, cteva companii foarte determinate au investit foarte mult efort i bani n aceast pia n sperana obinerii unui proft rezonabil. Aceste companii sunt deschiztorii de drumuri care netezesc Romniei calea spre atingerea obiectivelor propuse pentru anul 2020. Parcurile eoliene operaionale din Romnia sunt deinute de ctre CEZ, Enel Green Power, EDPR, GDF Suez, Monsson, precum i de o serie de companii locale mai mici. Acum, cnd piaa este mai experimentat i legislaia corespunztoare este n vigoare, AREE se ateapt ca fnanrile s devin mai accesibile dect nainte, n vedera susinerii dezvoltrii energiilor regenerabile. AREE i-a propus o serie de proiecte pentru perioada urmtoare, cum ar f ntiinarea Comisiei Europene despre noile dispoziii legale din Romnia i asupra legislaiei secundare n special privind funcionarea pieei intra-zilnice. n numele sectorului energiei eoliene, AREE supravegheaz fecare detaliu din legislaie, cunoscnd din experien ce impact uria poate avea un concept defectuos pentru o decizie de investiie. AREE i dorete ca investitorii s decid n favoarea Romniei, pentru a ne bucura de o surs de energie curat pe de-o parte i de taxe suplimentare pentru bugetul de stat, proiecte CSR mai mari i o cretere a bugetelor comunitilor din zonele rurale, pe de alt parte. With an installed capacity of 1,200 MW as of mid-2012, the Romanian wind energy industry is still emerging while showing signs of maturity. Since the last edition of this report, the RWEA has been working to shape the relevant legislation, stating the needs of the E-RES industry and in particular highlighting the need for a stable, predictable legal framework for wind energy investors. Emergency Government Ordinance 88/2011 is the fnal piece of primary legislation needed in order for Law 220 to become fully applicable. The RWEA team has been working to improve this government ordinance ever since it was frst issued in November 2011. The RWEA welcomes the changes introduced by this law and considers it the frst step towards creating an investor-friendly environment. There will always be room for improvement, and some issues remain to be clarifed, but in the RWEAs opinion the 2008- 2012 period has demonstrated that, despite all the uncertainties, a handful very determined companies have invested a lot of effort and money into this market with the hope of obtaining a reasonable return on investmen. These companies are the pioneers that are paving the way for Romania to achieve its 2020 targets. The operational wind farms in Romania are owned by CEZ, Enel Green Power, EDPR, GDF Suez, Monsson as well as a number of smaller local players. Now that the marked is more experienced and the corresponding legislation is in place, the RWEA expects fnancing to become more accessible than before, supporting the further development of renewables. The RWEA has set itself a number of objectives for the coming period, such as notifying the European Commission of the new legal provisions in Romania and following up with the secondary legislation and the market regulations, especially in terms of the intraday market. On behalf of the wind energy sector, the RWEA keeps an eye on every comma in a regulation, having learnt what a huge impact a faulty concept can have for an investment decision. The RWEA wants investors to decide in favour of Romania, so that Romania will be able to enjoy a source of clean energy on the one hand and additional taxes for the state budget, larger CSR projects and increased local community budgets in rural areas, on the other. President, RWEA I N T E R V I E W Prevederi legale Prevederi legale / Legal Regulations 21 1 3 2 4 5 Prezenta seciune trateaz o serie de aspecte juridice n legtur cu investiiile n energie regenerabil din Romnia, precum i din Uniunea European i cuprinde trei pri. Primele dou pri expun reglementrile legislaiei romneti cu privire la regimul juridic al imobilelor, la autorizaiile necesare i la legislaia de mediu aplicabile construirii i operrii unei centrale de producere a energiei electrice din surse regenerabile. Partea a treia analizeaz dezvoltarea domeniului energiei regenerabile n contextul mai larg al reglementrilor europene. This section focuses on several legal aspects of renewable energy investments in Romania, as well as within the European Union, and consists of three parts. The frst two parts deal with Romanian real estate, regulatory and environmental regulations applicable to the construction and the operation of a renewable energy plant. The third part places Romanian renewable energy development within the larger context of EU regulations. 1.1 Drepturile reale necesare pentru construirea unei centrale electrice Primul pas n implementarea unui proiect de investiii pentru o central electric l reprezint obinerea locaiei necesare amplasrii acesteia. Conform dreptului romnesc, pentru construcia oricrei capaciti energetice este necesar obinerea unei autorizaii de construire. Aceast autorizaie de construire se acord doar n baza unui drept real asupra terenului pe care urmeaz a f construit capacitatea energetic. Astfel, investitorii care doresc s dezvolte o central electric n Romnia, au n general dou modaliti principale pentru dobndirea dreptului real solicitat n vederea emiterii autorizaiei de construire, respectiv (i) obinerea dreptului de proprietate asupra terenului sau (ii) obinerea dreptului de superfcie asupra terenului, precum i alte drepturi reale cu privire la teren, cum ar f dreptul de uz, dreptul de servitute, dreptul de uzufruct, etc. 1.1 Real rights required for developing a renewable energy plant The frst stage when implementing an investment project is obtaining the location for erecting the energy plant. Under Romanian law, a building permit is needed to build any facility for the production of energy. The building permit is granted only if a specifc real right to the land on which the energy plant is to be erected is proved. Under Romanian law there are generally two main ways for investors to hold the specifc in rem right required for a building permit, namely (i) an ownership title to the land or (ii) a superfcies right to the land, as well as other real rights to the land, such as right of usage, right of easement, usufruct, etc. 1. Preparation of the investment project and construction of a renewable energy plant Prevederi legale / Legal Regulations 22 1 3 2 4 5 1.1.1 Dreptul de proprietate Conform dreptului romnesc, titularul dreptului de proprietate dispune de un drept absolut de a folosi i de a dispune de proprietatea sa, fr limitare n timp. Acest drept l include i pe acela de a edifca n subsolul, pe sau deasupra terenului construcii sau orice alte structuri permanente sau temporare. Dreptul de proprietate se dobndete de regul n baza unui contract ncheiat pentru validitate n form autentic. Cu toate acestea, dup fnalizarea lucrrilor cadastrale pentru fecare unitate administrativ teritorial i deschiderea crilor funciare pentru terenurile respective, dreptul de proprietate asupra terenurilor nscrise n cartea funciar se va dobndi att ntre pri, ct i fa de teri numai prin nscrierea dreptului de proprietate n cartea funciar n baza contractului prin care s-a agreat transferul dreptului de proprietate. Dac n prezent dreptul de proprietate poate f dovedit prin orice nscris ce atest proprietatea, Codul Civil prevede c dovada dreptului de proprietate asupra imobilelor nscrise n cartea funciar, se va face cu extrasul de carte funciar 1 . Cu anumite excepii, dobndirea dreptului de proprietate asupra terenurilor n Romnia este n prezent limitat persoanelor fzice sau juridice romne. Cu toate acestea, ncepnd cu 1 ianuarie 2012, cetenii unui stat membru UE nerezideni n Romnia, apatrizii nerezideni n Romnia cu domiciliul ntr-un stat membru UE, precum i persoanele juridice nerezidente constituite n conformitate cu legislaia unui stat membru UE, pot dobndi dreptul de proprietate asupra terenurilor n Romnia pentru reedine secundare, respectiv sedii secundare. Totui, obinerea dreptului de proprietate asupra terenurilor agricole, pdurilor i terenurilor forestiere este restricionat cetenilor strini i persoanelor juridice strine pn la mplinirea a 7 ani de la aderarea Romniei, deci pn la 1 ianuarie 2014. n ciuda acestor restricii, strinii pot deine dreptul de proprietate asupra terenurilor n Romnia prin intermediul societilor comerciale nregistrate de acetia n Romnia. 1 Aceast prevedere va f aplicabil doar dup ncheierea lucrrilor cadastrale pentru fecare unitate administrativ - teritorial. 1.1.1 Ownership right The ownership right under Romanian law offers the owner an absolute right to use, encumber and sell the real property without limitation in time. This also includes the right to build on the real property any building or other type of structure, either permanent or temporary. The ownership right is usually established by way of agreement executed in notarised form for validity purposes. Nevertheless, after completion of cadastral works for each administrative-territorial unit and opening of Land Registers for relevant lands, the ownership right to lands registered with the Land Register shall be transferred between the parties, as well as towards third parties, only upon registration of the ownership right with the Land Register on the basis of the agreement contemplating the transfer of ownership right. While currently an ownership right may be proved by way of any attesting ownership documents, the Civil Code provides that the proof of ownership right to real estate subject to registration with the Land Register shall be made with the excerpt from the Land Register 1 . With some exceptions, direct access to ownership right to lands is currently limited to Romanian individuals or entities. Nevertheless, starting 1 January 2012, the foreign persons EU members natural or legal entities non-resident in Romania may acquire the ownership rights to land in Romania for secondary residences/ secondary head offces. However, with respect to the agricultural lands, forests and forestry lands, the ownership right thereto may be acquired by foreign citizens or legal entities provided that a 7 year period has elapsed from the completion of Romanias accession process, namely on 1 January 2014. Despite all restrictions, foreigners can hold ownership title to lands in Romania through their companies registered in Romania. 1 This provision shall be applicable only after completion of the cadas- tral works for each administrative-territorial unit. Prevederi legale / Legal Regulations 23 1 3 2 4 5 1.1.2 Dreptul de superfcie Dreptul de superfcie const n: (i) dreptul de a avea sau de a edifca o construcie pe, deasupra sau n subsolul terenului deinut n proprietate de o alt persoan; (ii) dreptul de proprietate asupra construciei i (iii) dreptul de folosin asupra terenului pe care se af amplasat construcia. Dreptul de superfcie permite delimitarea ntre dreptul de proprietate asupra terenului i dreptul de proprietate asupra construciei ridicate pe, deasupra sau n subsolul terenului proprietatea altei persoane. Codul Civil limiteaz durata dreptului de superfcie la maximum 99 de ani, cu posibilitatea de prelungire. Un drept de superfcie se constituie de regul n baza unui contract ncheiat, pentru validitate n form autentic. Cu toate acestea, dup fnalizarea lucrrilor cadastrale pentru fecare unitate administrativ teritorial i deschiderea crilor funciare pentru terenurile respective, dreptul de superfcie asupra terenurilor nscrise n cartea funciar se va dobndi att ntre pri, ct i fa de teri numai prin nscrierea dreptului n cartea funciar n baza contractului prin care s-a constituit dreptul de superfcie. n ciuda similitudinilor dintre dreptul de superfcie i dreptul de proprietate, nu exist restricii impuse strinilor cu privire la dobndirea unui drept de superfcie asupra terenurilor n Romnia. 1.1.2.1 Dreptul de superfcie vs. dreptul de folosin (locaiune) Orice drept de superfcie include dreptul de a folosi suprafaa de teren ocupat de construcia amplasat pe teren. Dac proprietarul unui teren acord unui ter dreptul de folosin n baza unui contract de locaiune ori n baza altei convenii, terului nu i va f permis, din punct de vedere legal, s construiasc pe acel teren. Cu alte cuvinte, autoritile competente nu vor emite autorizaia de construire n baza unui drept de folosin obinut n baza unui contract de locaiune. 1.1.3 Uzufructul Potrivit dreptului romnesc, uzufructul const n dreptul cuiva de a se folosi de i a culege fructele bunului ce aparine altei persoane, att timp ct prin acestea nu se aduce atingere substanei bunului. Uzufructul este un drept real asupra proprietii altuia, limitat ca durat. Dreptul de uzufruct constituit n favoarea unei persoane fzice poate f cel mult viager iar cel constituit n favoarea unei persoane juridice poate avea o durat de cel mult 30 de ani. 1.1.2 Superfcies right A superfcies right consists of: (i) the right to have or to erect a building on or under the land owned by another person; (ii) the ownership right over the building; and (iii) the right to use the land pertaining to the building (drept de folosinta). The superfcies right allows for delimitation between the ownership to the land and the ownership to the building erected on or under the land owned by somebody else. The Civil Code limits the duration of a superfcies right to a maximum of 99 years, with a prolongation option. A superfcies right may be established by way of agreement executed in notarised form for validity purposes, under sanction of nullity. Nevertheless, after completion of cadastral works for each administrative-territorial unit and opening of Land Registers for relevant lands, the superfcies right to lands registered with the Land Register shall be transferred between the parties, as well as towards third parties, only upon registration of the superfcies right with the Land Register on the basis of the agreement contemplating the establishment of the superfcies right. Despite all legal similarities between the superfcies right and the ownership right, foreigners are in no way restricted from directly holding superfcies rights to lands in Romania. 1.1.2.1 Superfcies right vs. right of use (lease) Any superfcies right includes a right of use over the plot of land on which the building has been erected. If the owner of a land grants to a third party only the right of use through a letting/lease or other kind of agreement, the third party will not be allowed from a legal point of view to build any permanent structure on that land. A third party whose right of use to the land is based only on a letting/lease agreement will not be granted permits to build on that land. 1.1.3 Usufruct Pursuant to Romanian law, the usufruct is the legal right to use and derive proft or beneft from property that belongs to another person, as long as the substance of the property is preserved. The usufruct is a real right of limited duration on the property of another. The usufruct established in favour of a natural person may have a maximum duration equal with the lifetime of the usufructuary while the usufruct established in favour of a legal person may have a duration of maximum 30 years. Prevederi legale / Legal Regulations 24 1 3 2 4 5 Titularul unui uzufruct, cunoscut i sub denumirea de uzufructuar, are dreptul de a folosi i de a se bucura de bun i de a obine proft din fructele bunului. Uzufructul poate f constituit prin convenie ncheiat, pentru validitate, n form autentic. Cu toate acestea, dup fnalizarea lucrrilor cadastrale pentru fecare unitate administrativ teritorial i deschiderea crilor funciare pentru terenurile respective, dreptul de uzufruct asupra terenurilor nscrise n cartea funciar se va dobndi att ntre pri, ct i fa de teri numai prin nscrierea dreptului de uzufruct n cartea funciar n baza contractului prin care s-a constituit. Drepturile de uzufruct constituite nainte de 1 octombrie 2011 se sting prin neuz timp 30 de ani iar drepturile de uzufruct constituite dup 1 octombrie 2011 odat cu intrarea n vigoare a noului Cod Civil, se sting prin neuz timp de 10 ani. 1.1.4 Drepturile convenionale i legale de uz i de servitute Dreptul de uz este similar celui de uzufruct, astfel cum este descris la pct. 1.1.3. de mai sus. Titularul dreptului de uz are dreptul de a folosi i de a se bucura de bunul afectat, precum i dreptul de a culege fructele bunului ns doar n limitele necesare lui i familiei sale. Dreptul de servitute faciliteaz benefciarului dreptul de acces pe proprietatea altei persoane, pentru asigurarea utilitii unui teren nvecinat, ce aparine unui alt proprietar. Pentru accesul la capacitatea energetic, n timpul i dup fnalizarea lucrrilor de construcie ori pentru traseul reelelor electrice care traverseaz proprietatea terilor, dezvoltatorul trebuie s dein drept de servitute pe terenurile afectate de cile de acces sau de reelele electrice. Constituirea servituilor de trecere este valabil doar dac benefciarul obine n acest scop un certifcat de urbanism (pentru detalii a se vedea pct. 1.3.6 de mai jos). Drepturile de servitute constituite nainte de 1 octombrie 2011 se sting prin neuz timp de 30 de ani, n timp ce drepturile de servitute constituite dup 1 octombrie 2011 se sting prin neuz timp de 10 ani. n funcie de stadiul de dezvoltare a centralei eletrice, dreptul de uz i de servitute pot f constituite (i) prin ncheierea unui contract n form autentic sau (ii) n baza legii. Cu toate acestea, dup fnalizarea lucrrilor cadastrale pentru fecare unitate administrativ teritorial i deschiderea crilor funciare pentru The holder of a usufruct, also known as the usufructuary, has the right to use and enjoy the property, as well as the right to receive profts from the fruits of the property. A usufruct may be established by an agreement executed in notarised form for validity purposes. Nevertheless, after completion of cadastral works for each administrative- territorial unit and opening of land registers for relevant lands, the usufruct to lands registered with the Land Register shall be transferred between the parties, as well as towards third parties, only upon registration of the usufruct right with the Land Register on the basis of the agreement contemplating the establishment of the usufruct right. The usufruct rights established before 1 October 2011 extinguish for 30 years of non-use while the usufruct rights established after 1 October 2011, once with the entry into force of the new Civil Code, extinguish for 10 years of non-use. 1.1.4 Conventional and statutory right of usage and easements The right of usage is quite similar to the usufruct as described under point 1.1.3 above. The holder of the right of usage has the right to use and enjoy the affected property, as well as the right to receive profts from the fruits of the property within the limits required for himself and his family. The easement right enables the benefciary to have access to the property held by another person, aimed to ensure the utility of a neighbouring land held in ownership by a different person. For access to the energy plant during and after the fnalisation of the construction works or for the route of the electric cables that cross third parties properties, the investor must hold rights of easement to the lands crossed by the access ways or the cables. The establishment of passage easements is valid only if the benefciary obtains frst an urbanism certifcate (for details please see point 1.3.6 below). The easement rights established prior to 1 October 2011 extinguish for 30 years of non-use while the easement rights established after 1 October 2011, once with the entry into force of the new Civil Code, extinguish for 10 years of non-use. Depending on the stage of development of the renewable energy plant, the rights of usage or the easements may be established (i) by executing a private notarised agreement or (ii) by virtue of law. Nevertheless, after completion of cadastral works for each administrative-territorial unit and opening of land registers for relevant lands, the Prevederi legale / Legal Regulations 25 1 3 2 4 5 terenurile respective, drepturile convenionale de uz i de servitute asupra terenurilor nscrise n cartea funciar se vor dobndi att ntre pri, ct i fa de teri numai prin nscrierea dreptului de uz, respectiv de servitute n cartea funciar n baza contractelor prin care s-au constituit aceste drepturi. n funcie de stadiul de dezvoltare al capacitii energetice, se va face distincie ntre perioada de timp cuprins pn la obinerea autorizaiei de nfinare i perioada de timp ulterioar obinerii autorizaiei de nfinare. nainte de obinerea autorizaiei de nfinare, dezvoltatorul poate benefcia de drepturile de uz i servitute doar n baza unui contract n form autentic ncheiat cu proprietarul terenului afectat. Dezvoltatorul poate benefcia prin lege de drepturile menionate doar dup obinerea autorizaiei de nfinare. Menionm c n funcie de regimul juridic al terenurilor ce vor f afectate de traseul reelelor electrice, nainte de obinerea autorizaiei de nfinare trebuie urmrite anumite proceduri speciale de securizare a terenurilor afectate de reelele electrice. Drepturile de uz i de servitute acordate n baza legii sunt prevzute n Legea energiei electrice i a gazelor naturale nr. 123/2012 2 (Legea Energiei), ce acord dezvoltatorului drepturi de uz i servitute asupra terenurilor afate n vecintatea capacitilor energetice. Dreptul de uz acordat n baza Legii Energiei se exercit pe durata necesar executrii de lucrri n vederea realizrii, relocrii, desfinrii, sau retehnologizrii capacitii energetice, ct i pentru intervenii n caz de avarie. Drepturile de servitute legale pot f de trecere subteran, de suprafa sau aerian pentru instalarea, respectiv desfinarea reelelor electrice sau altor echipamente aferente centralei electrice, precum i pentru acces la locul de amplasare al acestora. Drepturile de uz i servitute asupra proprietilor statului i ale unitilor administrativ-teritoriale afectate de centrale electrice se realizeaz cu titlu gratuit pe toat durata existenei acestora, n timp ce pentru exercitarea drepturilor de uz i servitute asupra terenurilor afate n proprietate privat, Legea Energiei prevede reguli speciale, detaliate la pct. 1.1.4.1. de mai jos. 2 Legea energiei electrice i a gazelor naturale nr. 123/2012, publicat n Monitorul Ofcial, Partea I, nr. 485, din data de 16 iulie 2012 i intrat n vigoare la 19 iulie 2012 conventional right of usage and easement rights to lands registered with the Land Register shall be transferred between the parties, as well as towards third parties, only upon registration of the rights with the Land Register on the basis of the agreements contemplating the establishment of the right of usage and easement right. Depending on the stage of development of the energy plant, distinction should be made between the period prior to obtaining the setting-up authorisation and the period after obtaining the setting-up authorisation. Prior to obtaining the setting-up authorisation, the developer may beneft from the right of usage or easements only by executing private notarised agreements. The developer may beneft by virtue of law from the mentioned rights only after obtaining the setting-up authorisation. Depending on the legal status of lands to be affected by the route of the electric cables, before obtaining the setting up authorization, certain specifc authorization procedures for securing said affected lands should be observed. The rights of usage and the easements granted by virtue of law are regulated by Law no. 123/2012 on energy and natural gas 2 (the Energy Law), which grants the developer certain rights of usage or easements over plots of land surrounding the energy plant. The right of usage granted on the basis of Energy Law may be exercised during the period required for the erection, relocation, dismantling or modernization of the energy capacity, as well as for interventions in case of damage. The statutory easements may be underground, terrestrial or aerial passage easements required for installing and removing electric cables and other equipments belonging to the energy plant, as well as for access to their location. Such rights affecting land owned by the State and local authorities are granted free-of-charge during the entire lifespan of the energy plant, while those affecting third owners properties follow specifc rules stipulated by Energy Law, as detailed under point 1.1.4.1 below. 2 Law no. 123/2012 on energy and natural gas, published in the Roma- nian Offcial Gazette no. 485 of 16 July 2012 and entered into force on 19 July 2012. Prevederi legale / Legal Regulations 26 1 3 2 4 5 1.1.4.1. Exercitarea drepturilor de uz i servitute asupra terenurilor afate n proprietatea privat a terilor, astfel cum este reglementat n Legea Energiei i n Hotrrea de Guvern nr. 135/ 2011 n vederea stabilirii termenilor i condiiilor n care dezvoltatorul poate exercita drepturile legale de uz i servitute, proprietarii terenurilor afectate de aceste drepturi pot solicita dezvoltatorului s ncheie convenia- cadru, astfel cum este aprobat n anexa la Hotrrea de Guvern nr. 135/2011 3 (HG 135). Durata conveniei va acoperi de principiu, att perioada necesar executrii centralei electrice, ct i perioada ulterioar de ntreinere i funcionare a centralei electrice. n toate cazurile n care se vor ncheia astfel de convenii, cuantumul maxim al indemnizaiei la care sunt ndreptii proprietarii n schimbul afectrii terenurilor se va stabili prin negociere de ctre pri, cel mult la nivelul chiriei minime pe m 2 stabilite de ctre administraia public local n a crei raz teritorial se af terenul pentru folosina unui teren din aceeai categorie i se calculeaz numai pentru suprafaa de teren ce urmeaz a f efectiv afectat de exercitarea drepturilor de uz i servitute. n situaia n care la nivelul administraiei publice locale n a crei raz teritorial se af terenul nu exist stabilit un nivel al chiriei minime pe m 2 , cuantumul indemnizaiei va f determinat de ctre un evaluator autorizat n condiiile legii, ales de comun acord de ctre pri, al crui onorariu va f acoperit de ctre dezvoltator. Pe lng indemnizaie, proprietarii terenurilor afectate de exercitarea drepturilor de uz i servitute vor f despgubii pentru prejudiciile cauzate de realizarea centralei electrice, prejudicii ce vor f evaluate avndu- se n vedere anumite criterii (e.g. suprafaa de teren afectat de lucrrile prevzute n convenie; tipurile de culturi i plantaii existente pe terenul afectat la data ncheierii conveniei; valoarea produciei afectate de lucrrile efectuate de dezvoltator; etc.). Vor benefcia de indemnizaii, respectiv de despgubiri i proprietarii terenurilor afectate de exercitarea drepturilor de uz i de servitute care la data intrrii n vigoare a Legii Energiei aveau n derulare convenii privind exercitarea acestor drepturi reale ncheiate n condiiile legii. 3 Hotrrea de Guvern nr 135/2011 pentru aprobarea regulilor procedurale privind condiiile i termenii referitori la durata, coninutul i limitele de exercitare a drepturilor de uz i servitute asupra proprietilor private afectate de capacitile energetice, a conveniei-cadru, precum i a regulilor procedurale pentru determinarea cuantumului indemnizaiilor i a despgubirilor si a modului de plat a acestora, publicat n Monitorul Ofcial al Romniei, partea I, nr. 236, din 05 aprilie2011. 1.1.4.1 Exercise of rights of usage and easements over third owners properties, as provided under the Energy Law and Governmental Decision no. 135/2011 In order to set the terms and conditions under which the developer may exercise the statutory rights of usage and easements, the owners of affected lands may request the developer to execute the framework agreement as approved in the annex to Governmental Decision No. 135/2011 3 (GD 135). The duration of the agreement will cover, in principle, the necessary period required to erect the energy plant, as well as the necessary period required for the maintenance and operation of the energy plant. In all cases where agreements will be executed, the maximum amount of compensation to be paid to the owners is to be established by the parties, but not higher than the level of minimum rent established by the local fscal authority per sqm of land having the same category, and shall be calculated only for the surface of land directly affected by the rights of usage and easement rights. Where no minimum rent is established by the local fscal authority, the amount of compensation is to be determined by an authorised expert chosen by the parties and paid by the developer. Besides the compensation, the owners of lands affected will be indemnifed for any damages caused by the energy plant, damages to be determined with consideration to a series of criteria (e.g. the surface of land affected by the works agreed upon under the agreement; the types of culture and plantation existing on the affected land at the execution date of the agreement; the value of production affected by the works performed by the developer; etc.). The owners of the lands affected by the rights of usage and easement rights, that have ongoing agreements regarding the exercise of these rights upon the entry into force of Energy Law, shall also beneft from said indemnities and compensation. 3 Government Decision no. 135/2011 for the approval of the procedural rules on conditions and terms of duration, content and limits of rights of usage and easement rights over private properties affected by energy ca- pacities, the framework agreement, as well as for determining the amount of compensations and indemnities and the payment method thereof, published in the Romanian Offcial Gazette no. 236 of 5 April 2011. Prevederi legale / Legal Regulations 27 1 3 2 4 5 In case of an ongoing agreement between the parties, pursuant to GD 135 and the Energy Law, the owners of the affected lands have the option to request for a new contract observing the form and content of the agreement approved by GD 135 to be executed with the developer. According to Article 16 (7) of the Energy Law, the developer is bound to execute the agreement no later than 30 days after the request addressed by the owners of affected lands. However, neither GD 135 nor the Energy Law provide (i) a sanction in case developers do not reply to the land owners request or do not agree on the amendment of the already in-force agreement, respectively (ii) if a legal deadline is to be met by the land owners in order to request the conclusion of the agreement. 1.2 Romanian land register system In relation to the real rights on real property in Romania, opposability/transfer of said rights is also important. Under the current Land Register system any establishment, transfer or limitation of rights pertaining to real property is generally effective between the parties upon signing the underlying agreement (e.g.the transfer deed). The lack of registration following execution of a transfer deed does not prevent ownership transfer or establishment of other real rights; however, this transfer will not be opposable towards third parties until registration with the Land Register. The statutory easement rights and the rights of usage granted on the basis of Energy Law are opposable towards third parties without being required registration with the Land Register. The Romanian Land Register system will face some changes in the future. Pursuant to the Civil Code, the entries in the Land Register will have a constitutive effect and real rights will not be transferred prior to their legal registration with the Land Register. Rights will rank according to the date, hour and minute of their registration applications 4 . 4 These provisions of the Civil Code will apply only to those agreements executed /rights established after the entry into force of the new Civil Code, namely after 1 October 2011, and only after the completion of the cadastral works for each administrative-territorial unit and registration of the lands with the Land Registers. n cazul existenei un contract deja ncheiat ntre pri, conform HG 135 i Legii Energiei, proprietarii terenurilor afectate au opiunea de a solicita ncheierea unui nou contract, care s aib forma i coninutul conveniei anexate HG 135. Conform art. 16 alin. 7 din Legea Energiei, dezvoltatorii sunt obligai s procedeze la ncheierea conveniei-cadru n termen de maximum 30 de zile de la solicitarea proprietarilor. Cu toate acestea, att HG 135 ct i Legea Energiei nu prevd (i) o sanciune n cazul n care dezvoltatorii nu rspund cererii proprietarilor de terenuri, sau nu sunt de acord cu modifcrile contractului care este deja n vigoare, respectiv (ii) un termen legal n cadrul creia proprietarii de terenuri pot solicita ncheierea contractului. 1.2 Sistemul de carte funciar n Romnia Opozabilitatea/ transferul drepturilor reale asupra imobilelor n Romnia este strns legat de sistemul crii funciare. Sub actualul sistem al crii funciare, orice constituire, transfer sau limitare a drepturilor cu privire la imobile opereaz ntre pri, ca regul, prin semnarea contractului, respectiv a actului de transfer. Lipsa nregistrrii ulterioare a acestor contracte sau acte de transfer nu mpiedic transferul dreptului de proprietate sau constituirea altor drepturi reale; cu toate acestea, cu anumite excepii, un astfel de transfer sau constituire de drepturi nu va f opozabil terilor dect n momentul nregistrrii n cartea funciar. Drepturile de uz i de servitute acordate n baza Legii Energiei, avnd caracter legal, sunt opozabile terilor fr necesitatea nscrierii acestora n cartea funciar. n viitor sistemul crii funciare va suferi o serie de modifcri. Potrivit Codului Civil, nscrierile n cartea funciar vor avea efect constitutiv de drepturi, n sensul n care drepturile reale asupra imobilelor nscrise n cartea funciar se vor dobndi, att ntre pri ct i fa de teri, numai prin nscrierea lor n cartea funciar. nscrierile n cartea funciar i vor produce efectele de la data nregistrrii cererilor, inndu-se ns cont de data, ora i minutul nregistrrii acestora 4 . 4 Prevederile Codului Civil se vor aplica doar acelor contracte ncheiate/ drepturi constituite dup intrarea n vigoare a noului Cod Civil, respectiv dup 1 octombrie 2011, i doar dup ce lucrrile cadastrale vor f ncheiate pentru fecare unitate administrativ-teritorial i crile funciare vor f fost deschise pentru terenurile n cauz. Prevederi legale / Legal Regulations 28 1 3 2 4 5 1.3 Situaii care ar putea mpiedica/ntrzia proiectul de investiie 1.3.1 Proprietatea public Conform dreptului romnesc, imobilele deinute de stat i unitile administrativ-teritoriale se mpart n dou categorii: imobile afate n proprietate public, cele care aparin domeniului public i imobile afate n proprietate privat, ce aparin domeniului privat. Importana de a ti n care dintre aceste categorii este inclus terenul necesar pentru construcia capacitii energetice determin tipul de contract n baza cruia terenul poate f asigurat pentru dezvoltarea centralei electrice, avnd n vedere c terenurile deinute n proprietate public pot f obinute n vederea exploatrii ntr-un astfel de scop, n baza unui contract de concesiune. ntrebarea cum i pot alege statul i unitile administrativ-teritoriale partenerii contractuali atunci cnd acord drepturi asupra terenurilor deinute n proprietate, este un subiect nelipsit de controverse n practic. Vnzarea, concesionarea sau nchirierea unor terenuri din domeniului public sau privat al statului sau al unitilor administrativ-teritoriale sunt supuse procedurilor de licitaie public. Detaliile unor astfel de proceduri nu au fost pn n prezent complet clarifcate; legea, doctrina sau jurisprudena nu ofer un set de reguli unitare cu privire la modalitatea n care autoritile publice trebuie s organizeze astfel de proceduri de licitaie. Cu toate acestea, dac o autoritate public acord unui ter drepturi asupra unui teren deinut n proprietate public sau privat fr organizarea unei licitaii publice n acest sens, contractul astfel ncheiat poate f anulat de ctre instana de judecat. Aceast anulare ar produce o serie de efecte negative asupra unui proiect n curs de dezvoltare sau deja dezvoltat pe teren i chiar asupra autorizaiilor i avizelor emise pentru construirea i operarea centralei electrice. 1.3 Issues that might impede/delay the investment process 1.3.1 Public property Under Romanian law, real properties held by the State and local authorities can be of two categories: real properties held in public ownership that belong to the public domain and real properties held in private ownership that belong to the private domain (domeniul public sau privat). The importance of knowing in which category the land needed for an energy plant falls into lays with the type of agreement the land can be secured under for a project, as land in public domain can be obtained mainly subject to a concession agreement. The question of how the local authorities can choose their contract partners when granting rights over land is a controversial matter. The sale, concession or leasing of the plots of land, part of the public or private domain of the state or administrative units are subject to a public tender procedure. The details of such procedures are not yet completely clarifed; neither the statutes nor the legal writings nor the case law provide a uniform set of rules as to how the local authorities should conduct such a public tender procedure. However, if the local authority grants rights to land to a party without conducting a public tender, the contract concluded with such a party may be declared null and void. This would have a series of adverse effects on the ownership over the project ongoing or developed on the land and even on the authorisations and permits issued for the building and operation of the energy plant. Prevederi legale / Legal Regulations 29 1 3 2 4 5 1.3.2 Restitution claims/litigations affecting the lands Between 6 March 1945 and 22 December 1989, the Romanian State confscated/ nationalised/ expropriated real estate property without paying adequate compensation to the owners, partly on the basis of enacted laws, partly without any legal basis. In order to correct such abnormalities and to open up access to private property over land, the Romanian State enacted several laws, such as laws Nos. 18/1991 5 , 1/2000 6 and 10/2001 7 , as means to regulate private ownership over land. Based on these laws, individuals were able to fle restitution claims requesting the reinstatement (reconstituire) of ownership titles to land owned by them or their ancestors prior to expropriation by the State. At the same time, land was distributed on request to private individuals or corporations by means of instatement (constituire) of titles to land (see point 1.3.3 below). Although the time period for initiating restitution claims has expired (30 November 2005), former owners that can prove a stronger (i.e. older) title to a particular land may challenge currently registered titles. Since it is impossible to track down all expropriations/ nationalisations made in the period 1945 through 1989 (e.g., due to the lack of proper records, partitioning and unifcations of concerned plots, etc.), in order to avoid future risks that might delay the investment process, offcial inquiries with the relevant local councils are recommended (with a view to restitution claims fled/deposited). The same inquiries are recommended in order to verify whether the lands are affected by other litigations that might have a potential impact on the development of the renewable energy plant. 5 Law No 18/1991 on land resources, published in the Romanian Offcial Gazette no. 1 of 5 January 1998. 6 Law No. 1/2000 regarding the reinstatement of the ownership right over the agricultural lands and forest lands, requested as per provisions of Law No. 18/199 and Law No. 169/1997, published in the Romanian Offcial Gazette no. 8 of 12 January 2000. 7 Law No. 10/2001 on the legal regime of immovables abusively taken over in the period between 6 March 1945 and 22 December 1989, repub- lished in the Romanian Offcial Gazette no. 798 of 2 September 2005. 1.3.2 Cereri de restituire/ litigii cu privire la terenuri n perioada 6 martie 1945 22 decembrie 1989, parial n baza unor legi, parial fr vreo baz legal, statul romn a confscat/ naionalizat/ expropriat anumite imobile fr a plti respectivilor proprietari despgubiri (corespunztoare). Pentru a remedia aceste anormaliti statul romn a adoptat o serie de legi cum ar f Legea nr. 18/1991 5 , Legea nr. 1/2000 6 , Legea nr. 10/2001 7 , pentru reglementarea proprietii private asupra terenurilor. Pe baza acestor legi, persoanele fzice au putut prezenta cereri de restituire solicitnd reconstituirea dreptului de proprietate asupra terenurilor deinute n proprietate personal sau de ctre ascendenii acestora nainte de a f expropriate de ctre statul romn. n acelai timp, la cererea persoanelor fzice sau societilor/ asociaiilor private, au fost acordate n proprietate terenuri n baza constituirii dreptului de proprietate (a se vedea pct. 1.3.3. de mai jos). Cu toate c termenul pentru depunerea cererilor de restituire a expirat (30 noiembrie 2005), fotii proprietari care pot dovedi un titlu mai puternic (mai vechi) asupra unui teren pot contesta titlurile de proprietate nregistrate n prezent. Avnd n vedere c este imposibil de identifcat toate exproprierile/naionalizrile fcute n perioada 1945- 1989 (e.g. din lipsa unor nregistrri corespunztoare, din cauza efecturii unor dezmembrri sau alipiri ale terenurilor, etc.), pentru a evita riscuri viitoare care ar putea ntrzia investiia, sunt recomandabile investigaii ofciale la autoritile locale competente n cauz (cu privire la cererile de restituire nregistrate/ depuse la aceste autoriti). Aceleai investigaii sunt recomandate pentru a verifca dac terenurile sunt afectate de litigii care ar putea avea un potenial impact asupra dezvoltrii centralei electrice. 5 Legea nr. 18/1991 asupra fondului funciar, republicat n Monitorul Ofcial, Partea I, nr. 1, din 5 ianuarie 1998. 6 Legea nr. 1/2000 pentru reconstituirea drepturilor de proprietate asu- pra terenurilor agricole i forestiere, solicitate potrivit prevederilor Legii nr. 18/1991 i Legii nr. 169/1997, publicat n Monitorul Ofcial, Partea I, nr. 8, din 12 ianuarie 2000. 7 Legea nr. 10/2001 privind regimul juridic al unor imobile preluate abuziv n perioada 6 Martie 1945 22 Decembrie 1989, republicat n Monitorul Ofcial, Partea I, nr. 798, din 2 septembrie 2005. Prevederi legale / Legal Regulations 30 1 3 2 4 5 1.3.3 Constituirea dreptului de proprietate; Interdicii de nstrinare n urma ndeplinirii anumitor condiii preliminare, anumitor persoane li s-a acordat dreptul de proprietate privat asupra terenurilor prin constituirea dreptului de proprietate, chiar dac nu fuseser expropriai n perioada comunist. Potrivit art. 32 din Legea nr 18/1991 asupra fondului funciar, persoanelor crora li s-a constituit dreptul de proprietate asupra terenurilor le este interzis s vnd sau s transfere dreptul de proprietate asupra terenurilor respective timp de 10 ani calculai de la nceputul anului urmtor anului n care s-a nregistrat proprietatea. Dei Codul Civil a abrogat interdicia de nstrinare menionat anterior, nerespectarea acesteia nainte de 1 octombrie 2011 poate avea consecine i n prezent. Astfel, nclcarea acestei interdicii se sancioneaz cu nulitatea absolut a actelor de nstrinare ncheiate nainte de 1 octombrie 2011, iar constatarea nulitii poate f cerut n instan n orice moment de ctre primrie, prefectur, procuror, precum i de ctre orice alt persoan interesat. Pentru a aprecia dac aceast interdicie a fost respectat, trebuie urmrit momentul de la care interdicia de nstrinare ncepea s curg. Art. 32 al Legii nr. 18/1991 prevedea c termenul va ncepe s curg la nceputul anului urmtor anului n care s-a fcut nregistrarea proprietii. Doctrina conine ns numeroase interpretri ale termenului nregistrare i implicit, ale datei de la care interdicia de nstrinare ncepe s curg, astfel nct riscul cu privire la acest aspect trebuie evaluat individual n fecare proiect. 1.3.3 Instatement of ownership title; Prohibitions to alienate Subject to certain preconditions, persons were granted access to private property over land by means of instatement of titles to land, even if they had not been expropriated during the Communist era. Pursuant to Article 32 Law No. 18/1991 on land resources, certain persons whose ownership right to a plot of land has been instated (constituit as opposed to reinstated, reconstituit) are not allowed to sell or otherwise transfer their ownership right to the respective plot for a period of ten years calculated as of the beginning of the year subsequent to the year when their ownership was registered. Although the new Civil Code abolished the aforementioned alienation prohibition, breach of observing said prohibition prior to 1 October 2011 may still refect in the present. Thus, breach of such prohibition results in absolutely null and void transfer documents concluded prior to 1 October 2011 (e.g. null and void sale purchase agreement) nullity that may be asserted at any time by the mayoralty, prefect and prosecutor, as well as by any interested person. In order to assess whether the prohibition has been observed, attention must be paid to the date when the prohibition term starts to run. As Article 32 of Law No. 18/1991 stipulated that the term shall run as of the beginning of the year following registration of ownership, various interpretations of the meaning of the term registration and, implicitly, of the date when the prohibition term starts to run where developed by the legal scholars. Thus, the risks regarding this term should be assessed in each project individually. Prevederi legale / Legal Regulations 31 1 3 2 4 5 1.3.4 Historical monument status Law No. 422/2001 on protection of historical monuments 8 defnes a historical monument as constructions and lands 9 situated in Romania that are signifcant for Romanian (and universal) history, culture and civilisation. In accordance with Article 4, paragraph 4 of Law No. 422/2001, ownership title to property listed as a historical monument may only be transferred by private owners with due observance of the Romanian States pre-emption right to purchase such property. Transfer documents concluded in breach of said pre-emption right are null and void. The nullity may be brought up in court at any time, by any interested person. In order to avoid this risk, requesting an offcial inquiry from the Direction for Culture, Cults and National Cultural Patrimony and the Romanian Ministry for Culture and National Patrimony is recommended. 1.3.5 Archaeological status The owner of land located within the perimeter of archaeological sites, as defned by Government Ordinance No. 43/2000 10 , must observe specifc regulations concerning restrictions for the purpose of protecting and recuperating archaeological patrimony. Should archaeological works be required in a specifc area, any other activity shall be suspended until the performance and termination of archaeological investigations, as evidenced by a certifcate for archaeological clearance. Performance of works that may affect the archaeological sites, in the absence of the certifcate for archaeological clearance, as well as destruction or damage done to archaeological sites constitutes a criminal offence and is punishable by law. In order to avoid such risks, documents evidencing the archaeological status of the lands should be obtained. 8 Law No. 422/2001 on protection of historical monuments, republished in the Romanian Offcial Gazette no. 938 of 20 November 2006. 9 Although this provision may well be interpreted as only applying to land corresponding to constructions designated as historical monuments, in practice local authorities have also considered empty plots of land (agricultural) as historical monuments. 10 Government Ordinance no. 43/2000 on protection of archaeological patrimony and declaring of archaeological sites as areas of national inter- est, republished in the Romanian Offcial Gazette no. 951 of 24 November 2006. 1.3.4 Regimul monumentelor istorice Legea nr. 422/2001 privind protejarea monumentelor istorice 8 defnete monumentele istorice drept imobile, construcii i terenuri 9 situate pe teritoriul Romniei, importante pentru istoria, cultura i civilizaia naional i universal. n conformitate cu art. 4 alin. 4 al Legii nr. 422/2001, dreptul de proprietate asupra unor proprieti clasifcate ca monumente istorice poate f transferat de proprietarii de drept privat doar cu respectarea dreptului de preemiune al statului romn de a cumpra astfel de proprieti. Actele de transfer ncheiate cu nerespectarea acestui drept de preemiune sunt nule absolut. Constatarea nulitii poate f invocat oricnd n instan, de ctre orice persoan interesat. Pentru a evita acest risc, este recomandabil obinerea unei adrese ofciale cu privire la situaia terenurilor de la Direcia pentru Cultur, Culte i Patrimoniu Cultural Naional i de la Ministerul Culturii i Patrimoniului Naional. 1.3.5 Regimul arheologic Proprietarii terenurilor localizate n perimetrul unor situri arheologice, astfel cum sunt defnite de Ordonana de Guvern nr. 43/2000 10 trebuie s respecte anumite restricii special prevzute, n scopul de a proteja i recupera patrimoniul arheologic. Dac pe terenurile respective sunt necesare lucrri arheologice, orice alt activitate va f suspendat pn la executarea i ncheierea cercetrilor arheologice, n baza unui certifcat de descrcare de sarcin arheologic.
Efectuarea oricror lucrri care pot afecta siturile arheologice, n absena certifcatului de descrcare de sarcin arheologic, ca i desfinarea, distrugerea parial sau degradarea siturilor arheologice constituie infraciune i se pedepsete prin lege. Pentru evitarea unor astfel de riscuri, este recomandabil obinerea unor documente ofciale care atest situaia arheologic a terenurilor. 8 Legea nr. 422/2001 privind protejarea monumentelor istorice, republicat n Monitorul Ofcial, partea I, nr. 938 din 20 noiembrie 2006 9 Cu toate c aceast dispoziie legal poate f interpretat ca aplicndu- se doar terenurilor aferente construciilor clasifcate ca monumente istorice, n practic autoritile locale au considerat i parcele de teren libere ca find monumente istorice. 10 Ordonana de Guvern 43/2000 privind protecia patrimoniului ar- heologic i declararea unor situri arheologice ca zone de interes naional, republicat n Monitorul Ofcial, partea I, nr. 951 din 24 noiembrie 2006. Prevederi legale / Legal Regulations 32 1 3 2 4 5 1.3.6 Lipsa certifcatului de urbanism Art. 6 alin. 6 lit. c) al Legii nr. 50/1991 privind autorizarea executrii lucrrilor de construcii 11 prevede necesitatea emiterii unui certifcat de urbanism pentru operaiunile notariale ce au ca obiect (i) dezmembrri ori comasri de parcele solicitate n scopul realizrii de lucrri de construcii, precum i (ii) constituirea unei servitui de trecere cu privire la un imobil. Astfel de operaiuni juridice executate n lipsa certifcatului de urbanism sunt lovite de nulitate absolut. Prevederi similare conine i Legea nr. 350/2001 privind amenajarea teritoriului i urbanismul 12 care n art. 29 alin. 2 precizeaz ca find obligatorie obinerea unui certifcat de urbanism (i) pentru ntocmirea documentaiilor cadastrale de comasare, respectiv de dezmembrare a bunurilor imobile n cel puin 3 parcele atunci cnd operaiunile respective au ca obiect mpreli ori comasri de parcele solicitate n scopul realizrii de lucrri de construcii i de infrastructur, precum i (ii) pentru constituirea unei servitui de trecere cu privire la un imobil. 1.4 Autorizaia de construire Pentru construirea unei centrale electrice este necesar o autorizaie de construire, indiferent de capacitatea instalat. n general, administraia public local are competena de a emite autorizaii de construire pentru capacitile energetice construite pe teritoriul su administrativ. Cu toate acestea, n cazul n care centrala electric este localizat (i) pe teritoriul mai multor uniti administrativ-teritoriale (ora/comun); sau (ii) n extravilanul unei comune care nu are organizat o structur specializat, autorizaia de construire va f emis de ctre preedintele Consiliului Judeean, cu acordul primarului oraului sau al comunei respective. Autorizaia de construire se emite n 30 de zile de la data depunerii documentaiei complete la autoritatea competent. Procesul de obinere a documentaiei complete necesit diferite alte autorizaii i acorduri care difer n funcie de amplasament (de exemplu, certifcat de urbanism, acord de mediu, avizul autoritii aeronautice, aviz arheologic, avize pentru scoaterea din circuitul agricol), precum i documentaie tehnic specifc i drepturi reale asupra terenului aferent proiectului. Din aceste motive, durata procesului de autorizare va depinde de caracteristicile proiectului, cum ar f amplasamentul sau capacitatea instalat. 11 Legii nr. 50/1991 privind autorizarea executrii lucrrilor de construcii, publicat n Monitorul Ofcial, partea I, nr. 933 din 13 octomb- rie 2004. 12 Legea nr. 350/2001 privind amenajarea teritoriului i urbanismul, publicat n Monitorul Ofcial, partea I, nr. 373 din 10 iulie 2001. 1.3.6 Lack of city planning certifcate Under Article 6 paragraph 6 c) of Law No. 50/1991 on the authorisation of construction works 11 , a city planning certifcate must be issued for all notarised deeds related to real estates, whenever these deeds have as an object (i) the partitioning or unifcation of plots for the purpose of performing construction works or (ii) the establishment of easements of passage. The performance of any such deeds in the absence of a city planning certifcate triggers their absolute nullity. Similar provisions are contained in Law no. 350/2001 on land development and urbanism 12 under Article 29 paragraph 2 stipulating as mandatory obtaining a city planning certifcate (i) for drawing up of cadastral documentation for unifcation or partitioning of real properties in at least 3 parcels, when the unifcation or partitioning is required for performing construction or infrastructure works as well as (ii) for establishment of easement of passage. 1.4 Building permit The construction of a renewable energy plant always requires a building permit, irrespective of its installed capacity. Generally, the local public administration is competent to issue the building permit for those plants erected on its administrative territory. However, in cases where a plant is located (i) on the territory of more than one administrative unit (town/ commune); or (ii) extra muros of a commune that does not have a specialised structure, the building permit shall be issued by the president of the county council, with the consent of the mayor of the respective town or commune. The building permit is issued within 30 days upon submitting the complete documentation to the competent authority. The process of obtaining the complete documentation requires various other permits and approvals that will vary depending on the location (e.g., urbanism certifcate, environmental approval, approval from the aeronautical authority, archaeological approval, approvals for change of land designation, etc.) and specifc technical documentation and real rights over the project land. Therefore, the timeframe will depend on the features of the project, such as location or installed capacity. 11 Law No. 50/1991 on the authorisation of construction works, repub- lished in the Romanian Offcial Gazette no. 933 of 13 October 2004 12 Law no. 350/2001 on land development and urbanism, published in the Romanian Offcial Gazette no. 373 of 10 July 2001. Prevederi legale / Legal Regulations 33 1 3 2 4 5 1.5 Planifcare urbanistic i categorii de folosin Autorizaia de construire poate f emis doar atunci cnd construcia centralei electrice este permis prin planul urbanistic al municipalitii (Plan Urbanistic General - PUG). Atunci cnd planifcarea urbanistic nu permite construirea unei centrale electrice, sunt posibile modifcri prin pregtirea unui plan urbanistic pentru suprafaa relevant pentru proiect (Plan Urbanistic Zonal - PUZ) sau, n anume situaii, a unui plan urbanistic de detaliu PUD). Similar PUG-ului, att PUZ-ul, ct i PUD-ul, se aprob prin hotrre a consiliului local. n anumite cazuri, modifcarea necesit o evaluare strategic de mediu (SEA). Modifcarea planului urbanistic trebuie fnalizat anterior emiterii autorizaiei de construcie. Scoaterea din circuitul agricol a terenului aferent proiectului este o condiie pentru obinerea autorizaiei de construcie. Procedura este diferit n funcie de suprafaa terenului, precum i n funcie de alte criterii, cum ar f calitatea solului sau capacitile de irigare, astfel nct procesul este mai difcil i necesit o perioad mai ndelungat de timp n cazul terenurilor cu suprafee mai mari sau n cazul suprafeelor cu capaciti de irigare, ntruct vor f implicate mai multe autoriti. Prevederi speciale se aplic scoaterii din circuitul agricol a pajitilor. n cazul parcurilor eoliene, este necesar scoaterea din circuitul agricol numai a acelor suprafee direct afectate de construcii (cum ar f cele aferente fundaiilor turbinelor, staiei de transformare, cilor de acces, liniilor electrice). Pentru parcurile fotovoltaice, n lipsa unor prevederi legale exprese, practica autoritilor variaz considerabil: se cere scoaterea din circuitul agricol a suprafeelor reprezentnd ntreg terenul proiectului, doar a amprentei la sol a panourilor fotovoltaice sau chiar doar a picioarelor structurilor metalice care susin panourile. 1.5 Zoning classifcation and land designation A building permit can only be issued if the construction of a plant is permitted according to the zoning plan of the municipality (Plan Urbanistic General - PUG). If the zoning classifcation does not allow for the erection of an energy facility, it can be amended by preparing a zoning plan for the specifc area considered for the project (Plan Urbanistic Zonal - PUZ) or, in certain situations, a Detailed Urban Plan (Plan Urbanistic de Detaliu PUD). Similarly to the PUG, both PUZ and PUD are approved by resolution of the local councils. In some cases, the amendment requires the execution of a Strategic Environmental Assessment (SEA). The amendment of the zoning plan has to be completed prior to issuing the building permit. Changing the designation of the project land from agricultural land to non-agricultural land is a condition for obtaining the building permit. The procedure differs depending on the surface of the land and on other criteria (e.g., soil quality, irrigation capacities, etc.), with the consequence that the process is more difficult and time consuming for large surfaces of land or for surfaces with irrigation capacities, as more authorities get involved. Special provisions regulate the change of designation for pastures. In the case of wind parks, it will be necessary to change the designation only for those surfaces directly affected by constructions (such as the surface of the foundations of the turbines, the transformer station, access roads, electrical lines, etc.). For solar parks however, given the lack of express legal provisions, the practice of the authorities varies considerably: surfaces representing the entire project land, the footprint of the panels or just of the pillars of the panels supporting structure are requested to be re-designated. Prevederi legale / Legal Regulations 34 1 3 2 4 5 1.6 Prevederi cu privire la mediu 1.6.1 Evaluarea impactului asupra mediului (EIA) Ageniile de mediu locale decid de la caz la caz i pe baza unor criterii specifce (capacitate instalat, amplasament, emisii poluante, inclusiv poluare fonic) dac o central de producere a energiei din surse regenerabile va avea impact semnifcativ asupra mediului, urmnd ca n acest caz s fe solicitat o EIA. n general, EIA este efectuat de ctre agenia de mediu competent. Durata necesar pentru emiterea acordului de mediu conform legislaiei EIA este de 45 de zile lucrtoare de la depunerea documentaiei complete. n funcie de proiect, ntregul proces poate dura mai mult de 12 luni. 1.6.2 Protecia naturii i conservarea peisajului Protecia naturii i conservarea peisajului constituie parte a procedurii EIA. Pentru proiecte eoliene localizate n siturile Natura 2000 care nu se califc drept proiecte cu impact semnifcativ asupra mediului (nsemnnd c acordul de mediu nu este necesar) este necesar avizul Natura 2000. Avizul Natura 2000 este emis de agenia pentru protecia mediului competent. 1.7 Racordarea la reea n baza Legii 220 (dup cum este defnit mai jos), energia electric care benefciaz de sistemul de promovare prin certifcate verzi se bucur de acces garantat la reea, n msura n care nu este afectat sigurana Sistemului Electroenergetic Naional. Accesul garantat este defnit de Legea 220 drept ansamblul de reguli i condiii tehnice i comerciale n baza crora pentru energia electric produs din surse regenerabile de energie care benefciaz de sistemul de promovare prin certifcate verzi contractat i vndut pe piaa de energie electric se garanteaz preluarea n reeaua electric. n scopul de a racorda o central eolian la reeaua public, este necesar emiterea unui aviz tehnic de racordare de ctre operatorul de distribuie sau de ctre operatorul de transport, dup caz. Avizul tehnic de racordare este emis pe baza studiilor de conectare aprobate de ctre operatorii de reea. Accesul poate f refuzat doar n cazul unei lipse de capacitate a reelei. 1.6.1 Environmental impact assessment (EIA) The local environmental agencies decide on a case-by- case basis and after considering specifc criteria (installed capacity, location, polluting emissions, including noise) whether a renewable energy plant will have a signifcant impact on the environment, with the consequence that in such cases an EIA shall be required. Generally, the EIA will be conducted by the competent environmental agency. The timeframe for the issuance of the environmental approval (acord de mediu) in accordance with EIA applicable regulations is 45 working days upon submission of the complete documentation. Depending on the project, however, the overall process may take more than 12 months. 1.6.2 Nature protection and landscape conservation Nature protection and landscape conservation are part of the EIA procedure. For projects located on Natura 2000 sites that do not qualify as projects with a signifcant impact on the environment (meaning that an environmental approval shall not be required) a Natura 2000 permit (aviz natura 2000) is needed. The Natura 2000 permit is issued by the competent environmental protection agency. 1.7 Grid connection Pursuant to Law 220 (as defned below), renewable electricity beneftting from the GCs support scheme enjoys guaranteed access to the grid, provided that the safety of the national energetic system is not affected. Guaranteed access is defned by Law 220 as an ensemble of rules and technical and commercial conditions on the basis of which renewable electricity beneftting from the support scheme contracted and sold on the electricity market is guaranteed the off take into the network. With a view to connect a plant to the public grid, a technical connection permit (aviz tehnic de racordare) should be issued by the distribution system operator or by the transmission system operator, as applicable. The technical connection permit is issued on the basis of connectivity studies approved by the network operators. Access can only be denied in the event of lack of grid capacity. 1.6 Environmental regulations Prevederi legale / Legal Regulations 35 1 3 2 4 5 The technical connection permit is valid for 25 years, provided that within three or six months (depending on the voltage of the electrical lines) of the issuance of the permit, the connection agreement is signed with the competent network operator and the connection fee is paid. A three or six-month extension period is available upon request. The connection fee represents the value of the connection works; hence the value may be substantial. Prior to starting construction of the connection installations and observing the above deadlines, a connection agreement (contract de racordare) shall be signed with the network operator. The purpose of the connection agreement is to determine the terms and conditions of the construction of the connection installations. The following documents must be submitted to the operator: (i) copy of the technical connection permit; (ii) copy of the registration certifcate with the Trade Registry; (iii) building permit for the power plant; (iv) approvals of the land owners to occupy or cross a plot of land and for exercise by the operator of the use and easement rights over the plots of land affected by the connection installation (originals authenticated by a notary public). The operator is obliged to propose a draft connection agreement to the user within maximum ten calendar days from the submission of the documents. The conclusion of the connection agreement is followed by the conclusion of an agreement for the execution of the connection installation between the network operator and a third party that may be designated by the user. Avizul tehnic de racordare este valabil o perioad de 25 de ani, cu condiia ca n trei sau 6 luni (in functie de tensiunea retelei electrice) de la emiterea avizului s fe semnat contractul de racordare cu operatorul de reea competent i s fe pltit tariful de racordare. La cerere este posibil prelungirea acestei perioade cu nc 3 sau 6 luni. Tariful de racordare reprezint valoarea lucrrilor de racordare; prin urmare, valoarea poate f substanial. nainte de nceperea construciei instalaiei de racordare i respectnd termenele limit de mai sus, se va semna un contract de racordare cu operatorul de reea. Scopul contractului de racordare este de a determina termenii i condiiile construciei instalaiei de racordare. Urmtoarele documente trebuie depuse la operator: (i) copie a avizului tehnic de racordare; (ii) copie a certifcatului de nregistrare la Registrul Comerului; (iii) autorizaia de construire a parcului eolian; (iv) acordurile proprietarilor de terenuri cu privire la trecerea sau ocuparea acestora, precum i cu privire la exercitarea drepturilor de uz i servitute de ctre operator asupra suprafeelor de teren afectate de instalaia de racordare (originale autentifcate de un notar public). Operatorul este obligat s propun utilizatorului un contract de racordare n termen de cel mult zece zile calendaristice de la depunerea documentelor. ncheierea contractului de racordare este urmat de ncheierea unui contract pentru execuia instalaiei de racordare ntre operatorul de reea i un ter ce poate f desemnat de ctre utilizator. Prevederi legale / Legal Regulations 36 1 3 2 4 5 1.8 Autorizaia de nfinare Autorizaia de nfinare este independent de autorizaia de construire i este necesar pentru capaciti energetice cu o capacitate instalat de peste 1 MW. Dac puterea electric instalat a capacitii energetice este ntre 500 kW inclusiv i 1 MW inclusiv, nu este necesar obinerea unei autorizaii de nfinare, dar sunt obligatorii notifcarea Autoritii Naionale de Reglementare n domeniul Energiei (ANRE) privind proiectul investiional i raportarea periodic a stadiului realizrii acestuia. Dac puterea electric instalat a capacitii respective este mai mic de 500 kW, aceste obligaii de notifcare i raportare revin operatorilor de distribuie a energiei electrice. Autorizaia de nfinare se emite de ctre ANRE n termen de 30 de zile calendaristice de la depunerea documentaiei complete i plata taxei corespunztoare. Valabilitatea acestei autorizaii se stabilete de ctre ANRE n conformitate cu durata estimat a lucrrilor de construire i cu complexitatea proiectului. Autorizaia de nfinare este necesar ntr-o etap avansat a procesului de dezvoltare, i anume dup emiterea acordului de mediu (dac este necesar) i a avizului tehnic de racordare. Suplimentar, solicitantul trebuie s pun la dispoziie, printre altele, urmtoarele documente: (i) titlul asupra terenului ; (ii) notifcrile ctre terii afectai de drepturile de uz i servitute asupra proprietii lor; (iii) o list cu drepturile de uz i servitute solicitate; (iv) studiul de fezabilitate; (v) documentele care atest asigurarea fnanrii construciei; (vi) planul de amplasament al proiectului; (vii) limitele zonelor de protecie i siguran; (viii) o specifcaie cu privire la etapele lucrrilor de nfinare; i (ix) extrase din caietele de sarcini aferente selectrii ori de copii ale contractelor ncheiate cu contractorii angajai. n urma obinerii autorizaiei de nfinare, centrala electric va benefcia de diferite drepturi legale asupra proprietii terilor necesare fazelor de dezvoltare i construire. Ar putea f menionate dreptul legal de servitute pentru liniile electrice sau dreptul legal de uz pentru depozitarea materialelor de construcie. 1.8 Setting-up authorisation The setting-up authorisation (autorizatie de infintare) is independent from the building permit and is required for the construction of energetic capacities with an installed capacity above 1 MW. Where the installed capacity of the plant lies between 500 kW inclusively and 1 MW inclusively, a setting-up authorisation is not necessary, being however necessary to notify the Romanian Energy Regulatory Authority (ANRE) data regarding the investment project and to regularly report its status of development. Where the installed capacity is below 500 kW, such notifcation and reporting obligations are incumbent upon the distribution network operators. The setting-up authorisation is issued by ANRE within 30 calendar days from the submission of the complete documentation and payment of the corresponding fee. The validity term of this permit is set forth by ANRE in accordance with the expected duration of the construction works and the complexity of the project. The setting-up authorisation is required in an advanced stage of the development process, after the issuance of the environmental approval (if required) and the technical connection permit. In addition, the applicant must provide, among other things, the following documents: (i) title to the land; (ii) notifcations to third parties affected by the applicants use and easement rights on their property; (iii) a list of the requested use and easement rights; (iv) feasibility study; (v) documents attesting that the fnancing of the construction is secured; (vi) the location plan of the project; (vii) the limits of the protection and safety areas; (viii) a specifcation regarding the stages of the setting-up works; and (ix) excerpts from the tender books or copies of the agreements concluded with the designated contractors. Upon obtaining the setting-up authorisation, the plant will enjoy various statutory rights over third- party property required for the development and construction of the plant. The statutory easement rights for the electrical lines or the statutory rights of use for depositing construction materials should be mentioned. Prevederi legale / Legal Regulations 37 1 3 2 4 5 Prior to becoming operational, a power plant should be accredited by ANRE (in order to beneft from the support scheme - see below for details) and be granted two main permits: an environmental authorisation and an operational licence by the energy regulator ANRE. 2.1 Environmental An environmental authorisation (autorizatie de mediu) should be obtained from the local environmental protection agency upon the commissioning into function of the power plant. The environmental authorisation determines the environmental conditions and parameters for the functioning of the plant. 2.2 Operational licence For the operation of a power plant, an operational licence (licenta pentru exploatarea comerciala a unor capacitati de producere a energiei electrice) is required and should be obtained after the plant is commissioned and prior to the commencement of commercial operations. The applicant must submit detailed documentation as follows: (i) specification of the electricity production capacities; (ii) the applicants organisational chart, valid on the application date, indicating the department in charge of the performance of the licensed activity; (iii) an organisational chart attesting the qualification of personnel allocated to the licensed activity; (iv) the organisation and functioning regulations or the quality management manual; (v) a business plan for the licensed activity, for the respective year and for the next two years; (vi) the reception protocol upon completion of works; and (vii) the reception protocol for the commissioning into function of the energetic capacity. The operational licence is issued by ANRE within 30 calendar days after the submission of the complete documentation and payment of the corresponding fee. The validity term of an operational licence shall not exceed 25 years. nainte de a deveni operaional, o central electric trebuie acreditat de ANRE (pentru a benefcia de schema de sprijin a se vedea mai jos pentru detalii) i trebuie s obin dou autorizaii eseniale: autorizaia de mediu i licena de exploatare a capacitii energetice emis de ANRE. 2.1 Mediu O autorizaie de mediu trebuie obinut de la agenia local de protecie a mediului la punerea n funciune a centralei electrice. Autorizaia de mediu determin condiiile i parametrii de funcionare a capacitii energetice. 2.2 Licena de exploatare Pentru operarea centralelor electrice este necesar o licen pentru exploatarea comercial a unei capaciti de producere a energiei electrice care trebuie obinut dup punerea n funciune i anterior nceperii operaiunilor comerciale. Solicitantul trebuie s depun o documentaie detaliat dup cum urmeaz: (i) specifcarea capacitilor de producie; (ii) organigrama solicitantului, valabil la data solicitrii licenei, indicnd departamentul responsabil cu desfurarea activitii pentru care se solicita licena; (iii) structura personalului, pe specialiti, care atest califcarea personalului alocat activitii pentru care se solicit licena; (iv) regulamentul de organizare i funcionare sau manualul calitii; (v) un plan de afaceri pentru activitatea care face obiectul licenei, pentru anul solicitrii acesteia i urmtorii 2 ani; (vi) proces verbal de recepie la terminarea lucrrilor; i (vii) proces verbal de punere n funciune a capacitii energetice. Licena de exploatare este emis de ctre ANRE n 30 de zile calendaristice de la depunerea documentaiei complete i plata taxei corespunztoare. Termenul de valabilitate a licenei de exploatare nu trebuie s depeasc 25 de ani. Power plant operation Prevederi legale / Legal Regulations 38 1 3 2 4 5 Titularii de licene trebuie s constituie i s menin o garanie fnanciar care s reprezinte 1 din valoarea capitalului social al titularului de licen, dar nu mai puin de 1,5% din valoarea cifrei de afaceri anuale. Titularii de licen pltesc ctre ANRE o contribuie anual reprezentnd 0,08% din cifra de afaceri rezultat din activitile comerciale desfurate n domeniul energiei electrice. 2.3 Vnzarea de energie Odat ce capacitatea energetic a devenit operaional, productorul trebuie s vnd energia produs din resurse regenerabile (E-SRE) n mod public i nediscriminatoriu 13 . Legea Energiei pare s permit productorilor s vnd angro disponibilul de energie electric produs doar pe pieele centralizate operate de OPCOM; astfel, nu ar mai f permis comercializarea prin contracte bilaterale direct negociate. La data acestui raport, autoritile nc nu au clarifcat implementarea acestor prevederi. 13 Conform Legii Energiei. Licence holders shall constitute and maintain a fnancial guarantee representing 1 of the value of the share capital of the licence holder, however, no less than 1.5% of the annual turnover. Licence holders pay to ANRE an annual contribution representing 0.08% of the turnover resulting from the commercial activities performed in the electricity feld. 2.3 Sale of energy Once the power plant is operational, the producer should sell the generated energy from renewable sources (E-RES) publicly and on a non-discriminatory basis 13 . The Energy Law seems to allow producers to wholesale trade their energy output only on the centralized markets operated by OPCOM, and no longer also over the counter (via bilateral agreements). At the date of this report, clarifcations are still pending from the authorities on the implementation of these provisions. 13 According to the Energy Law. Prevederi legale / Legal Regulations 39 1 3 2 4 5 3.1 Legal provisions The Romanian renewable energy support scheme is mainly regulated by Law 220/2008 on the promotion system for the energy generation from renewable energy sources (Law 220) 14 . Several pieces of secondary legislation, amongst others published by ANRE, develop the legal framework set by Law 220. 3.2 General framework Romania implemented a support scheme for the renewable energy that entails a quota obligation combined with a green certificates ("GC") trading system in 2005. As opposed to the widespread feed- in tariff system, the GCs support scheme is relatively new and is currently used in several EU countries, including Belgium, the UK, Poland, Sweden, Italy (where feed-in-tariffs are applicable for photovoltaic energy) and Romania. The renewable energy support scheme benefts the producers of renewable electricity generated from wind, solar energy, geothermal energy, biomass, bioliquids, biogas, gas from waste, gas from waste water treatment, and energy produced in hydro power units with installed power of 10 MW or less, provided the power units are (i) accredited by ANRE and (ii) either commissioned or retroftted by the end of 2016. The life span of the support scheme depends on energy source and generation capacity. Under the support scheme a producer of electricity from RES is granted GCs for the power provided to the suppliers or supplied directly to the fnal consumers. At the other end of the chain, the suppliers as well as certain producers of electricity are obliged to acquire GCs in order to comply with the mandatory GCs quotas. 14 As published in the Romanian Offcial Gazette no. 743 of 3 November 2008. 3.1 Reglementri legale Sistemul de promovare a energiei regenerabile n Romnia este, n principal, reglementat prin Legea 220/2008 pentru stabilirea sistemului de promovare a producerii energiei din surse regenerabile de energie (Legea 220) 14 . Parte din legislaia secundar publicat de ANRE, dezvolt cadrul legal stabilit de Legea 220. 3.2 Cadrul general n anul 2005 Romnia a implementat sistemul de promovare pentru energia regenerabil care presupune o cot obligatorie combinat cu tranzacionarea de certifcate verzi (CV). Contrar rspnditului sistem de pre fx, sistemul de promovare prin CV este relativ nou i utilizat n prezent n cteva ri din Uniunea European, precum Belgia, Marea Britanie, Polonia, Suedia, Italia (unde preurile fxe sunt aplicabile energiei fotovoltaice) i Romnia. De sistemul de promovare benefciaz productorii de energie regenerabil din energie eolian, energie solar, energie geotermal, biomas, biolichide, biogaz, gaz de fermentare a deeurilor i energie hidraulic utilizat n centrale cu o putere instalat de cel mult 10 MW, att timp ct capacitile de producere sunt (i) acreditate de ANRE i (ii) puse n funciune sau retehnologizate pn la sfritul anului 2016. Perioada de aplicare a sistemului de promovare depinde the sursa de energie folosit i de capacitatea instalat. Conform sistemului de promovare, un productor de energie electric din surse regenerabile primete CV pentru energia electric livrat furnizorilor sau direct consumatorilor fnali. De cealalt parte, furnizorii de energie electric - precum i anumii productori sunt obligai s achiziioneze CV pentru a se conforma unor cote obligatorii de achiziie. 14 Publicat n Monitorul Ofcial al Romniei nr. 743 din data de 3 noiembrie 2008. Support scheme and green certifcates trading Prevederi legale / Legal Regulations 40 1 3 2 4 5 ANRE monitorizeaz i determin trimestrial i anual gradul de ndeplinire de ctre furnizori/productori a cotelor obligatorii de achiziie. Penalitatea anual pentru nendeplinirea cotelor este de 110 euro (indexat ulterior) pentru fecare CV lips. Penalitatea pentru nendeplinirea cotei trimestriale este preul maxim al CV aprobat i publicat de ctre ANRE pentru anul respectiv, pentru fecare certifcat verde neachiziionat. Numai anumite cote de E-SRE benefciaz de sistemul de promovare (Cote de SRE). Aceste Cote de SRE au fost fxate pn n anul 2020, ncepnd cu 2010, i sunt calculate progresiv, de exemplu: pentru 2012 a fost stabilit o Cot de SRE de 12% din consumul fnal brut de energie electric, n timp ce pentru 2020 Cota de SRE trebuie s ating 20% din consumul fnal brut de energie electric. 3.3 Acreditarea Productorii de E-SRE benefciaz de sistemul de promovare prin CV o dat ce sunt acreditai de ANRE, ncepnd cu luna emiterii acreditrii. Acreditarea se poate obine i preliminar, nc din perioada de probe. 3.4 Emiterea certifcatelor verzi CV sunt emise de operatorul de transport i sistem Transelectrica S.A. (OTS). Numrul de CV alocate productorilor depinde de sursa de energie regenerabil i de puterea instalat a capacitii energetice, astfel: a) 3 CV verzi pentru fecare 1 MWh produs i livrat, dac centralele hidroelectrice sunt noi, sau 2 CV pentru fecare 1 MWh produs i livrat, dac centralele hidroelectrice sunt retehnologizate, pentru energia electric din centrale hidroelectrice cu puteri instalate de cel mult 10 MW; b) un CV pentru fecare 2 MWh din centrale hidroelectrice cu o putere instalat de cel mult 10 MW, care nu se ncadreaz n condiiile prevzute la lit. a); c) dou CV, pn n anul 2017, i un CV, ncepnd cu anul 2018, pentru fecare 1 MWh produs i livrat de productorii de energie electric din energie eolian; d) dou CV pentru fecare 1 MWh produs i livrat de productorii de energie electric din sursele energie geotermal, biomas, biolichide i biogaz; ANRE monitors and assesses on a trimester and annual basis the compliance targets for each supplier/producer. The annual penalty for not reaching the mandatory quota is EUR 110 (subsequently indexed) per each missing GC. The penalty for not reaching the trimester quota is the cap price set for GCs by ANRE for the respective year. Only certain quotas of E-RES beneft from the support scheme (RES Quotas). These RES Quotas have been fxed for each year until 2020, starting 2010, and are calculated progressively, e.g. for 2012 a mandatory RES Quota of 12% of gross national electricity consumption was set, while for 2020 the RES Quota should reach 20% of the gross national electricity consumption. 3.3 Accreditation E-RES producers beneft from the GCs support scheme upon accreditation by ANRE, starting with the month when the accreditation decision has been issued. Accreditation may be applied for already in the testing period. In this case, a preliminary accreditation is granted. 3.4 Green certifcates issuing GCs are issued by the transport and system operator Transelectrica S.A (TSO). The number of GCs allocated to producers depends on the type of renewable energy and the installed power of their generation capacities as follows: a) for hydro-power plants with a capacity of up to 10 MW: 3 GCs for each MWh generated and fed into the grid by new hydro-power plants; and 2 GCs for each MWh generated and fed into the grid by retroftted hydro-power plants; b) one GC for each 2 MWh fed into the grid by hydro- power plants with an installed power ranging from 1 to 10 MWh, which do not fall within the scope of point a); c) 2 GCs, until 2017, and one GC, starting with 2018, for each MWh fed into the grid by wind farms; d) 2 GCs for each MWh fed into the grid generated from geothermal energy, biomass, bioliquids, biogas; Prevederi legale / Legal Regulations 41 1 3 2 4 5 e) one GC for each MWh fed into the grid generated from gas from waste, gas from waste water treatment; f) 6 GCs for each MWh fed into the grid generated from solar sources; and g) 1 GC for each MWh fed into the grid during the testing period, regardless of the RES. A GC is valid for 16 months from the date of issuance of a GC by the TSO and will either be (i) used/consumed, or (ii) annulled (if not used by the supplier/producer to fulfll its mandatory GCs quota). 3.5 Green certifcates trading and registry Currently there are two dedicated means of trading GCs: the bilateral contracts market and the centralized market. These national markets run in parallel without any priority order. The producers can trade the allocated GCs separately from the E-RES associated with the same GCs. The trading prices are determined by competitive mechanisms specifc to each of these markets. However, they have to lie between a foor and a cap price originally fxed at EUR 27 and EUR 55, respectively, and indexed on a yearly base. GCs can be traded solely on the Romanian market, until the national targets set forth by Law 220 are reached. From a practical perspective, however, even if these national targets are reached, international trading is not possible due to the lack of a trading platform that would allow trading GCs with other EU countries. A certain harmonisation between the EU countries that have implemented the GCs system would be required in order to allow international GCs trading. Directive 2009/28 stipulates that Member States may voluntarily decide to join or partially coordinate their national support schemes. Romania has implemented this principle in the national legislation, but has not taken any steps to agree with another Member State (that has also implemented the green certifcates system) on a joint support scheme that would allow for inter-state trading.
The transfer of GCs is recorded in a special registry dedicated to GCs. The participants to GCs markets are producers, suppliers and (potentially) administrators/liquidators for producers/suppliers. e) un CV pentru fecare 1 MWh produs i livrat de productorii de energie electric din sursele gaz de fermentare a deeurilor i gaz de fermentare a nmolurilor din instalaiile de epurare a apelor uzate; f) 6 CV pentru fecare 1 MWh produs i livrat de productorii de energie electric din surs solar; i g) un CV pentru fecare 1 MWh produs i livrat n perioada de probe, indiferent de sursa de energie regenerabil. Un CV este valabil 16 luni de la data emiterii de ctre OTS, timp n care poate f (i) utilizat/consumat sau (ii) anulat (dac nu a fost folosit de ctre un furnizor/productor pentru ndeplinirea cotei obligatorii de achiziie). 3.5 Tranzacionarea i nregistrarea certifcatelor verzi n prezent exist dou metode de tranzacionare a CV: piaa contractelor bilaterale i piaa centralizat. Aceste piee naionale coexist fr ca vreuna dintre ele s aib prioritate. Productorii pot tranzaciona CV alocate separat de E-SRE corespunztoare respectivelor CV. Preurile sunt deteminate de mecanismele concureniale specifce fecrei piee, ns trebuie s se ncadreze ntre limitele legale stabilite iniial ntre 27 euro i 55 euro, astfel cum sunt indexate anual. CV pot f tranzacionate doar pe piaa din Romnia, pn ce intele naionale prevzute de Legea 220 sunt atinse. Din perspectiv practic, totui, chiar i dac aceste inte naionale sunt atinse, tranzacionarea pe plan internaional nu este posibil din cauza lipsei unei platforme internaionale ce ar permite tranzacionarea de CV n alte ri din UE. O anumit armonizare ntre rile UE care au implementat sistemul de CV ar f necesar pentru a permite tranzacionarea pe plan internaional. Directiva 2009/28 prevede c statele membre pot hotr, pe o baz voluntar, s pun n comun sau s i coordoneze parial schemele naionale de sprijin. Romnia a implementat acest principiu n legislaia naional, dar nu a fcut pai pentru a agrea cu un alt stat membru (care a i implementat sistemul de certifcate verzi) o schem de sprijin comun care s permit tranzacionarea ntre state. Transferul CV (pe oricare dintre piee) este nregistrat ntr- un registru special al CV. Participanii la piaa intern de CV sunt productorii de energie regenerabil, furnizorii de energie i (potenial) administratorii/lichidatorii productorilor/furnizorilor. Prevederi legale / Legal Regulations 42 1 3 2 4 5 3.6 Excesul de certifcate verzi Intr-o situaie n care oferta de CV depete cererea de CV va exista un exces. Este de ateptat ca dou mecanisme s devin aplicabile n acest caz. Pe de o parte, ANRE ar putea face uz de dreptul de ajustare ex-post a cotei obligatorii de achiziie, n luna martie a fecrui an cu referire la cota obligatorie aferent anului precedent. n urma unei astfel de ajustri, exist o perioad limitat de tranzacionare, destinat achiziiei de ctre furnizori a CV n baza cotei obligatorii ajustate. Pe de alt parte, penalitile pentru nendeplinirea cotei de achiziie trimestriale se colecteaz ntr-un fond de garantare. Acest fond va f constituit i administrat de ctre operatorul comercial al pieei de energie electric (OPCOM) i destinat cumprrii de la productori a CV nevndute datorit nendeplinirii cotei. Fondul de garantare, prin OPCOM, cumpr CV nevndute n sistem pro-rata, n raport cu producia de energie electric, de la toi productorii de E-SRE care le solicit, la un pre cel puin egal cu preul minim legal al CV. 3.7 Capaciti energetice cu puteri instalate mari Legea 220 prevede o obligaie individual aplicabil productorilor care dezvolt proiecte de energie regenerabil cu o capacitate instalat de mai mult de 125 MW/central i care sunt eligibili pentru sistemul de promovare. Obligaia se refer la notifcarea unei documentaii specifce care s permit Comisiei Europene o analiz asupra proiectului, conform prevederilor orientrilor comunitare privind ajutorul de stat pentru protecia mediului 2008/C82/01. Aceti productori vor benefcia de sistemul de promovare numai dup autorizarea de ctre Comisia European. In a situation in which the offer of GCs exceeds the demand for GCs, a situation of excess of GCs would appear. Two mechanisms might then be expected to be used. On the one hand, ANRE might make use of its right to adjust the mandatory GCs quota on an ex-post basis each March for the respective preceding year. Following such adjustment, a limited trading period is available for suppliers to adjust their GCs obligation to the adjusted quota.
On the other hand, the penalties for not acquiring the suffcient number of GCs on a trimester basis will be collected in a Guarantee Fund. Such Fund will be established and managed by OPCOM and will be destined to the acquisition from producers of excess GCs. The Guarantee Fund, through OPCOM, will acquire from all renewable energy producers the unsold GCs, pro-rata with their electricity output, against a price equal at least with the foor price set by law for GCs trading. 3.7 Large energy facilities Law 220 imposes an individual obligation applicable to producers that develop renewable electricity projects with an installed capacity in excess of 125 MW/plant and that are eligible for the GCs support scheme. In this case, the European Commission analyzes the respective project pursuant to the provisions of the Community Guidelines on state aid for environmental protection 2008/C82/01. The producers will fnally beneft from the support scheme only upon authorization from the European Commission. 3.6 Excess of green certifcates Prevederi legale / Legal Regulations 43 1 3 2 4 5 3.8 Supracompensarea Supracompensarea este defnit ca find o rat intern de rentabilitate mai mare cu 10% fa de valoarea considerat pentru tehnologia respectiv. Rata intern de rentabilitate este un indicator rezultat dintr-o analiz cost-benefciu care exprim rentabilitatea unui proiect de investiie, i anume rata de actualizare pentru care veniturile actualizate sunt egale cu cheltuielile actualizate, pe ntreaga durat de via a proiectului. ANRE monitorizeaz productorii benefciari ai sistemului de promovare i pregtete rapoarte anuale. n cazul n care un astfel de proces de monitorizare relev faptul c sistemul de promovare aplicabil cauzeaz o supracompensare pentru productorii de energie regenerabil, ANRE propune msuri pentru a reduce numrul de CV acordate, care se vor aproba prin hotrre de Guvern. n orice caz, n cazul unei ajustri n minus, sistemul modifcat nu se va aplica retroactiv, nsemnnd c se va aplica doar acelor proiecte care devin operaionale dup intrarea n vigoare a sistemului modifcat. Aplicarea mecanismului de ajustare n urma supracompensrii (n urma primului proces de monitorizare) a fost amnat pn la 1 ianuarie 2014 pentru sectorul energiei solare i pn la 1 ianuarie 2015 pentru toate celelalte tehnologii. 3.9 Cumulul de ajutoare n cazul n care un productor benefciaz de mai multe ajutoare de stat, suplimentar fa de CV, numrul de CV acordate va f redus, conform unei formule prevzute de lege. Pe cale de excepie, centralele electrice puse n funciune nainte de 1 ianuarie 2013, care pn la 13 iulie 2011 (momentul autorizrii schemei de sprijin de ctre Comisia European) au benefciat sau li s-a aprobat ajutor de stat, vor primi integral numrul de certifcate verzi (aa cum este detaliat mai sus la 3.4). 3.8 Overcompensation Overcompensation is defned as an internal rate of return 10% higher than the reference internal rate of return for a specifc technology. The internal rate of return is the return of an investment project and calculated by a cost-beneft analysis, which is performed by using the updating technique applied to the investment costs, operating costs and the resulting income throughout the lifespan of the projects. ANRE monitors the renewable energy producers that beneft from the support scheme and prepares annual reports. Should this monitoring process emphasize that the applicable support scheme triggers an overcompensation of the renewable energy producers, ANRE should propose measures to decrease the number of GCs granted according to the scheme, which should be further approved by the Romanian Government. However, in the case of a downward adjustment of the scheme, the amended scheme shall not apply retroactively. The applicability of an adjustment to the scheme (following the frst monitoring process) is postponed until 1 January 2014 for the solar sector and until 1 January 2015 for all other renewable technologies. 3.9 Various investment aids and green certifcates In case a producer benefts from other investment aids in addition to GCs, the number of GCs granted will be then reduced, according to a formula determined by law. By way of exception, the renewable energy plants commissioned before 1 January 2013, which beneftted from or were approved to receive state aid before 13 July 2011 (the date of the authorization of the support scheme by the European Commission), will continue to receive the full number of GCs (as detailed above under 3.4). Prevederi legale / Legal Regulations 44 1 3 2 4 5 Directiva pentru energie regenerabil (Directiva 2009/28/CE de modifcare i ulterior de abrogare a Directivei 2001/77/CE privind promovarea electricitii produse din surse de energie regenerabile pe piaa intern a electricitii) promoveaz obiective strategice cu scopul de a crete semnifcativ producia de energie regenerabil la nivel european. Directiva prevede un obiectiv obligatoriu n conformitate cu o pondere de 20% a E-SRE din consumul brut la nivel comunitar care trebuie ndeplinit pn n anul 2020, precum i un alt obiectiv naional privind o pondere de 10% a E-SRE n transporturi. Pentru a ndeplini obiectivele generale, Directiva impune fecrui stat membru obiective naionale. Romniei i s-a stabilit un ambiios obiectiv obligatoriu privind o pondere de 24% a E-SRE din consumul fnal brut de energie pn n anul 2020. The Renewable Energy Directive (Directive 2009/28/ EC amending and repealing Directive 2001/77/ EC on the promotion of electricity produced from renewable energy sources on the internal electricity market) promotes strategic objectives aimed at signifcantly increasing the production of renewable energy at the Community level. The Directive sets a mandatory target of 20% of the share of E-RES (energy from renewable sources) in the Communitys gross consumption to be reached by 2020, including a further target of 10% for E-RES for each Member States transport energy consumption. In order to achieve the overall targets, the Directive imposes national targets for each Member State. Romania has been set an ambitious mandatory target of 24% of E-RES in the fnal gross consumption of energy by 2020. European Union legislation as regards the renewable energy industry Prevederi legale / Legal Regulations 45 1 3 2 4 5 2011 a nsemnat anul n care Romnia a fost cea mai activ ar din Centrul i Estul Europei, din punct de vedere al capacitilor nou-instalate, depind pentru prima dat Polonia. n cifre, aceasta nseamn 520 MW conectai la reea, comparativ cu 436 MW instalai n Polonia. De asemenea, anul trecut a nsemnat o evoluie i fa de 2010, o cretere cu 16% a capacitilor nou-instalate. Toate acestea n condiiile n care sistemul legislativ de suport pentru energia regenerabil a fost defnitivat abia n iunie 2012. A fost un semn de ncredere din partea investitorilor, care au mizat pe adoptarea formei fnale a Legii 220. n urmtorii ani, factorii pozitivi care vor infuena capacitile nou-instalate sunt: atractivitatea mecanismului de suport; cursa contra cronometru de a avea proiectele eoliene conectate pn la sfaritul lui 2016, pentru a se putea califca pentru schema de suport; conectarea ct mai rapid, pentru a putea benefcia pentru o perioad mai lung de cele dou ceritifcate verzi, care sunt acordate pn la sfritul lui 2017. Factorii care pot infuena negativ sunt: riscul de ar; riscurile zonei Euro i instabilitatea fnanciar la nivelul Uniunii Europene; fnanarea greoaie sau indisponibilitatea fnanrii; colaborarea cu autoritile i declaraiile contradictorii din partea acestora; abundena proiectelor, mai bine sau mai puin bine dezvoltate. Aadar, anul 2012 ar putea f unul spectaculos din punct de vedere al capacitilor instalate, mult peste 2011. n concluzie n 2013-2014 se va putea nregistra o evoluie a capacitilor de energie eolian nou-instalate n Romnia. Conform ultimelor informaii publicate de Transelectrica, n august 2012, erau proiecte cu Aviz Tehnic de Racordare nsumnd 8.413 MW, iar cu Contract de Racordare ncheiat nc 14.045 MW. Totalul ipotetic duce la un galactic 22.458 MW, ceea ce ar plasa Romnia pe locul doi n Europa, dup Germania i naintea Spaniei. 2011 was the year in which Romania was the most active country in Central and Eastern Europe as regards the newly installed capacities, overcoming Poland for the frst time. In fgures, this represents 520 MW connected to the network, as opposed to 436 MW installed in Poland. Also, last year was regarded as evolutionary in contrast to the year 2010, with an increase of 16% of the newly installed capacities. All of these, considering the fact that the legal support scheme for renewable energy was not fnalized until June 2012. This can be considered a sign of trust on behalf of the investors, who have based their trust on the enactment of Law 220s fnal version. In the following years, the positive factors which will infuence the newly installed capacities are: the attractiveness of the support scheme; the race against time to connect the wind projects by the end of 2016, in order to qualify for the support scheme; the timely connection in order to beneft from the two green certifcates for a longer period, given that these will be issued until the end of 2017. The potentially negative factors are: the country risk; the Euro zone risk and the fnancial instability at the level of the European Union; the strenuous or unavailable fnancing; the cooperation with the authorities and their contradictory statements; the clutter of projects, which are more or less developed. Therefore, 2012 could be a spectacular year as regards the installed capacities, well over the year 2011. In conclusion, in 2013 2014 an increase of the newly installed wind energy capacities in Romania is likely to emerge. According to the latest information issued by Transelectrica, in August 2012 there were projects with connection permits in the amount of 8,413 MW, and projects with concluded connection agreements of another 14,045 MW. The hypothetical total leads up to a galactic 22,458 MW, which could place Romania on the second place in Europe, after Germany and in front of Spain. Founding Partner, Kogaion Investments I N T E R V I E W Prevederi legale / Legal Regulations 46 1 3 2 4 5 Desigur, aceti 22 GW sunt ceea ce se poate numi proiecte pe hrtie, pentru c, sub nicio form nu vom vedea asemenea capaciti instalate n Romnia n urmtorii muli ani. Trebuie ns luai n calcul mai muli factori care vor nclina balana realitate vs. hrtie ctre realitate. Primul factor, cel mai important de altfel, este calitatea muncii de dezvoltare a proiectelor. Foarte multe dintre proiectele pe hrtie nu vor ajunge s fe construite, pentru c nu vor trece niciodat un Due Diligence legal i tehnic. Fie din cauz c dezvoltatorii au luat-o pe scurtturi, fe din cauz c nu a fost luat n calcul accesul pentru transport, fe din cauza unor soluii de conectare cel puin fanteziste, fr niciun fel de fezabilitate economic. Al doilea factor este legat de disponibilitatea capitalului. innd cont c majoritatea proiectelor pe hrtie au fost dezvoltate pentru a f vndute i lund n calcul disponibilitatea fnanrii pentru investitorii n energie eolian n Romnia, avem de a face cu o noua barier n a construi. Cel de-al treilea factor de menionat este limitarea, de ctre regulatorul pieei, a capacitilor ce vor f instalate, att datorit unor constrngeri tehnice (capacitatea reelei de transport i distribuie), precum i datorit unor constrngeri date de Planul Naional de Aciune i de suportabilitatea social a depirii intelor impuse prin acesta. Lund n calcul punctele analizate mai sus, se poate concluziona c ntre 2.800 i 3.200 de MW ar putea f instalai pn la sfritul lui 2014, dac nu vor avea loc alte rsturnri spectaculoase de situaie, fe datorit crizei datoriei suverane din zona Euro, fe datorit modifcrii cadrului legislativ n Romnia. Of course, these 22 GW are what could be called projects on paper, because we defnitely wont be seeing any such capacities installed in Romania for many years to follow. One should however take many more factors into account which will tilt the balance between reality and paper towards reality. The first factor, and the most important one, is the quality of the project development work. Many of the projects on paper will not get the chance to be built, because they will never pass a legal and technical Due Diligence either because the developers have taken shortcuts, or because the access for transport has not been considered, or because of connection solutions which are at least fanciful, without any economical feasibility. The second factor is linked to the availability of funds. Taking into account that most of the projects on paper were developed in order to be sold, and considering the availability of funding wind energy projects in Romania, we are dealing with a new obstacle in the path of construction. The third factor is the limitation, by the market regulator, of the capacities that are to be installed, which are due either to technical restraints (the capacity of the transport and distribution network), or to restraints arising from the National Action Plan and the social endurance with regards to the exceeding of the targets that it imposes. Considering the matters mentioned above, it can be concluded that between 2,800 and 3,200 MW could be installed by the end of 2014, provided that no other extraordinary situations due either to the sovereign debt crisis in the Euro zone or to changes in the Romanian legal framework will arise. I N T E R V I E W Surse de fnanare a investiiilor n energia regenerabil Surse de fnanare a investiiilor n energia regenerabil / Sources of fnancing for renewable energy investment 48 1 3 2 4 5 Interesul investitorilor n piaa romneasc de energie eolian este n cretere. Multe companii importante au nceput deja s dezvolte proiecte de energie eolian, cu toate c nu exista o legislaie corespunztoare n ceea ce privete sistemul de sprijin. ntre timp, aceast insufcien s-a rezolvat i proiectele continu s fe implementate. Investiiile cu privire la modernizarea i construirea de noi instalaii de producere a energiei folosind surse regenerabile pot f fnanate de ctre statul romn i UE prin urmtoarele dou programe: ERDF Fondul de Dezvoltare Regional European Programul Operaional Sectorial Creterea Competivitii Economice, - Msura 4.2 Investiiile n Energia Regenerabil EAFRD Fondul European Agricol pentru Dezvoltare Rural Msura 121- Modernizarea exploataiilor agricole. ERDF: n conformitate cu HG 750/2008 cu modifcrile ulterioare, n cadrul Msurii 4.2, s-au alocat iniial aproximativ 200 milioane de euro pentru fnanarea proiectelor de energie regenerabil n perioada 2007- 2013, din care 85% reprezint fonduri UE nerambursabile oferite de ERDF i 15% reprezint fonduri publice de cofnanare de la bugetul de stat. HG 750/2008 a fost ulterior modifcat, cel mai recent de ctre HG 248/2012, astfel nct bugetul total disponibil pentru aceast schem de suport a crescut la 463 milioane euro, din care 88% sunt fonduri UE nerambursabile oferite de ERDF i 12% sunt cofnanate de Ministerul Economiei, Comerului i Mediului de Afaceri. Aplicanii pot primi pn la 18 milioane de euro n fonduri UE nerambursabile pentru proiecte de energie eolian potrivit Msurii 4.2. Pn la 70% din costurile proiectelor eligibile se pot fnana prin aceast modalitate, find condiionate de dimensiunea societii solicitante. Cererile de fnanare au putut f depuse ca urmare a cererilor de ofert din anii 2008 i 2010. Toate proiectele au concurat ntre ele din punct de vedere al calitii, astfel nct doar cele mai bune au fost subvenionate. Investor interest in the Romanian wind energy market is growing. A number of major companies have implemented wind farm projects despite the initial lack of adequate relevant legislation regarding the incentive scheme. In the meantime, the issue of the support scheme is resolved and projects are continuing to be implemented. Investment in the upgrading and construction of new power production facilities through the use of renewable energy sources can be fnanced by the Romanian state together with the European Union through the following two programmes: ERDF the European Regional Development Fund the Sectoral Operational Programme Increase the Economic Competitiveness Measure 4.2 Investments in Renewable Energy EAFRD the European Agricultural Fund for Rural Development Measure 121 Modernisation of agricultural holdings. ERDF: according to GD 750/2008 with subsequent amendments, within the framework of Measure 4.2, around EUR 200 million have been initially made available for funding renewable energy projects during the programming period 2007-2013, of which 85% represents non-refundable EU funds granted by the European Regional Development Fund and 15% public co-fnancing funds from the state budget. The GD 750/2008 has been subsequently amended, most recently by GD 248/2012, so that the total budget available for this support scheme increased to EUR 463 million, of which 88% are non-refundable EU funds granted by ERDF and 12% are co-fnanced by the Ministry of Economy, Trade and Business Environment. Companies could receive up to EUR 18 million in non- reimbursable EU-funds for wind energy projects under Measure 4.2. Up to 70% of the eligible project costs could be funded, depending on the size of the company applying for the funds. Financing applications could be submitted as a result of the calls for proposals in 2008 and 2010. All the projects submitted competed with each other in terms of quality, such that only fnancing applications of a high quality were subsidised. Programmes co-fnanced by the EU Surse de fnanare a investiiilor n energia regenerabil / Sources of fnancing for renewable energy investment 49 1 3 2 4 5 Au fost depuse n total 450 proiecte de energie alternativ (din toate tipurile de surse de energie), din care aproximativ 60 au fost aprobate pn acum, iar fondurile aferente acestei msuri au fost iniial epuizate. n iunie 2012, urmare a creterii fondurilor totale alocate acestei scheme, Organismul Intermediar pentru Energie din cadrul Ministerului Economiei, Comerului i Mediului de Afaceri a anunat realocarea ntregului buget disponibil pentru cofnanarea proiectelor de energie verde care au fost depuse i nu au fost selectate urmare a cererii de ofert din 2010 n ordinea descresctoare a punctajului obinut de ctre fecare proiect. EAFRD: Condiia de baz pentru a primi fonduri pentru energia regenerabil conform Msurii 121 a fost aceea ca toat electricitatea rezultat s fe folosit exclusiv pentru parcul care aplic la aceste fonduri electricitatea nu trebuie s fe livrat n reeaua naional. Valoarea maxim a costurilor eligibile a unor astfel de proiecte nu trebuie s depeasc 2 milioane de euro. Componenta public cofnanatoare a fost limitat la 800.000 de euro pentru perioada 2010-2013 cu sprijin nerambursabil de 40%. Pentru proiectele care au inclus investiii n producia agricol i utilizarea energiei regenerabile, costurile eligibile maxime puteau depi valoarea de 2 milioane de euro, dar au fost limitate la 3 milioane de euro. Ultima posibilitate de a depune proiecte a fost la nceputul lui iulie 2012, viitoarea ans find la nceputul anului 2014. Surse UE de fnanare n viitor "Europa 2020" este strategia de cretere economic a UE pentru perioada 2014-2020. Noua strategie UE "Europa 2020" pentru o cretere durabil i locuri de munc plaseaz inovarea i creterea economic verde n centrul planului su pentru competitivitate. Obiectivele UE de cretere durabil includ creterea ponderii energiei regenerabile n consumul fnal de energie la 20%. ndeplinirea obiectivului de energie menionat mai sus ar putea economisi 60 de miliarde de euro la factura Europei pentru importurile de petrol i de gaze pn n 2020 - esenial att pentru securitatea energetic, ct i din motive economice; n plus, mai mult de 600.000 de locuri de munc ar putea f create n UE, potrivit Comisiei Europene. Investitorii din sectorul energiei regenerabile sunt invitai s se implice n conceperea de aciuni care urmeaz s fe implementate n noua perioad de planifcare, care a nceput n fecare stat membru n 2012. With a total of around 450 alternative energy projects (all energy sources) submitted, of which some 60 have been approved so far, the funds set aside for this measure have been initially exhausted. In June 2012, further to the increase in total funds available for the scheme, the Intermediary Organism for Energy within the Ministry of Economy, Trade and Business Environment announced the reallocation of the entire budget available to the co-fnancing of green energy projects that had been submitted and not selected following the call for proposals in 2010 in descending order of the scores obtained by each project. EAFRD: The precondition for receiving funds for renewable energy under Measure 121 was that all the electricity produced be used exclusively for the farm that applies for these funds no electricity should be fed into the national grid system. The maximum value of the eligible costs for such projects could not exceed EUR 2 million. The public co- financing component was limited to EUR 800,000 for the period 2010-2013 with non-reimbursable support of 40%. For projects that included investments in agricultural production and the use of renewable energy, the projects maximum eligible costs could exceed EUR 2 million but were limited to EUR 3 million. The last possibility to submit projects was in early July 2012, the next chance should be in early 2014. Prospective EU fnancing sources Europe 2020 is the EU's growth strategy for the programming period 2014-2020. The EU's new Europe 2020 strategy for sustainable growth and jobs puts innovation and green growth at the heart of its blueprint for competitiveness. EUs sustainable growth targets include increasing the share of renewable energy in final energy consumption to 20%. Meeting the above-mentioned energy goal could save EUR 60 billion on Europes bill for oil and gas imports by 2020 essential for both energy security and economic reasons; moreover, more than 600,000 jobs could be created in the EU, according to the European Commission. Investors in the renewable energy sector are invited to become involved in the design of actions to be pursued in the new programming period which started in each member state in 2012. Surse de fnanare a investiiilor n energia regenerabil / Sources of fnancing for renewable energy investment 50 1 3 2 4 5 Noi, la Becker Consult nu ne ocupm doar de pregtirea documentelor necesare n vederea obinerii scrisorilor de aprobare pentru fonduri europene, ci, de asemenea, de ntreg procesul de punere n aplicare a unui proiect. Avnd n vedere c n prezent nu mai este posibil depunerea de noi cereri la Ministerul Economiei n scopul obinerii de fonduri europene pentru proiecte de energie eolian, implementarea proiectelor deja aprobate devine din ce n ce mai important. Implementarea (lansarea, demararea) unui proiect nu este n niciun caz mai uoar dect prima faz, aceea de a obine aprobare pentru acesta. ntr-adevar, este vorba de un proces complicat i extrem de birocratic, existnd riscul comiterii multor greeli. Punctele cele mai importante care trebuie respectate sunt urmtoarele: Semnarea contractului cu Ministerul: nainte de semnarea contractului numeroase documente trebuie pregtite sau actualizate n termen de 70 de zile lucrtoare de la data eliberrii scrisorii de aprobare. Aceste documente variaz de la autorizaii de construcii, contractul pentru conectarea la reea, certifcatul Natura 2000, confrmarea faptului c societatea nu are datorii ctre autoritile fscale, la scrisoarea de confort pentru valoarea proiectului care depete fondurile aprobate. Dac oricare dintre aceste documente lipsete, obinerea fondurilor europene nu este posibil. Achiziionarea: toate activele proiectului trebuie s fe achiziionate n conformitate cu normele privind achiziiile publice. Dac se strecoar vreo greeal n aceste proceduri, fondurile UE acordate pot f reduse sau retrase n totalitate. Implementarea: Orice proiect sufer unele modifcri tehnice sau anumite ntrzieri pe durata fazei de punere n aplicare. Toate aceste modifcri i ntrzieri trebuie anunate la Ministerul Economiei n timp util, pentru ca Ministerul s-i poat exprima punctul de vedere nainte ca orice alt aciune s fe ntreprins. Din nou, nclcarea acestei reguli poate duce la o reducere sau la retragerea total a fondurilor europene. Vnzarea unui proiect: nu este permis vnzarea componentelor individuale ale unui proiect (de exemplu turbinele eoliene individuale sau transformatoarele), dar este posibil vnzarea de aciuni n cadrul companiei care deine proiectul. Tranzaciile de acest fel trebuie anunate la Ministerul Economiei nainte ca ele s aib loc. At Becker Consult we are not only involved in preparing the documents required to obtain letters of approval for EU-funds, but also in the entire process of implementing a project. Given that it is currently no longer possible to submit new applications to the Ministry of Economy with a view to obtaining EU-funds for wind energy projects, the implementation of projects already approved becomes increasingly important. Implementation is by no means easier than the initial phase of obtaining an approval. Indeed it is a complicated and highly bureaucratic process with many opportunities to make mistakes. Let me explain the most important points that need to be respected: Signing of the contract with the Ministry: Before signing the contract a long list of documents has to be prepared or updated within 70 working days from the day the letter of approval is issued. These documents range from building permits, the contract for the grid connection, Natura 2000, confrmation that the company has no debts to the tax authorities, to the letter of comfort for the value of the project exceeding the approved funds. If any of these documents is missing, the EU-funds will be lost. Acquisition: All the assets of the project have to be tendered according to the rules of public procurement. If there is any mistake in these procedures the EU-funds awarded can be either reduced or claimed back entirely. Implementation: Every project undergoes some technical changes or delays during the implementation phase. All of these changes and delays must be announced to the Ministry of Economy in good time so that the Ministry can express its point of view before any action is taken. Again, violation of this rule can lead to a reduction or the claiming back of the EU-funds. Sale of a project: It is not allowed to sell single components of a project (e.g. individual wind turbines or the transformer), but it is possible to sell shares in the company that owns the project. However, transactions of this kind must be announced to the Ministry of Economy before they take place. Founding Partner, Becker Consult I N T E R V I E W Surse de fnanare a investiiilor n energia regenerabil / Sources of fnancing for renewable energy investment 51 1 3 2 4 5 Islanda, Liechtenstein i Norvegia coopereaz strns cu UE prin Acordul privind Spaiul Economic European (SEE). Prin granturile SEE si norvegiene, cele trei ri contribuie la reducerea disparitilor n Europa i la consolidarea relaiilor bilaterale cu 15 ri din Europa central i de sud.
Norvegia i statele membre ale Asociaiei Europeane a Liberului Schimb (AELS), care nu sunt membre UE, joac un rol n dezvoltarea economic i social n Europa. Cu toate progresele nregistrate n ultimii ani n Europa, lacunele n dezvoltarea economic i standardele de via persist. Acordul SEE include ca obiectiv reducerea disparitilor economice i sociale n Spaiul Economic European. Statele SEE - AELS au contribuit la eforturile de coeziune europene nc de cnd Acordul privind SEE a intrat n vigoare n 1994. Au fost alocate 1,79 miliarde de euro subveniilor pentru anii 2009-2014, din care Norvegia ofer 97% din fnanare. Finanarea este orientat ctre domeniile n care exist nevoi care pot f demonstrate n rile benefciare, i care sunt n concordan cu prioritile naionale i obiectivele europene mai largi. Principalele domenii de sprijin includ protecia mediului i schimbrile climatice, societatea civil, copiii i sntatea, patrimoniul cultural, cercetarea i bursele de studii, munca decent, justiia i afacerile interne. Granturile sunt disponibile pentru organizaii non-guvernamentale, instituii de cercetare i academice, precum i sectoarele public i privat. ntre 2009 i 2014, Islanda, Liechtenstein i Norvegia vor furniza 988,5 milioane de euro n granturi SEE pentru cele 12 cele mai noi ri membre ale UE, precum i Grecia, Portugalia i Spania. Granturile SEE sunt fnanate n comun de ctre Islanda, Liechtenstein i Norvegia. Statele donatoare contribuie n funcie de mrimea i bunstarea lor economic. Statele benefciare ale granturilor SEE sunt Bulgaria, Republica Ceh, Cipru, Estonia, Grecia, Ungaria, Letonia, Lituania, Malta, Polonia, Portugalia, Romnia, Slovacia, Slovenia i Spania. Finanarea este alocat ntre ri, avnd n vedere dimensiunea populaiei i PIB-ul pe cap de locuitor. Romnia benefciaz de 190,75 milioane de euro din granturile SEE disponibile pentru perioada 2009-2014. n perioada de cinci ani 2004-2009, au fost puse la dispoziie fonduri de 672 milioane euro. Subveniile au fost acordate pentru mai mult de 800 de proiecte, programe i fonduri, din care aproximativ 200 au inclus fnanare comun granturi SEE i granturi norvegiene. Iceland, Liechtenstein and Norway cooperate closely with the EU through the Agreement on the European Economic Area. Through the EEA and Norway Grants, the three countries contribute to reducing disparities in Europe and to strengthening bilateral relations with 15 countries in central and southern Europe. Norway and the European Free Trade Association (EFTA) member states that are not EU members play a role in the economic and social development in Europe. Despite much progress in Europe over recent years, gaps in economic development and living standards persist. The EEA Agreement includes a goal to reduce social and economic disparities in the European Economic Area. The EEA EFTA States have contributed to European cohesion efforts ever since the EEA Agreement entered into force in 1994. EUR 1.79 billion have been set aside under the Grants for 2009 to 2014 and Norway provides 97% of the funding. The funding is targeted on areas where there are demonstrable needs in the benefciary countries, and that are in line with national priorities and wider European goals. Key areas of support include environmental protection and climate change, civil society, children and health, cultural heritage, research and scholarships, decent work, and justice and home affairs. Grants are available for non-governmental organisations, research and academic institutions, and the public and private sectors. Between 2009 and 2014, Iceland, Liechtenstein and Norway will provide EUR 988.5 million in EEA Grants to the 12 newest EU member countries, plus Greece, Portugal and Spain. The EEA Grants are jointly financed by Iceland, Liechtenstein and Norway. The donor states contribute according to their size and economic wealth. The beneficiary states of the EEA Grants are Bulgaria, Czech Republic, Cyprus, Estonia, Greece, Hungary, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia, Slovenia and Spain. The funding is allocated between the countries based on their population and GDP per capita. Romania has EUR 190.75 million of EEA Grants available for 2009-2014. In the fve-year period 2004-2009, EUR 672 million in funding was made available. Grants were awarded to more than 800 projects, programmes and funds, of which around 200 included joint fnancing by the EEA Grants and the Norway Grants. EEA and Norway Grants Surse de fnanare a investiiilor n energia regenerabil / Sources of fnancing for renewable energy investment 52 1 3 2 4 5 Mai mult de un sfert din subveniile SEE au fost acordate proiectelor din domeniul proteciei mediului i al dezvoltrii durabile. Majoritatea acestor fonduri a fost furnizat pentru creterea efcienei energetice i utilizarea energiei regenerabile n cldiri publice, cum ar f coli i spitale, i pentru reducerea emisiilor de gaze cu efect de ser i a altor poluani. Subveniile norvegiene reprezint 800 milioane de euro n fonduri alocate celor mai noi 12 state membre UE i ale SEE, ntre 2009 i 2014. Norvegia ofer fnanare pentru proiecte de dezvoltare social i economic din Europa central i de sud, att prin subvenii SEE ct i prin subvenii norvegiene. rile benefciare ale subveniilor norvegiene sunt Bulgaria, Republica Ceh, Cipru, Estonia, Ungaria, Letonia, Lituania, Malta, Polonia, Romnia, Slovacia i Slovenia. Finanarea este alocat ntre aceste ri, pe baza populaiei i a PIB-ului pe cap de locuitor. Romnia are 115,2 milioane de euro din granturi Norvegia disponibile pentru 2009-2014. Sectoarele prioritare pentru subveniile SEE i norvegiene includ urmtoarele: Schimbrile climatice i energia regenerabil din subveniile SEE. n cadrul acestui sector prioritar sunt incluse proiecte viznd "energia regenerabil". Fiecare program iniiat n cadrul programului "energie regenerabil" va contribui la obiectivul general de cretere a cotei energiei regenerabile n consumul de energie. Activitile care pot f fnanate au n vedere msuri pentru utilizarea mai intens a energiei regenerabile, dezvoltarea infrastructurii (de exemplu, reele), relevant pentru energia regenerabil i de consolidare a capacitilor, de exemplu, n ceea ce privete planurile i politicile de dezvoltare; Inovare n domeniul industriei regenerabile din subveniile norvegiene. n cadrul acestui sector prioritar sunt incluse proiecte privind "Inovare n Industria Verde". Fiecare program iniiat n cadrul programului "Inovare n Industria Verde" va contribui la obiectivul general de cretere a competitivitii ntreprinderilor ecologice, inclusiv ecologizarea industriilor existente, inovare ecologic i antreprenoriat ecologic. Activitile care pot f fnanate n cadrul fecrui program includ mbuntiri ale tehnologiei i ale proceselor, gestionarea deeurilor i a apelor uzate, efciena energetic, certifcri i verifcri, consolidarea competenelor i consolidarea capacitilor, precum i proiecte pentru punerea n aplicare a tehnologiilor i standardelor necesare pentru a se conforma cu legislaia UE / SEE n domeniul energetic i de mediu. More than one fourth of the EEA Grants was awarded to projects in the felds of environmental protection and sustainable development. The majority of this funding was provided to increase energy effciency and the use of renewable energy in public buildings such as schools and hospitals, and to reduce emissions of greenhouse gases and other pollutants. The Norway Grants represent EUR 800 million in funding allocated to the 12 newest EU and European Economic Area (EEA) member states between 2009 and 2014. Norway provides funding for social and economic development projects in Central and Southern Europe both through the EEA Grants and the Norway Grants. The benefciary countries of the Norway Grants are Bulgaria, Czech Republic, Cyprus, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovakia and Slovenia. The funding is allocated between the countries based on their population and GDP per capita. Romania has EUR 115.2 million of Norway Grants available for 2009-2014. Priority sectors for EEA and Norway Grants include the following: Climate change and renewable energy for EEA Grants. Programme areas within this priority sector include Renewable energy. Each programme set up within the Renewable energy programme area will contribute to the overall objective of an increased share of renewable energy in energy use. Activities which may be supported include measures for the increased use of renewable energy, infrastructure development (e.g. networks) relevant for renewable energy and capacity building, e.g. in respect of developing plans and policies; Green industry innovation for Norway Grants. Programme areas within this priority sector include Green Industry Innovation. Each programme set up within the Green Industry Innovation programme area will contribute to the overall objective of increased competitiveness of green enterprises, including the greening of existing industries, green innovation and green entrepreneurship. Activities that may be supported within each programme include improvements of technology and processes, waste and waste water management, energy effciency, certifcation and verifcations, strengthening of competences and capacity building, as well as support projects to implement technologies and standards necessary to comply with EU/EEA legislation in the feld of environment and energy. Surse de fnanare a investiiilor n energia regenerabil / Sources of fnancing for renewable energy investment 53 1 3 2 4 5 Romania has received funding since entering the EU and EEA in 2007. For the period of 2009-2014 Romania has been allocated EUR 305.95 million (including EUR 98.5 million for the period covering 2007-2009) consisting of EEA Grants and Norway Grants. Norway provides 97% of the funding, with Iceland and Liechtenstein providing the rest. These funds will co-fnance projects within 23 different programmes. The Ministry of European Affairs is the national contact point that will co-ordinate programmes and the management of the fnancial assistance provided to Romania. For each of the funded areas there is a public institution or non-governmental organisation (generically called Programme Operators) that manages directly the allocation of funds. The open calls for project proposals will be organised nationally by Programme Operators running individual programmes. Agreements (Memoranda of Understanding) on the programme areas and priorities for funding were signed in March 2012 between the donor states and Romania. Following the signing of the MoUs, the Programme Operators are now submitting their detailed programme proposals to the Financial Mechanism Offce the secretariat for the Grants. Once these are approved, the call for proposals will be published. This is likely to take some time, with the frst calls for proposals probably appearing in the frst half of 2013. Key areas of support for Romania include Increasing competitiveness of green enterprises, boosting green innovation and entrepreneurship. The programmes to be implemented in Romania include Energy effciency and renewable energy funded by grants of EUR 16 million (of which EUR 8 million is for energy effciency and EUR 8 million for renewable energy ) and Green industry innovation with grants of EUR 24 million. The Programme Operators for these funded areas are the Ministry of Environment and Forests and the Ministry of Economy, Trade and Business Environment. Romnia a primit fonduri de la intrarea n UE i SEE n 2007. Pentru perioada 2009-2014, Romniei i-au fost alocate n total 305,95 milioane de euro (incluznd 98,5 milioane de euro, pentru perioada 2007-2009) constnd n subvenii SEE i granturi norvegiene. Norvegia furnizeaz 97% din fnanare, iar Islanda i Liechtenstein, restul. Aceste fonduri vor cofnana proiecte n cadrul a 23 de programe diferite. Ministerul Afacerilor Europene este punctul de contact naional, care va coordona programele i gestionarea asistenei fnanciare oferite Romniei. Pentru fecare dintre domeniile fnanate exist o instituie public sau non-guvernamental (numit generic Operator de Program), care gestioneaz n mod direct alocarea fondurilor. Licitaiile deschise pentru propuneri de proiecte vor f organizate la nivel naional de ctre operatorii de program care desfoar programe individuale. Acordurile (memorandumuri de nelegere) privind programele i prioritile de fnanare au fost semnate n martie 2012 ntre statele donatoare i Romnia. Dup semnarea acestora, operatorii programului depun acum propunerile lor detaliate de programe la Biroul Mecanismului Financiar - Secretariatul pentru subvenii. Dup ce acestea sunt aprobate, licitaia va f publicat. Este posibil ca acest lucru s ia ceva timp, ateptndu-se ca primele licitaii s aib loc abia n prima jumtate a anului 2013. Principalele domenii de sprijin pentru Romnia includ "Creterea competitivitii ntreprinderilor ecologice, stimularea inovaiei ecologice i a spiritului antreprenorial ecologic". Programele care urmeaz s fe puse n aplicare n Romnia includ "Efcien energetic i energie regenerabil", fnanate din subvenii n valoare de 16 milioane de euro (din care 8 milioane de euro pentru efcien energetic i 8 milioane de euro pentru energie regenerabil) i " Inovare n Industria Verde ", cu subvenii de 24 milioane de euro. Operatorii programului pentru aceste zone fnanate sunt Ministerul Mediului i Pdurilor i Ministerul Economiei, Comerului i Mediului de Afaceri. Surse de fnanare a investiiilor n energia regenerabil / Sources of fnancing for renewable energy investment 54 1 3 2 4 5 O alternativ la programele UE, fondurile pentru investiii n energie alternativ ar putea f, de asemenea, accesate prin intermediul Fondului Romn de Mediu din cadrul Ministerului Mediului i Pdurilor (aprobat prin Ordinul nr 714/21.05.2010). Finanarea a fost acordat pentru pn la 50% din valoarea total a costurilor eligibile aferente proiectelor pentru societile care dezvolt parcuri eoliene n Romnia, cu excepia proiectelor din Bucureti i judeul Ilfov, unde fnanarea maxim era de 40%. Valoarea maxim a fondurilor pe care un benefciar putea s o primeasc a fost de 30 milioane de lei. Acest program a fost fnalizat din iunie-iulie 2010, atunci cnd proiectele au fost depuse pentru ultima dat, cu un fond de 440 milioane de lei alocat pentru acest program. n cadrul acestui program au fost aprobate un numr de 50 de proiecte de energie regenerabil. Dei n februarie 2011 suma total alocat programului a crescut la 900 milioane de lei, este incert dac va f posibil s se depun proiecte n 2012 sau 2013, deciziile necesare nefind nc adoptate. Toate programele de fnanare - UE, precum i programele naionale - cer ca societatea care aplic pentru fonduri s pregteasc un studiu de fezabilitate detaliat al aspectelor tehnice i economice ale proiectului. Pentru a avea o ans real de a primi fnanare, proiectul ar trebui s f dobndit deja autorizaia de construire la depunerea documentelor. As an alternative to the EU-programme, funds for investments in alternative energy could also be accessed through the Romanian Environmental Fund of the Ministry of the Environment and Forest (approved by Order No.714/21.05.2010). Financing was granted for up to 50% of the total eligible costs of the project for companies developing wind farms in Romania, with the exception of projects in the Bucharest and Ilfov county region, where the maximum financing was 40%. The maximum amount of funds a beneficiary could receive was RON 30 million. This programme has been closed since June-July 2010, when projects were submitted for the last time with a total of RON 440 million allocated to this call. A number of 50 renewable energy projects have been approved under this programme. Although in February 2011 the total amount allocated to the programme increased to RON 900 million, it is uncertain whether it will be possible to submit projects in 2012 or 2013; the necessary decisions have not yet been taken. All funding programmes EU as well as national programmes require that the company applying for funds prepare a detailed feasibility study of the technical and economic aspects of the project. To have a realistic chance of receiving funding, the project should already have acquired a building permit on submission of the documents. National funds Surse de fnanare a investiiilor n energia regenerabil / Sources of fnancing for renewable energy investment 55 1 3 2 4 5 Banca European pentru Reconstrucie i Dezvoltare (BERD) fnaneaz proiecte de energie regenerabil i sprijinul su pentru acest sector a crescut n mod semnifcativ n ultimii ani. n 2011, BERD i-a depit sprijinul anterior pentru sectorul energetic prin fnanarea a 26 de proiecte n 14 ri, cu un total de peste 1,2 miliarde de euro. BERD i IFC, membr a Grupului Bncii Mondiale, sprijin strategia din Romnia de cretere a produciei de energie din surse regenerabile prin acordarea de mprumuturi n valoare de 114,8 milioane de euro pentru cofnanarea construciei i exploatrii parcurilor eoliene de 138 MW, Cernavod I i II. n iunie 2011, BERD i IFC au acordat mprumuturi n valoare de 57,4 milioane de euro fecare ctre Cernavoda Power deinut n majoritate de EDP Renovaveis, a treia cea mai mare companie de energie eolian din lume pentru a fnana construcia i exploatarea acestor parcuri eoliene. Ambele instalaii vor pstra 42,2 milioane de euro pentru conturile lor proprii, urmnd s distribuie 15,2 milioane de euro fecare la un grup de bnci comerciale. Aceasta a fost prima investiie i proiect fnanat de ctre BERD i IFC n sectorul energiei regenerabile din Romnia. IFC este cea mai mare instituie global de dezvoltare axat pe sectorul privat din rile n curs de dezvoltare. Mai mult dect att, n iulie 2011, BERD i IFC au mprumutat 73,3 milioane de euro pentru cofnanarea funcionrii parcului eolian de 90 MW de la Petera, care este de asemenea deinut de EDP Renovaveis (EDPR). Ambele instituii au pstrat 26,9 milioane de euro pentru conturile lor proprii, distribuind 9,7 milioane de euro fecare pentru un grup de bnci comerciale. Aceasta a fost a doua investiie i proiect fnanat de ctre BERD i IFC n sectorul energiei regenerabile n Romnia, n urma investiiilor lor n comun n parcul de 138 MW de la Cernavod. Parcurile eoliene Petera i Cernavod din regiunea Dobrogea din Romnia vor forma mpreun unul dintre cele mai mari parcuri eoliene din ar, cu o capacitate total de 228 MW. The European Bank for Reconstruction and Development (EBRD) fnances renewable energy projects and its support for this sector has grown signifcantly in recent years. In 2011 the EBRD surpassed its previous highest-ever support to the power sector by funding 26 projects across 14 countries for a total of over EUR 1.2 billion. The EBRD and IFC, a member of the World Bank Group, are supporting Romanias strategy to increase its renewable energy production by lending EUR 114.8 million to co-fnance the construction and operation of the 138 MW Cernavoda I & II wind farms. In June 2011, the EBRD and IFC lent EUR 57.4 million each to Cernavoda Power majority owned by EDP Renovveis, the worlds third largest wind energy company to fnance the construction and operation of the wind farms. Both will retain EUR 42.2 million for their own accounts, syndicating EUR 15.2 million each to a group of commercial banks. This was the frst investment and project fnancing by the EBRD and IFC in the renewable energy sector in Romania. The IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. Moreover, in July 2011, the EBRD and IFC lent EUR 73.3 million to co-fnance the operation of the 90 MW Pestera wind farm, which is also owned by EDP Renovveis (EDPR). Both institutions retained EUR 26.9 million for their own accounts, syndicating EUR 9.7 million each to a group of commercial banks. This was the second investment and project fnancing by EBRD and IFC in the renewable energy sector in Romania, following their joint investment in the 138 MW Cernavoda wind farm. The Pestera and Cernavoda wind farms in the Dobrogea region of Romania will together comprise one of the largest wind farms in the country with a total capacity of 228 MW. Other institutions which offer fnancing for wind farm projects Surse de fnanare a investiiilor n energia regenerabil / Sources of fnancing for renewable energy investment 56 1 3 2 4 5 n plus, n ianuarie 2011, BERD a acordat ctre Raiffeisen Bank Romnia un nou mprumut de 10 milioane de euro pentru fnanarea proiectelor de efcien energetic care urmeaz s fe puse n aplicare de ctre dezvoltatori locali. Creditul acordat n baza facilitii de fnanare a efcienei energetice UE / BERD va f utilizat pentru a oferi fnanare pentru proiectele de investiii implementate de companiile romneti n acest domeniu, prin mprumuturi pe termen lung de pn la 2,5 milioane de euro fecare. Programul de fnanare comun al EC i BERD permite sectorului industrial local privat s maximizeze economia de energie i s-i mbunteasc competitivitatea. Banca European de Investiii (BEI), joac de asemenea un rol important i n fnanarea sectorului energiei regenerabile. n ultimii cinci ani valoarea anual a mprumuturilor acordate a crescut de mai mult de zece ori atingnd 6,2 miliarde de euro n 2010. mprumuturile BEI pentru energie regenerabil au crescut dramatic n ultimii ani atingnd 5,5 miliarde de euro n 2011. Cea mai mare parte a acestor mprumuturi este direcionat ctre generarea de energie electric eolian i solar. Banca a devenit o surs esenial de fnanare pentru piaa din aceste sectoare. A crescut, de asemenea, considerabil mprumutul acordat pentru efciena energetic, care s-a ridicat la 1,3 miliarde de euro n 2011. Energia eolian, att de pe uscat ct i din larg, este cel mai important sector de energie regenerabil pentru BEI. La sfritul anului 2010, BEI a acordat un mprumut de 200 milioane de euro, n scopul de a fnana dezvoltarea unui parc eolian situat la Fntnele n regiunea Dobrogea. Fondurile de la BEI au fost folosite pentru a cofnana proiectarea, construcia, punerea n funciune i exploatarea lucrrilor aferente parcului eolian, precum i pentru construcia de transformatoare de putere i conexiuni de reea. Proiectul a fost dezvoltat de grupul CEZ AS, un productor de energie avnd guvernul ceh drept acionar majoritar, care a implementat proiectul prin intermediul flialelor sale din Romnia, Tomis Team i MW Team Invest. BRD Socit Gnrale, UniCredit i CaixaBank au oferit fnanare n valoare total de 50 de milioane de euro pentru parcurile eoliene Petera i Cernavod din regiunea Dobrogea dezvoltate de ctre EDP Renovaveis. mprumuturile au fost acordate suplimentar fa de fnanarea mai sus-menionat primit de la BERD i IFC pentru aceste proiecte. Una dintre cele mai importante instituii fnanciare din Romnia, UniCredit Leasing Corporation (UCL), a acordat ctre Holrom i Energy Rose Grup 19 milioane de euro pentru dou proiecte de energie eolian cu o capacitate total instalat de 23 MW, situate n judeul Moreover, in January 2011, the EBRD granted Raiffeisen Bank Romania a new loan of EUR 10 million for the fnancing of energy effciency projects to be implemented by local companies. The loan granted under the EU/EBRD energy effciency fnancing facility will be used to provide fnance to investment projects implemented by Romanian companies in this feld through long-term loans of up to EUR 2.5 million each. The joint fnancing programme of the EC and EBRD allows the local industrial private sector to maximise energy savings and improve its competitiveness. The European Investment Bank (EIB) plays a major and growing role in providing fnance to the renewable energy sector. Over the past fve years its annual lending increased more than tenfold to reach EUR 6.2 billion in 2010. EIB lending for renewable energy has grown dramatically over the last few years to reach EUR 5.5 billion in 2011. The majority of this lending is directed to wind and solar power generation. The Bank has become a key source of fnance for the market in these sectors. It has also considerably boosted its lending for energy effciency, which amounted to EUR 1.3 billion in 2011. Wind energy, both onshore and offshore, is the most important renewable energy sector for the EIB. At the end of 2010, the EIB granted a loan of EUR 200 million in order to fnance development of a wind farm located in Fntnele in the Dobrogea region. The funds from the EIB were used to co-fnance the design, construction, commissioning and operation works related to the wind farm as well as the construction of power transformers and grid connections. The project was developed by the CEZ AS group, an energy producer with the Czech government as majority shareholder that implemented the project through its Romanian subsidiaries, Tomis Team and MW Team Invest. BRD Socit Gnrale, UniCredit and CaixaBank provided fnancing worth a total of EUR 50 million for the Pestera and Cernavoda wind farms developed by EDP Renovveis in the Dobrogea region. The loans were granted in addition to the above-mentioned fnancing received from the EBRD and IFC for these projects. One of the most important fnancial institutions in Romania, UniCredit Leasing Corporation (UCL), granted Holrom and Energy Rose Group EUR 19 million for two wind energy projects with a total installed capacity of 23 MW located in Tulcea county. Surse de fnanare a investiiilor n energia regenerabil / Sources of fnancing for renewable energy investment 57 1 3 2 4 5 Tulcea. Potrivit Raportului UniCredit de Dezvoltare Durabil, n 2011, aceast instituie a fnanat cu 394,8 milioane de euro proiecte legate de protecia mediului i durabilitate. n 2012, UniCredit a acordat mai mult de 1,5 miliarde de euro pentru fnanarea de proiecte eoliene i solare, crescnd, astfel, suma investit anul trecut cu 52%, potrivit Bloomberg. n aprilie 2011, BCR, cea mai mare banc din Romnia, a ncheiat un acord de fnanare n valoare de 23 milioane de euro cu Martifer, un grup industrial multinaional, pentru dezvoltarea unui parc eolian 42 MW n sud-estul Romniei (Tulcea). BCR a acordat un mprumut de 17 milioane de euro pentru Espe Energy Ltd pentru a construi o microhidrocentral pe rul Spna, judeul Maramure. Microhidrocentrala Spna va furniza energie pentru mai mult de 10.000 de familii, cu ajutorul a patru turbine cu o capacitate instalat de 9,88 MW. Microhidrocentrala necesit o investiie de peste 23 de milioane de euro, care va f fnanat n comun de ctre societate i BCR. n 2012, Enel Green Power International, care este parte a grupului italian Enel, a semnat un acord cu Agenia de Credit pentru Export (ACE) a guvernului danez i Citigroup pentru 180 de milioane de euro fnanarea necesar pentru dezvoltarea de parcuri eoliene n Romnia (Zephyr I, 120 MW), Statele Unite ale Americii (Caney River, 200 MW) i Brazilia (Cristal, 90 MW). Citigroup a fost numit agent i aranjor al fnanrii, care se va desfura pe o perioad de 12 ani. Finanarea va f, de asemenea, utilizat pentru a acoperi o parte din investiiile necesare pentru a construi i pentru a extinde centralele eoliene din Moldova Nou i Corugea, n scopul de a obine o capacitate total instalat de 118 MW, potrivit Mediafax. Rolul instituional al ACE presupune sprijin pentru productorii danezi de componente furnizate ctre Enel Green Power pentru construirea celor trei parcuri eoliene. Alte bnci, cum ar f Alpha Bank, ING i Banca Romneasc i-au exprimat interesul n fnanarea proiectelor de energie eolian, iar unele dintre aceste instituii negociaz mprumuturi pentru dezvoltarea de astfel de proiecte, conform ofcialilor AREE. n general, fnanarea acordat de bncile din Romnia este extrem de supus riscurilor n ceea ce privete mediul juridic i construirea de parcuri eoliene i de conectare a acestora la reeaua de alimentare. n ceea ce privete implicarea limitat a bncilor n fnanarea proiectelor n domeniul energiei eoliene, un rol important este jucat aici de ctre instituiile fnanciare internaionale i programele UE. According to the UniCredit Sustainability Report, in 2011 the institution fnanced EUR 394.8 million in projects related to environmental protection and sustainability. In 2012, UniCredit granted more than EUR 1.5 billion for the fnancing of wind and solar projects, thus increasing the amount invested last year by 52%, according to Bloomberg. In April 2011, the Romanian Commercial Bank (BCR), the largest bank in Romania, concluded a fnancing agreement amounting to EUR 23 million with Martifer, an industrial multinational group, for the development of a 42 MW wind farm in the south-east of Romania (Tulcea). BCR granted a loan of EUR 17 million to Espe Energy Ltd to build a micro-hydropower plant on the river Sapanta in Maramures County. The Sapanta micro- hydropower plant will supply energy for more than 10,000 families, based on four turbines with an installed capacity of 9.88 MW. The micro-hydropower plant requires an investment of over EUR 23 million, which will be funded jointly by the company and the BCR loan. In 2012, Enel Green Power International, which is part of the Italian group Enel, signed an agreement with the Export Credit Agency (EKF) of the Danish government and Citigroup for the EUR 180-million fnancing required for the development of wind farms in Romania (Zephyr I, 120 MW), USA (Caney River, 200 MW) and Brazil (Cristal, 90 MW). Citigroup was appointed the agent and arranger of the fnancing, which is for a period of 12 years. The fnancing will also be used to cover part of the investments necessary to build and expand the wind power plants of Moldova Noua and Corugea in order to obtain a total installed capacity of 118 MW, according to Mediafax. The institutional role of the EKF implies support for the Danish manufacturers of components supplied to Enel Green Power for construction of the three wind farms. Other banks such as Alpha Bank, ING and Banca Romneasc have expressed an interest in providing fnance for wind energy projects and some of these institutions are negotiating loans for the development of such projects, according to RWEA offcials. In general, the fnancing provided by banks in Romania is highly subject to the perceived risks in respect of the legal environment and the construction of wind farms and their connection to the power grid. In terms of the banks limited involvement in the fnancing of wind energy projects, an important role is played here by the international fnancial institutions and EU programmes. Surse de fnanare a investiiilor n energia regenerabil / Sources of fnancing for renewable energy investment 58 1 3 2 4 5 Fiind cea mai mare banc din Romnia, BCR este interesat n mod direct de fnanarea dezvoltrii economiei locale, inclusiv de sectorul energiei regenerabile, ca find unul dintre sectoarele cele mai active n sensul noilor investiii. BCR i-a demonstrat astfel interesul, devenind un juctor activ pe aceast pia, reuind s realizeze un portofoliu de proiecte aprobate n domeniul energiei eoliene cu o capacitate de aproximativ 100 MW, n cea mai mare parte find vorba despre proiecte eoliene i microhidrocentrale. Factorii inceri de natur juridic care pn de curnd au vizat schema de sprijin au reprezentat obstacole suplimentare n furnizarea de fnanare pentru proiecte de energie regenerabil. Acestea find spuse, n urma aprobrii de ctre Comisia European la 13 iulie 2011 a Schemei de Sprijin prin Certifcate Verzi pentru Energia Regenerabil, i avnd n vedere Ordonana de Urgen a Guvernului 88/2011 aprobat de curnd de ctre Parlamentul Romniei, cadrul legislativ ofer acum o mai mare claritate. Cu toate acestea, aceast schem de sprijin trebuie s fe, de asemenea, analizat n contextul schimbrilor din cadrul pieei energiei electrice pe care noua lege a energiei i a gazelor naturale le-ar putea genera. BCR este interesat n mod particular de fnanarea proiectelor de energie regenerabil care ndeplinesc criteriile de bancabilitate stabilite. Cele mai importante criterii luate n considerare la evaluarea caracterului bancabil al proiectelor de energie regenerabil sunt: experiena investitorului/ management-ului, deinerea tuturor autorizaiilor necesare (proiectul trebuie s fe curatdin punct de vedere legal); realizarea due dilligence-urilor tehnice de ctre un consultant independent la un nivel satisfctor pentru banc; vnzarea energiei i a certifcatelor verzi pe baza unui acord pe termen lung de cumprare de energie ct i un angajament clar din partea investitorilor, sub forma unei alocri sufciente a capitalului propriu. n ceea ce privete cerina minim de capital propriu, aceasta depinde de previziunile fnanciare corespunztoare i trebuie verifcate de la caz la caz. Ca valoare de referin, BCR indic un prag minim de aproximativ 30% din costurile proiectului. Schema certifcatelor verzi din Romnia care se bazeaz pe un mecanism de pia, este deja n vigoare, iar acest lucru nseamn c preul pentru certifcatele verzi ct i preul pieei pentru fecare MWh variaz n funcie de nivelul cererii i al ofertei. Prin urmare, exist un grad ridicat de incertitudine n ceea ce privete calcularea fuxului de numerar preconizat n comparaie cu alte ri unde este n vigoare mecanismul preurilor fxe. Avnd n vedere acest aspect, condiiile de acordare a creditelor sunt n general mai stricte n Romnia n comparaie cu alte ri. As the largest bank in Romania, BCR is interested in fnancing the development of the local economy, including the renewable energy sector, as one of the most active sectors in terms of new investment. BCR has demonstrated this interest by becoming an active player in this sector, resulting in a portfolio of approved renewable projects of around 100 MW capacity, mostly in wind and micro-hydro projects. The legal uncertainties that until recently surrounded the incentive scheme have posed additional hurdles to the provision of fnancing for renewable energy projects. That said, following the approval by the EU Commission on 13th July 2011 of the Romanian Green Certifcates Renewable Energy Support Scheme, and given the very recent approval by the Romanian Parliament of Emergency Government Ordinance 88/2011, the legislative framework now provides more clarity. However, the renewable energy incentive scheme must also be analysed in the context of the changes to the general energy market the new energy and gas law might introduce. BCR is particularly interested in fnancing renewable energy projects that meet established bankability criteria. The main criteria taken into account when assessing the bankability of renewable energy projects include: the experience of the investor/management; possession of all the required permits (the project should be legally clean); completion of technical due diligence by an independent consultant at a level of satisfactory to the bank; the sale of energy and green certifcates based on a long-term power purchase agreement; and a clear commitment from the investors in the form of a suffcient allocation of equity. As to what constitutes the minimum equity requirement, this depends on the corresponding fnancial forecasts and must be verifed on a case by case basis. As a benchmark, BCR indicates a minimum threshold of around 30% of the project costs. The green certifcate scheme in Romania, which is a market based mechanism, is already in place, and this means the price for both Green Certifcates and the market price for each MWh varies depending on the level of demand and supply. Consequently, there is a higher degree of uncertainty regarding the calculation of expected cash fow in comparison with other countries, where fxed price mechanisms are in place. Based on this fact alone, the conditions for granting loans are generally tighter in Romania when compared with other countries. Executive Director Project Finance, Banca Comercial Romn I N T E R V I E W Surse de fnanare a investiiilor n energia regenerabil / Sources of fnancing for renewable energy investment 59 1 3 2 4 5 Noile condiii de pia au schimbat modul de operare al bncilor i nevoile clienilor. n calitate de lider european pe acest segment, UniCredit nelege pe deplin aceste noi provocri i subliniaz c pentru bnci este deosebit de important s devin consultani de ncredere pentru clienii lor i nu doar simpli furnizori de produse bancare. Astzi, analiza de fnanare extern implic de asemenea o nevoie important de a mprti opinii privind fezabilitatea proiectelor n scopul de a evalua n mod corespunztor domeniul de aplicare al deciziei de investiie. Pn acum, cea mai mare parte a fnanrilor din domeniul energiei regenerabile s-a bazat pe posibilitile sponsorului: de exemplu, proiectele eoliene iniiate de CEZ i EDP n acest caz UniCredit a acionat n calitate de creditor. Alte cteva proiecte au reuit de asemenea s atrag fnanare printr-o atent gestionare a riscului (un numr mare de parcuri operaionale i n curs de dezvoltare au fost fnanate de ctre UniCredit Leasing). Pe viitor, UniCredit preconizeaz o cretere substanial a fnanrilor din acest sector, bazat n principal pe dezvoltarea acestei piee i o clarifcare a cadrului juridic. Grupul UniCredit este unul dintre susintorii principali ai acestei tendine. Instituiile fnanciare se concentreaz n special pe stabilitatea i claritatea cadrului juridic, ntruct schema de sprijin este stimulat de ctre stat. Multe mbuntiri s-au nregistrat anul trecut (spre exemplu, aprobarea de ctre Comisia Europeana cu privire la cadrul general i la acordarea mai multor certifcate ncepnd cu noiembrie 2011); cu toate acestea, cadrul legal nu este uor de interpretat. La sfritul lunii iunie, Parlamentul Romniei a modifcat din nou legislaia primar i a votat noua lege a energiei. Cu toate acestea, legislaia secundar este necesar pentru a clarifca problemele legate de supracompensare, de posibilitatea de a diminua numrul certifcatelor pentru anumite tehnologii, infuena fondurilor UE ca surs de fnanare versus un numr redus de certifcate, funcionarea fondului de garantare nou reglementat i posibilitatea de a negocia liber acordurile de cumprare de energie cu clienii eligibili. Acestea sunt aspecte de real interes n orice decizie de fnanare. The new market environment has changed the way of doing banking and the customers needs. As a leading European bank, UniCredit fully understands these new challenges and underlines that is very important for banks to position themselves as trusted advisers to their clients, not solely providers of fnancial products. Today, the analysis for external fnancing also implies an important necessity to share and sample views on the feasibility of projects in order to properly evaluate the scope of the investment decision. Until now, most fnancing in the local renewable energy sector has been fundamented on the sponsor capabilities: e.g. the wind projects by CEZ and EDP (in the latter case UniCredit also acted as a lender). Several other projects also managed to attract fnancing through careful risk management (several operational and under development parks were fnanced by UniCredit Leasing). In the future UniCredit foresees a substantial increase in the amount fnancing in this sector, mainly based on the development of the market and a clarifcation of the legal framework. UniCredit Group is one of the leading supporters of this trend. One of the main focuses of fnancial institutions is the stability and clarity of the legal framework, as the support scheme is state-incentivised. Many positive developments were seen last year (e.g. EU Commission approval on the general framework and the granting of multiple certifcates as of Nov 2011); however, the legal framework is not easy to interpret. At the end of June, the Romanian Parliament again amended the primary legislation and voted in the new energy law. However, secondary legislation is needed to clarify over-compensation issues, the potential to decrease the number of certifcates for certain technologies, the infuence of EU Funds as a source of fnancing versus a decreased number of certifcates, functioning of the newly regulated guarantee fund and the ability to negotiate freely power purchase agreements with eligible clients. These are issues of real interest to any fnancing decision. Head of Structured Finance, UniCredit iriac Bank I N T E R V I E W Surse de fnanare a investiiilor n energia regenerabil / Sources of fnancing for renewable energy investment 60 1 3 2 4 5 Avnd avantajul experienei grupului, UniCredit a nceput s dezvolte legturi cu consilieri tehnici strini reputai pentru a putea s-i contacteze imediat ce un proiect rentabil a fost identifcat, care s-au artat interesai n a lucra pe piaa local, mai ales de cnd Romnia a devenit o pia int pentru implementarea de expertiz acumulat n rile dezvoltate unde programele de sprijin au fost semnifcativ accesate n ultimii ani. Referitor la punctele mai sus menionate, UniCredit poate spune c pe baza experienei din alte ri din ECE- furnizorii din industria de servicii (de ex, consilieri tehnici i de mediu, societi de inginerie) s-au dezvoltat n paralel cu dezvoltarea general a industriei. De la nceput, sistemul certifcatelor verzi necesit o analiz mai atent a investiiilor (att pentru sponsori ct i pentru bnci) dect sistemul de preuri fxe. Programul aplicat n Romnia find pe deplin expus riscurilor de pia n termeni de volum i pre, este mai puin favorabil dect n alte ri cu acelai tip de stimulente: n Polonia, spre exemplu, furnizorii de ultim instan sunt obligai s achiziioneze toat cantitatea de energie electric oferit care este generat din surse regenerabile de energie. Ca o concluzie pozitiv, este clar c paii fcui att de autoriti ct i de industria acestui sector ajut lucrurile spre a se concretiza ntr-un obiectiv comun: dezvoltarea surselor alternative de energie i punerea n funciune a investiiilor semnifcative n acest domeniu. Benefciind de condiii relativ favorabile i de un program de sprijin apreciat de ctre investitori, Romnia are anse puternice de a deveni urmtorul centru de putere din Europa de est n industria energiei regenerabile. UniCredit Tiriac Bank face parte din grupul UniCredit, primul pe piaa ECE n domeniul bancar, deinnd cea mai mare reea n toate rile din regiune, cu peste 3.900 de sucursale. n Romnia, UniCredit Tiriac Bank este una din principalele instituii fnanciare, o banc comercial cu adevrat universal, oferind produse i servicii de calitate pentru toate segmentele de clieni de pe pia. With the beneft of its group expertise, UniCredit has begun developing connections with reputable foreign technical advisors in order to be able to be able to approach them quickly once local bankable project have been found. All have displayed an interest in working on the local market, as Romania has become a target market for the deployment of the expertise accumulated in developed markets where the support schemes have contracted signifcantly in recent years. In reference to the other points raised above, UniCredit is able to say that based on their experience of other CEE countries the industry service providers (i.e. technical and environmental advisors, engineering companies) have developed in parallel with the general development of the industry. From the outset, the green-certifcates scheme necessitates a more careful analysis of the investment (for both sponsors and banks) than the feed-in tariffs. The scheme applied in Romania, being fully exposed to market risks both in terms of volume and price, is also less favourable than in other few countries with the same type of incentives: in Poland, for example, suppliers of last resort are obliged to purchase all the electricity offered to them that is generated from renewable energy sources. As a positive conclusion, it is clear that the steps already taken by both the authorities and the industry are helping things move towards a common objective: the development of alternative sources of energy and the commissioning of signifcant investments in this sector. Benefting from relatively favourable climatic conditions and a support scheme appreciated by investors, Romania has strong chances to become the next Eastern Europe renewable energy powerhouse. UniCredit Tiriac Bank is part of UniCredit, easily the number one group on the CEE banking market, which operates by far the leading network throughout the countries of the region, with over 3,900 branches. In Romania, UniCredit Tiriac Bank is one of the main fnancial institutions, a truly universal commercial bank, providing high quality products and services for all the customer segments in the market. I N T E R V I E W Constrngeri poteniale i perspective Constrngeri poteniale i perspective / Business limitations and prospects 62 1 3 2 4 5 1. Organizare societar n cazul n care se are n vedere achiziia/vnzarea unui proiect pe calea vnzrii de aciuni, istoricul societii de proiect devine relevant. O societate cu un istoric bogat de la nfinare presupune i anumite riscuri societare i fscale. Mai mult, este destul de comun ca dezvoltatorii s foloseasc o singur societate proiect pentru dezvoltarea mai multor parcuri. n cazul n care se dorete achiziia unui singur parc, societatea deintoare va trebui divizat. Procesul de divizare are implicaii importante asupra avizelor obinute, precum i implicaii i limitri de drept administrativ care trebuie analizate n fecare caz n parte. 2. Capacitatea reelei i conectarea Numeroase parcuri eoliene au fost deja dezvoltate, iar altele au fost anunate, mai ales n zone cu potenial eolian, precum Dobrogea, n sud-estul Romniei. Acest fapt a condus la o saturaie a capacitii reelei, care ar putea s nu mai suporte alte capaciti instalate, dac operatorii de reea nu vor efectua mbuntiri substaniale i lucrri de ntrire. Pe lng capacitatea reelei, racordarea la reea n sine constituie o alt problem delicat. Racordarea se obine numai dup emiterea avizului tehnic de racordare (ATR), ncheierea contractului i plata tarifului de conectare ntr-un interval de timp stabilit de la emiterea ATR-ului. ncadrarea n timp este crucial. Anumii pai (de exemplu obinerea autorizaiei de construire) trebuie s fe anteriori semnrii contractului de racordare. Tariful de racordare, care este n general destul de mare, impune ca fnanarea s fe deja asigurat. Condiiile tehnice necesare pentru conectarea unui productor la reeaua public sunt deseori denumite Coduri de Reea. Pot exista i condiii tehnice adiionale ce nu sunt incluse n codurile de reea, dar care se aplic proiectului n urma contractului de racordare, contractului de furnizare a energiei sau ntr-o alt modalitate. Scopul acestor condiii este de a defni caracteristicile tehnice i obligaiile productorilor, precum i pe cele ale operatorului de sistem, adic: Operatorii sistemului energetic pot avea ncredere c sistemul lor va f unul sigur independent de proiectele de generare a energiei i de tehnologiile aplicate; Minimizeaz timpul afectat negocierii tehnice specifce proiectului i planului; 1. Corporate In case it is contemplated to acquire/sell a project by way of a share deal, the history of the company that owns the project is relevant. A company with a rather long history since incorporation carries certain corporate and fscal risks. Moreover, it is common for developers to use one single corporate vehicle for the development of several different projects. If only one of these projects would make the object of a prospective transaction, it would need to be spun-off from the corporate vehicle. This spun-off process commonly triggers regulatory issues and other administrative law constraints that would need to be assessed on a case by case basis. 2. Grid capacity and connection Numerous wind farms have already been developed and others have been announced, especially in areas with high wind potential, such as Dobrogea, in south east Romania. This has led to a certain saturation of the grid, which might not be able to cope with any further installed capacity unless substantial improvements are made by the network operators. In addition to grid capacity, grid connection itself is also a highly sensitive issue. A connection is not obtained unless, after the technical connection permit (ATR) is issued, a connection agreement is concluded and the connection fee paid within a given timeframe from the date of issuance of the ATR. Timing is crucial. Certain steps (e.g. obtaining the building permit) should be completed prior to the signing of the connection agreement. The payment of the connection fee, which is generally substantial, means that the fnancing must already be secured. The technical requirements for connecting a generator to the public grid are often termed Grid Codes. There may also be additional technical requirements not referred to in the Grid Code, but which apply to the project through the connection agreement, the power purchase agreement or in some other way. The purpose of these technical requirements is to defne the technical characteristics and obligations of generators and the system operator, meaning that: Electricity system operators can be confdent that their system will be safe irrespective of the generation projects and technologies applied; The amount of project-specifc technical negotiation and design is minimised; Constrngeri poteniale i perspective / Business limitations and prospects 63 1 3 2 4 5 Productorii de echipament i pot crea echipamentul n condiii bine defnite anterior i crora nu li se vor aduce modifcri fr avertisment sau consultare; Dezvoltatorii de proiecte au o gam mai larg de furnizori de echipamente din care s aleag; Proiectele echivalente sunt abordate obiectiv; Tehnologiile diferite de producere sunt abordate n mod egal. n trecut, cu companiile de utiliti integrate vertical, aceeai organizaie rspundea de planifcarea i operarea reelelor i a productorilor, ceea ce nsemna c nu era nevoie ca cerinele tehnice s fe clar defnite sau obiective. n prezent, pentru a evita distorsiunea c concurenei i pentru a corespunde unei piee energetice liberalizate n Europa, exist o direcie spre separarea legal a productorilor i operatorilor de sistem. n consecin, condiiile tehnice ce stau la baza legturii dintre productori i operatorii de sisteme trebuie s fe mai clar defnite. Introducerea produciei regenerabile a complicat de multe ori n mod semnifcativ acest proces, deoarece aceti productori au anumite caracteristici fzice diferite de capacitile de producere sincron conectate direct, utilizate n cadrul centralelor energetice convenionale. n unele ri, aceast problem a cauzat ntrzieri majore n dezvoltarea unor cerine obiective ale Codului de Reea pentru producerea energiei eoliene. n Romnia, un cod de reea a fost redactat de operatorul de transport i de sistem, Transelectrica, i autorizat de ANRE n 2004, scopul find de a defni cerinele ntr-un mod care este ct se poate de independent de tehnologia centralelor energetice. Exist benefcii n a avea cerine care sunt ct se poate de generale i n a trata toate proiectele n mod egal. Totui, ar putea rezulta c proiectele mici s aib aceleai cerine ca cele mari, lucru care nu ar f justifcabil din punct de vedere tehnic. Cerinele sunt de obicei stabilite de operatorul de sistem i deseori supervizate de instituia de reglementare n domeniul energiei sau de guvern. Procesul de a modifca cerinele ar trebui s fe transparent i s includ consultarea productorilor, utilizatorilor de sistem, furnizorilor de echipamente i a altor pri afectate. Equipment manufacturers can design their equipment in the knowledge that the requirements are clearly defned and will not change without warning or consultation; Project developers have a wider range of equipment suppliers to choose from; Equivalent projects are treated fairly; Different generator technologies are treated equally.
In the past, with vertically-integrated utilities, the same organisation was responsible for the planning and operation of networks and generators, which meant the technical requirements did not need to be particularly clearly defned or fair. Today, in order to avoid distortions of competition and to comply with a liberalised energy market in Europe, there is a trend towards the legal separation of generators and system owners/operators. As a result, the technical requirements governing the relationship between generators and system operators need to be more clearly defned. The introduction of renewable generation has often complicated this process signifcantly, as these generators have physical characteristics that are different from the directly connected synchronous generators used in large conventional power plants. In some countries, this problem has caused signifcant delays in the development of fair grid code requirements for wind generation. In Romania, a grid code has been produced by the national system operator, Transelectrica, and authorised by ANRE in 2004, the aim being to defne the requirements in a way that is as independent as possible from the power plant technology. There are benefts to having requirements that are as general as possible and treat all projects equally. However, this can result in small projects facing the same requirements as the largest projects, which may not be technically justifable. Requirements are usually established by the system operator and often overseen by the energy regulatory body or government. The process to modify requirements should be transparent and include consultation with generators, system users, equipment suppliers and other affected parties. Constrngeri poteniale i perspective / Business limitations and prospects 64 1 3 2 4 5 3. Modifcri ale specifcaiilor tehnice O alt problem apare n momentul n care investitorii preiau proiecte deja n curs de dezvoltare i doresc s implementeze anumite amendamente tehnice proiectului. Orice amendament al diverselor specifcaii tehnice din cadrul unui proiect poate genera nevoia unui nou aviz sau a unuia modifcat, deoarece fecare aviz emis pentru nfinarea unei uniti de energie regenerabil ine cont de specifcaiile tehnice ale proiectului n ansamblu, ct i de prile sale componente, de exemplu turbine/panouri, cabluri, staie de transformare. De exemplu, schimbarea amplasamentului componentelor centralei electrice infueneaz direct mai multe avize, cum ar f avizele privind scoaterea din circuitul agricol, deoarece numai anumite poriuni afectate de construcii ar trebui scoase din circuitul agricol. Pentru cazul specifc al parcurilor eoliene, i avizul emis de Autoritatea Aeronautic Civil va f afectat, ntruct ine cont de coordonatele geografce exacte ale fecrei turbine. Acest aviz este de asemenea infuenat de schimbarea nlimii turbinei, care poate rezulta din alegerea unui tip diferit de turbin. 4. Protecia mediului Obligaia de a obine o decizie favorabil de mediu reprezint una din cele mai difcile faze ale proiectului de execuie. Orice plan sau proiect care poate avea un impact semnifcativ asupra unui amplasament (fe el localizat n limita amplasamentului sau nu), fe individual sau n combinaie cu alte planuri sau proiecte, va f subiectul unei evaluri corespunztoare a implicaiilor n vederea conservrii obiectivelor amplasamentului. Autoritile avizate vor f de acord cu un plan sau un proiect dac integritatea amplasamentului este garantat. Natura 2000 este o reea european de zone naturale protejate, care sunt habitate naturale de plante i de specii de animale rare i pe cale de dispariie. Scopul reelei este de a proteja biodiversitatea continentului european. Includerea unui sit printre regiunile protejate Natura 2000 nseamn recunoaterea sa ca find de interes european. n ultimii 25 de ani, UE a construit o vast reea de 26.000 de zone protejate n toate statele membre, precum i o suprafa de mai mult de 750.000 km, care reprezint 18% din suprafaa UE. Natura 2000 este cea mai mare reea de arii protejate n lume i o dovad a importanei pe care cetenii UE o acord biodiversitii. 3. Amendments to technical specifcations Another issue arises when investors acquire projects already under development and wish to implement certain technical amendments to the project. Any amendment to various technical specifcations of a project can trigger the need for a new permit or an amended one, as every permit issued for the establishment of a renewable energy unit takes into consideration the technical specifcations of the project as a whole, as well as its components, e.g., turbines/ panels, cabling, transformer station, etc. For example, changing the projects layout directly infuences several permits, such as permits pertaining to the change of land designation, as only plots of land affected by construction works should be re-designated. For the specifc case of wind parks, the permit issued by the Romanian Civil Aeronautical Authority is affected, as it relates to the exact geographical location of each turbine. The latter permit is also affected by a change of turbine height, which may result from the choice of a different type of turbine. 4. Environmental protection The obligation to obtain a favourable environmental decision constitutes one of the most diffcult phases of project execution. Any plan or project likely to have a signifcant effect on a site (whether located within the site boundary or not), either individually or in combination with other plans or projects, shall be subject to appropriate assessment of its implications for the site in view of the sites conservation objectives. The competent authorities will agree to the plan or project if the integrity of the site is guaranteed. Natura 2000 is a European network of protected natural areas that are the natural habitats of rare and endangered plant and animal species. The purpose of the network is to protect the biodiversity of the European continent. Inclusion of a site among the Natura 2000 protected regions means its recognition as being of European interest. Over the last 25 years the EU has built up a vast network of 26,000 protected areas in all the Member States and an area of more than 750,000 km, which is 18% of the EUs land area. Natura 2000 is the largest network of protected areas in the world and a testament to the importance EU citizens attach to biodiversity. Constrngeri poteniale i perspective / Business limitations and prospects 65 1 3 2 4 5 Temeiul juridic pentru Natura 2000 vine din Directiva Psri i Directiva Habitate, care formeaz coloana vertebral a politicii interne UE privind biodiversitatea i care au fost transpuse n legislaia local, prin Ordonana de Guvern nr. 57/2007. n conformitate cu Directiva Psri, statele membre selecteaz siturile cele mai potrivite i le desemneaz direct, ca arii de protecie special (SPAs). Aceste situri devin apoi automat parte din reeaua Natura 2000. Uniunea European are nou regiuni biogeografce, fecare cu propria sa combinaie caracteristic de vegetaie, clim i geologie. n conformitate cu Directiva Habitate, siturile Natura 2000 sunt selectate pe baza listelor naionale, propuse de ctre statele membre. Pentru fecare regiune biogeografc Comisia adopt o list a siturilor de importan comunitar (SCI), care devin apoi parte din reea. n cele din urm, SCI sunt desemnate la nivel naional, ca arii speciale de conservare (SAC). Regiuni biogeografce relevante pentru Romnia sunt: Regiunea biogeografc alpin: n ianuarie 2012 n Jurnalul Ofcial al Uniunii Europene s-a publicat o list actualizat a SCI pentru aceast regiune Regiunea biogeografc a Mrii Negre: o list a SCI pentru regiunea biogeografc a Mrii Negre, inclusiv Delta Dunarii, Eforie Nord, Vama Veche i alte zone marine a fost adoptat n decembrie 2008 Regiunea biogeografc continental: o list actualizat a SCI pentru aceast regiune, publicat n ianuarie 2012 include un numr mare de dealuri, pduri i zone de ap n Romnia Regiunea biogeografc stepic: lista acestor situri, adoptat n decembrie 2008, include podiul Dobrogei de Nord, rul Prut, zone din Delta Dunarii, pduri, cmpii i alte situri din Sud-Estul Romniei. Iniiativa Natura 2000 ntreprins de ctre statele membre UE formeaz o reea la nivel european, care lupt pentru studiul i conservarea biodiversitii i a ecosistemelor mpotriva abuzului i a polurii. Activitile duntoare care ar putea s deranjeze considerabil speciile i/sau habitatele din zonele respective trebuie evitate n toate amplasamentele Natura 2000. Acolo unde este cazul, sunt luate msuri pozitive necesare pentru meninerea i restaurarea acestor habitate i specii la un statut de conservare favorabil n limita lor natural. Existena i expansiunea constant a suprafeelor acoperite de programul Natura 2000 constituie un obstacol serios n amplasarea parcurilor eoliene. Dup datele furnizate de Natura 2000, Ariile de Protecie Special Avifaunistic (SPA) acoper deja 11,89% din solul rii din care 13,21% aparine categoriei Poteniale Situri de Importan Comunitar (pSCI). The legal basis for Natura 2000 comes from the Birds Directive and the Habitats Directive, which form the backbone of the EU's internal biodiversity policy and have been transposed into the local legislation through Government Ordinance no 57/2007. Under the Birds Directive, Member States select the most suitable sites and designate them directly as Special Protection Areas (SPAs). These sites then automatically become part of the Natura 2000 network. The European Union has nine biogeographical regions, each with its own characteristic blend of vegetation, climate and geology. Under the Habitats Directive, Natura 2000 sites are selected on the basis of national lists proposed by the Member States. For each biogeographical region the Commission adopts a list of Sites of Community Importance (SCI) which then become part of the network. Finally, the SCI are designated at the national level as Special Areas of Conservation (SAC). Biogeographical regions relevant to Romania are: Alpine biogeographical region: in January 2012 the Offcial Journal of the European Union published an updated list of SCI for this region Black Sea biogeographical region: a list of SCI for the Black Sea biogeographical region including the Danube Delta, Eforie Nord, Vama Veche and other marine areas was adopted in December 2008 Continental biogeographical region: an updated list of SCI for this region, published in January 2012 includes a large number of hills, forest and water areas in Romania Steppic biogeographical region: the list of these sites, adopted in December 2008, includes the North Dobrogea plateau, the Prut river, areas in the Danube Delta, forests, planes and other sites in South East Romania. The Natura 2000 initiative undertaken by the EU member states forms a Europe-wide network that strives to study and preserve biodiversity and ecosystems against abuse and pollution. Damaging activities that could signifcantly disturb the species and/or habitats for which the site has been designated must be avoided on all Natura 2000 sites. Where necessary positive measures are taken to maintain and restore these habitats and species to a favourable conservation status within their natural range. The existence and consistent expansion of the areas covered by the Natura 2000 programme constitutes a serious obstacle to the establishment of wind farms. According to the Natura 2000 data, the Special Protection Area (SPA) covers as much as 11.89% of the countrys landmass and 13.21% falls under Potential Areas of Signifcance for the Community (pSCI). Constrngeri poteniale i perspective / Business limitations and prospects 66 1 3 2 4 5 Romnia are n acest moment 108 de Arii de Protecie Special i 273 de Poteniale Situri de Importan Comunitar. Suprafaa total a siturilor Natura 2000 (att SPA ct i pSCI) reprezint 17,84% din suprafaa rii, multe din aceste situri se suprapun cu zone naionale protejate din Romnia (parcuri naionale, parcuri naturale, rezervaii). Lucrri de construcii i infrastructur, care afecteaz habitatele sau speciile pentru care o zon a fost declarat sit Natura 2000 nu sunt permise, cu excepia lucrrilor care sunt importante pentru sigurana oamenilor i securitatea naional. Conform legislaiei locale, activitile din cadrul siturilor Natura 2000 sunt supuse procedurilor de evaluare a impactului de mediu, n cazul n care aceste activiti afecteaz habitatele i/ sau speciile protejate prin Natura 2000. Dobrogea, una dintre zonele cu cele mai puternice vnturi din ar, face parte din principala rut de migraie a psrilor i gzduiete Rezervaia Biosferei Delta Dunrii, recunoscut n cadrul programelor UNESCO. Mai mult de 80% din suprafaa judeului Tulcea este inclus n siturile protejate Natura 2000. Investitorii care i-au nceput investiia n zone destinate s fe declarate ca zone protejate n viitor vor ntlni obstacole legale sau, n cazuri extreme, vor f lipsii de posibilitatea dezvoltrii investiiei. De aceea au existat cereri ca lista fnal de arii Natura 2000 s fe adoptat ct mai repede cu putin. Comisia European a stabilit ca termen limit data de 1 octombrie 2011 pentru suplimentarea ariilor acoperite de program. ase din cele nou regiuni biogeografce - Alpin, Atlantic, Boreal, Continental, Mediteranean i Panonian au fost actualizate n noiembrie 2011. Aceast actualizare a listelor Natura 2000 se refer la aisprezece state membre: Austria, Belgia, Cipru, Frana, Germania, Grecia, Ungaria, Irlanda, Italia, Lituania, Luxemburg, Olanda, Polonia, Spania, Suedia i Regatul Unit al Marii Britanii. Numrul de "Situri de importan comunitar", a crescut cu 166, reeaua de SCI-uri extinzndu-se cu aproape 18.800 km. Aceast actualizare adaug o zon semnifcativ a habitatelor marine ale UE reelei Natura 2000, n principal n regiunea biogeografc atlantic (Regatul Unit al Marii Britanii, Frana i Belgia), dar, de asemenea, n Marea Mediteran (Grecia i Cipru). Partea terestr a reelei Natura 2000 a fost n principal mrit n Lituania, Ungaria, Cipru i Italia. Romania currently has 108 Special Protection Areas and 273 Potential Areas of Signifcance for the Community. The total area of Natura 2000 sites (both SPA and pSCI) currently represents 17.84% of the countrys landmass, many of these sites overlapping with national protected areas in Romania (national parks, natural parks, reserves). Construction and infrastructure works that affect the habitats or species for which an area has been declared a Natura 2000 site are not allowed, except for works that are important to peoples safety and national security. According to local legislation, activities within Natura 2000 sites are subject to environmental impact assessment procedures, if such activities affect the habitats and/or species protected by Natura 2000. Dobrogea, one of the countrys windiest areas, is part of the main migration route for birds and the host of the Danube Delta Biosphere Reserve, recognised under UNESCOs programmes. More than 80% of Tulcea county is included in Natura 2000 protected sites. Investors who began their investment in areas destined to be covered by the programme in the future may face formal and legal obstacles or, in extreme cases, be deprived of the possibility to develop their investment. There have therefore been demands that the fnal valid list of Natura 2000 areas be adopted as soon as possible. The European Commission set 1 October 2011 as the deadline for supplementation of the areas covered by the programme. Six out of nine biogeographical regions the Alpine, Atlantic, Boreal, Continental, Mediterranean and Pannonian regions were updated in November 2011. This update of the Natura 2000 lists affects sixteen Member States: Austria, Belgium, Cyprus, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxemburg, the Netherlands, Poland, Spain, Sweden and the UK. The number of "Sites of Community Importance" has increased by 166, expanding the SCI network by nearly 18,800 km. This round of updating adds a signifcant area of the EUs marine habitats to the Natura 2000 network, primarily in the Atlantic biogeographic region (the UK, France and Belgium), but also in the Mediterranean (Greece and Cyprus). The terrestrial part of the Natura 2000 network has primarily been increased in Lithuania, Hungary, Cyprus and Italy. Constrngeri poteniale i perspective / Business limitations and prospects 67 1 3 2 4 5 5. Social protests The level of activity of organisations opposing the construction of wind farms in the proximity of residential or protected areas increases every year. Wind farm opponents stage protests at which they demonstrate their opposition to the destruction of the natural environment and the building of power facilities too close to residential buildings. The key arguments against wind farms include: vibroacoustic disease, the risk of a turbine propeller falling off, icicles falling from propellers during winter, bird slaughter, a decrease in property values following announcement of a plan to build a wind farm and landscape deformation. These protests take place in a number of countries where wind energy is being developed, and Romania is no different in this respect. This phenomenon is currently very dynamic and explicitly harmful to the development of the industry. Spreading a negative image of wind investment, whether based on verifable arguments or not, increasingly places pressure on the state administration in terms of both national legislation and the procedural methods applied in administrative proceedings by local governments, something that will only increase in future. The occurrence of social resistance should therefore be seen, frstly, as an increasing trend and, secondly, as a phenomenon that could delay or even suspend the preparation and implementation of a wind power investment. Numerous protests have been initiated by environmental organisations against wind farms located within or in the proximity of Natura 2000 sites in Dobrogea. Certain NGOs and writers have suggested that a map of areas where construction of wind farms is not allowed be drawn up by the Ministry of Environment and Forests in order to clarify the situation from a legal perspective. In addition, other themes have recently been brought into public discussion in Romania, such as the following: The connection of new wind farms to the national power grid will most probably lead to an increase in electricity prices; The profts generated by wind farm projects are not reinvested in Romania but rather repatriated; The land relating to wind farms is permanently removed from agricultural use and plant cultivation and pastures may disappear in the respective areas; The number of new jobs created by wind farms is very small. 5. Proteste sociale Nivelul de activitate a organizaiilor care se opun construirii de parcuri eoliene n apropierea zonelor rezideniale sau protejate crete n fecare an. Oponenii parcurilor eoliene pun la cale proteste n care ii demonstreaz opoziia fa de distrugerea mediului natural i construirea instalaiilor energetice n proximitatea cldirilor rezideniale. Argumentele cheie mpotriva parcurilor eoliene includ: boli vibroacustice, riscul ca o elice a turbinei s cad, ururi care pot cdea de pe elice pe timpul iernii, omorrea psrilor, scderea valorilor proprietilor n urma anunului de a construi o ferm eolian i deformarea peisajului. Asemenea proteste au loc n multe ri n care energia eolian este n curs de dezvoltare, iar Romnia nu este diferit n aceast privin. Acest fenomen este n prezent foarte dinamic i foarte nociv pentru dezvoltarea industriei. Rspndirea unei imagini negative asupra investiiilor eoliene, fe bazate pe argumente verifcabile sau nu, pune din ce n ce mai mult presiune pe administraia de stat, n ceea ce privete att legislaia naional, precum i metodele procedurale aplicate n cadrul procedurilor administrative de ctre administraiile locale, lucru care se va intensifca n viitor. ntmpinarea rezistenei sociale, prin urmare, ar trebui s fe vzut, n primul rnd, ca o tendin n cretere i n al doilea rnd, ca un fenomen care ar putea ntrzia sau chiar suspenda pregtirea i punerea n aplicare a unei investiii n energia eolian. Au fost iniiate numeroase proteste de ctre organizaiile de mediu mpotriva parcurilor eoliene situate n cadrul sau n imediata apropiere a siturilor Natura 2000 n Dobrogea. Anumite ONG-uri i formatori de opinie au sugerat s fe ntocmit de ctre Ministerul Mediului i Pdurilor o hart a zonelor n care construcia de parcuri eoliene nu este permis, n scopul de a clarifca situaia din punct de vedere juridic. n plus, au fost recent aduse n discuie public n Romnia alte teme, cum ar f urmtoarele: Cele mai noi parcuri eoliene conectate la reeaua de alimentare vor determina cel mai probabil creterea preurilor la energie electric; Profturile generate din proiectele de ferme eoliene nu sunt reinvestite n Romnia, ci mai degrab repatriate; Terenul care aparine parcurilor eoliene este eliminat defnitiv din domeniul agricol i cultivarea plantelor i punatul pot s dispar n zonele respective; Numrul de noi locuri de munc create de parcurile eoliene este foarte mic. Constrngeri poteniale i perspective / Business limitations and prospects 68 1 3 2 4 5 6. Limitrile infrastructurii Operatorul de sistem i transport, Transelectrica, a calculat c sistemul energetic romnesc actual ar putea face fa fr nicio restricie la aproximativ 4.000 MW putere eolian instalat. n ciuda acestui fapt, operatorii de reea au ncheiat contracte pentru racordarea la reeaua electric de peste 12.000 MW i a emis avize tehnice de racordare pentru peste 8.000 MW. Se estimeaz c doar un numr mic din aceste proiecte va deveni vreodat operaional. Multe din aceste contracte i ATR-uri i vor pierde cu siguran valabilitatea, pentru c sunt eliberate numai pentru un an, la sfritul cruia sunt terse automat din lista furnizat de ctre OTS. Planul de mbuntire a reelei include lucrrile n curs privind inelul de 400kV n jurul rii i unul mai mic n jurul Bucuretiului (N.B. Exist imense difculti de ordin fnanciar i juridic n legtur cu acest plan). Cu toate acestea, lucrrile necesare pentru proiectele eoliene sunt mult mai complexe dect att. Acestea necesit construirea de staii noi i de linii electrice, n special n zona Dobrogei, pentru a putea distribui energia spre restul rii i a se ocupa de problemele de congestie i echilibrare. Avnd n vedere resursele foarte limitate fnanciare ale OTS, productorii trebuie s furnizeze cele mai multe dintre mbuntirile reelei achitnd 100% din costuri, chiar dac legea prevede mprirea costurilor cu OTS. Exist deja o staie de 400kV la Fntnele, construit de CEZ, i alte trei la Topolog, Deleni i Tariverde (toate sunt n Dobrogea). Aceste staii sunt vitale n ceea ce privete alimentarea cu energie n reea i vor f n cele din urm transferate n proprietatea OTS pentru exploatare. Centrala de gaz cu ciclu combinat de 800 MW construit de OMV Petrom n Brazi va putea furniza o important rezerv de energie n a doua parte a anului 2012; hidrocentralele planifcate de la Tarnia, de pe rul Olt, i n alte locaii, vor produce mpreun peste 1.000 MW, dar acestea sunt n stadii foarte timpurii i vor trece ani pn cnd vor deveni operaionale, oricum, nu mai devreme de 2019. n principiu, producerea energiei eoliene are prioritate, dar n practic aceast prioritate nu este clar defnit. 6. Infrastructural limitations The transport and system operator Transelectrica has calculated that the Romanian power system could cope without any restrictions with around 4,000 MW of installed wind power. Despite this, grid operators have concluded contracts for grid connections for over 12,000 MW and has issued technical connection permits (ATRs) for over 8,000 MW. It is estimated that only a small number of these projects will ever become operational. Many of these contracts and ATRs will naturally lose their validity, as they are only issued for one year, at the end of which period they are automatically erased from the list provided by the TSO. The plan to improve the grid includes the ongoing work on the 400 kV ring around the country and a smaller one around Bucharest. (N.b. There are huge fnancial and legal issues relating to this plan.) However, the works required for wind projects are far more complex than this. They require the building of new stations and electrical power lines, especially in the Dobrogea area, to evacuate the energy to the rest of the country and deal with congestion issues and back-up power. Given the very limited fnancial resources of the TSO, the producers must provide most of the improvements to the grid themselves by paying 100% of the costs. There is already one 400 kv station at Fntnele, built by CEZ, and another three existing or under construction at Topolog, Deleni and Tariverde (all of which are in Dobrogea). These stations are vital in terms of injecting energy into the grid and were already or will be transferred to the property of the TSO for exploitation. The 800 MW combined cycle gas-fred plant built by OMV Petrom in Brazi will be able to provide an important back- up supply in the second part of 2012; the plans for the pump storage hydropower plants in Tarnia, on the river Olt, as well as in other locations, will together produce over 1000 MW, but these are in their very early stages and it will be years before they become operational 2019 at the earliest. In principle wind generation takes priority, but in practice this priority is not clearly defned. Constrngeri poteniale i perspective / Business limitations and prospects 69 1 3 2 4 5 7. Length of procedure Currently, wind energy investors in Romania are required to obtain some 85 permits and authorisations in order to initiate and implement a project. This excessive bureaucracy, as well as the long response times of the local authorities, means it takes 2-3 years to pass from the initiation phase of a project to implementation. The typical stages in developing and implementing a wind energy investment in Romania are: Identifcation of the wind farm location; 1. Performance of the geotechnical study; 2. Performance of the pre-feasibility study; 3. Obtaining the required real estate rights; 4. Cadastral works and registration with the land register; 5. Execution of the expropriation procedure 6. (where applicable); Performance of the feasibility study 7. (recovery, return on investment, etc); Performance of the study on the electrical solution 8. (choice for the location of the grid connection, investment either stays in the ownership of the investor or becomes public property); Development of the wind farm drafting the 9. building plans; Obtaining the project permits and authorisations 10. Urban Planning Certifcate a. PUZ approved by the local council b. Building permit c. Environmental impact report required in order to d. obtain the permit from the local environmental authorities concerning the environmental considerations of the investment. This stage includes public consultations with respect to neighbouring areas if these are protected areas (biosphere reserves, national parks, Natura 2000 protected areas, etc.) Certifcate stating the turbines are not located in e. the areas that overlap with bird migration corridors;
Obtaining the civil aviation permit; 11. Obtaining the setting-up authorisation 12. Connection to the national system operator: 13. Study of the grid connections solutions a. Approval of location b. Technical connection permit c. Execution of grid connection agreement; d. Acquisition of equipment: 14. Performance of construction works a. Assembly; b. Concluding the agreement for the energy produced 15. and service agreement; Commissioning; 16. Obtaining the operation license issued by the ANRE; 17. 7. Durata procedurii n prezent, investitorii n energie eolian din Romnia sunt obligai s obin circa 85 avize i autorizaii, n scopul de a iniia i implementa un proiect. Aceast birocraie excesiv, precum i perioadele lungi de rspuns ale autoritailor locale, implic un interval de 2-3 ani pentru a trece de la faza de iniiere a unui proiect la implementare. Etapele tipice n dezvoltarea i implementarea investiiei n energia eolian sunt: Identifcarea locaiei parcului eolian; 1. Realizarea studiului geotehnic; 2. Realizarea studiului de pre-fezabilitate; 3. Obinerea drepturilor imobiliare necesare; 4. Lucrri cadastrale i nscrierea n cartea funciar ; 5. Executarea procedurii de expropriere 6. (acolo unde este cazul); Realizarea studiului de fezabilitate 7. (recuperare, randament al investiiilor, etc); Realizarea studiului cu privire la soluia tehnic de 8. racordare (alegere amplasament punct de racordare la reeaua electric, investiia fe rmne n proprietatea investitorului sau devine proprietate public); Proiectarea parcului eolian - elaborarea planurilor 9. de construcie; Obinerea avizelor de proiect i a autorizaiilor 10. Certifcat de urbanism a. PUZ aprobat de consiliul local b. Autorizaie de construire c. Raport de impact asupra mediului necesar pentru d. a obine acordul de mediu de la autoritile locale de mediu cu privire la consideraiile de mediu ale investiiei. Aceast etap include consultri publice n raport cu zonele nvecinate, dac acestea sunt arii protejate (rezervaii ale biosferei, parcuri naionale, zonele protejate Natura 2000, etc.) Certifcat care s ateste c turbinele nu sunt e. instalate n zone care se suprapun cu coridoare de migraie a psrilor; Obinerea avizului Autoritii Aeronautice Civile Romne; 11. Autorizaie de nfinare eliberat de ANRE 12. Conectarea la reeaua de interes public: 13. Studiul de soluie de racordare a. Avizul de amplasament b. Aviz tehnic de racordare c. ncheierea contractului de racordare d. Achiziia echipamentului: 14. Desfurarea lucrrilor de construcii a. Asamblare b. ncheierea contractului pentru energia produs i a 15. contractului de service; Punerea n funciune; 16. Licena de exploatare eliberat de ANRE; 17. Constrngeri poteniale i perspective / Business limitations and prospects 70 1 3 2 4 5 Stabilirea termenilor i semnarea acordului cu 18. compania care distribuie i furnizeaz energie electric; Obinerea garaniilor de origine pentru energia 19. electric generat din surse regenerabile de energie i obinerea certifcatelor verzi. 8. Impedimente n calea investiiilor Romnia, n contextul UE
Impedimente administrative n ceea ce privete impedimentele administrative, Romnia nu difer de celelalte state membre ale Uniunii Europene. Procesul, care ncepe cu decizia de a construi un parc eolian i se fnalizeaz cu punerea in funciune a parcului, este similar pe ntreg teritoriul Uniunii Europene i se bazeaz pe dou permise de baz care trebuie obinute. Primul este autorizaia de construire i al doilea se refer la conectarea parcului la reeaua electric. Exist diferene ntre ri n ceea ce privete documentele i analiza necesare pentru obinerea acestor autorizaii, precum i termenele n care autoritile sunt obligate s evalueze o cerere. Conform Asociaiei Europene pentru Energie Eolian, n ceea ce privete durata medie total ntre depunerea unei cereri pentru autorizaie de construire i conectarea la reea, Romnia pare s fe frunta cu un timp mediu de procesare n jurul valorii a 31,7 luni, n comparaie cu media UE de 54,8 luni. n consecin, Romnia este unul din liderii n acest domeniu, alturi de Belgia, Marea Britanie, Italia, Frana i Danemarca. rile clasate pe ultimele dou locuri sunt Spania i Portugalia, care depesc media UE cu 16 i respectiv 21 de luni. Un alt criteriu de comparaie este numrul de funcionari publici a cror implicare este necesar pentru a pune n aplicare o investiie. n medie, n cele 27 de state membre ale UE sunt implicai 18 funcionari, ceea ce indic faptul ca metoda un singur ghieu nu este extrem de popular n sectorul energiei regenerabile. Chiar i n rile cele mai prietenoase industriei energiei eoliene, precum Danemarca, Olanda i Spania, care ofer cele mai mici valori n acest sens, (respectiv 5, 6 i 10 funcionari), sunt nc departe de acest concept. n acest sens, Romnia se af ntr-o situaie mai bun decat media UE, cu un investitor avnd contact direct sau indirect cu o media de 13 funcionari. Establishing the terms and signing the agreement with 18. the company that distributes and supplies the electricity; Obtaining guarantees of origin for the electric energy 19. generated from renewable energy sources and obtaining green certifcates. 8. Obstacles to investments Romania in the context of the EU
Administrative obstacles As far as administrative barriers are concerned, Romania does not differ from other European Union Member States. The process, which begins with the decision to build a wind farm and ends with the commissioning of the farm, is similar throughout the entire European Union and is based on two main permits that must be obtained. The frst is the construction permit and the second concerns the farms connection to the power grid. There are differences between individual countries in terms of the documents and analysis required to obtain these permits and the deadlines by which the authorities are obliged to evaluate an application. According to the European Wind Energy Association, as far as the total average time between submission of an application for the construction permit and connection to the grid is concerned, Romania appears to be ahead of the game with an average process time of around 31.7 months, compared with the EU average of 54.8 months. As a consequence, Romania is one of the leaders in this feld, alongside Belgium, the United Kingdom, Italy, France and Denmark. The two lowest ranked countries are Spain and Portugal, which exceed the EU average by 16 and 21 months, respectively. Another comparison criterion is the number of offcials whose involvement is required to implement an investment. The average of the 27 EU Member States is 18 offcials, which indicates that the single counter model is not excessively popular in the renewable energy sector. Even the most wind industry-friendly countries, such as Denmark, the Netherlands and Spain, which boast the lowest values in this respect (5, 6 and 10 offcials, respectively), are still nowhere near this concept. In this respect, Romania is better than the EU average, with an investor having direct or indirect contact with an average of only 13 offcials. Constrngeri poteniale i perspective / Business limitations and prospects 71 1 3 2 4 5 Cele mai frecvent menionate obstacole de investiii n UE cuprind, de asemenea, procedurile de obinere a unei evaluri a impactului investiiei asupra mediului i a planului de dezvoltare a terenurilor. Un numr mare de investiii au fost de asemenea ngreunate din cauza proceselor i a aciunilor ONG-urilor. La momentul actual, impedimentele pe care le ntmpin investitorii de pe piaa romneasc urmeaz tendinele la nivel european. Piaa de energie regenerabil n ceea ce privete energia eolian, statele UE pot f mprite n patru grupe: pieele dezvoltate, pieele n cretere, pieele n curs de dezvoltare i pieele neexploatate. Romnia este n grupul pieelor n curs de dezvoltare, i anume grupul de piee n care sectorul energiei eoliene este ntr-o faz preliminar de dezvoltare, dar se fac progrese semnifcative innd cont de ritmul schimbrilor de pe pia. Diferenele n nivelul de dezvoltare a sectorului energiei eoliene sunt refectate n diferitele probleme cu care se confrunt investitorii. Pe pieele dezvoltate, ntrzierile i o lips de promptitudine din partea autoritilor n eliberarea permiselor par a f o problem major. n cazul pieelor n curs de dezvoltare, absena unor reglementri transparente i stabile din punct de vedere juridic constituie un obstacol aparte. n cazul Romniei, exist o perioad de ateptare de 19 luni pentru autorizaia de construire, ceea ce plaseaz Romnia mai bine dect media UE de 42 de luni pentru proiectele continentale. n UE media timpului necesar pentru conectarea la reea este n jurul valorii de 26 de luni (semnifcativ mai mic dect timpul de ateptare administrativ) i Romnia face parte din grupul de ri cu performane semnifcativ mai bune dect media, cu o perioad de aproximativ 18 luni. Cu toate acestea, n general, cifrele nu sunt reprezentative din cauza numrului foarte redus de proiecte luate n considerare i instalate n momentul la care s-a realizat studiul. The most frequently mentioned investment barriers in the EU also comprise the procedures for obtaining an assessment of the investments environmental impact and land development plan. A large number of investments have also been hindered because of lawsuits and the actions of NGOs. The investment obstacles in Romania that market players currently perceive as being the most important are following the European trend. Renewable energy market In terms of wind energy EU states can be divided into four groups: developed markets, growing markets, emerging markets and unexploited markets. Romania is in the emerging markets group, i.e. the group of markets where the wind energy sector is in a preliminary phase of development, but where significant progress is being made with regard to the pace of market change. Differences in the level of development of the wind energy sector are reflected in the different problems encountered by investors. In developed markets, delays and a lack of timeliness on behalf of the authorities in issuing permits seem to be a major problem. In the case of emerging markets, however, the absence of transparent and stable legal regulations constitutes a specific barrier. In the case of Romania, there is a 19-month wait for the construction permit, making Romania much better than the EU average of 42 months for onshore projects. In the EU the average grid connection lead time is around 26 months (signifcantly lower than the administrative lead time) and Romania is part of a group of countries performing signifcantly better than average, with a period of approximately 18 months. However, generally the fgures are not representative owing to the very low number of projects taken into consideration and installed at the time the survey was conducted. Constrngeri poteniale i perspective / Business limitations and prospects 72 1 3 2 4 5 9. Dispersia surselor Romnia este caracterizat printr-o dispersie mare de surse de energie. Romnia continu s fe alimentat n principal de combustibili fosili, care au reprezentat 54% din producia generat n 2011, urmat de energia hidroelectric cu 25% i cea nuclear cu 19%. Ponderea energiei hidroelectrice a fost mai mic dect de obicei din cauza unui an secetos, n 2011. Cu toate acestea, chiar dac energia eolian a crescut n mod semnifcativ n ultimii doi ani (2010 i 2011), ea genereaz doar 2% din energia electric din Romnia. Clima rii i poziia sa geografc cu Marea Neagr la est, Carpaii n centru i Dunrea trecnd prin partea de sud ofer o posibilitate ampl de a exploata sursele de energie regenerabile. De peste 30 de ani, cea mai important surs de energie curat din Romnia a fost reprezentat de marile centrale hidroelectrice. Pan la i inclusiv n anul 2009, alte surse regenerabile au reprezentat doar o foarte mic parte din producia de energie electric n Romnia. n 2010, situaia a nceput s se schimbe semnifcativ n favoarea surselor de energie regenerabile (altele dect centralele hidroelectrice de mare putere), n special vntul. Prima turbin eolian a fost instalat n Romnia n anul 2004. A fost o turbin la mna a doua i a produs sub 1 MW. n 2007 i 2008, sute de anemometre au fost instalate n Romnia pentru a colecta date privind modelele de vnt. n plus, condiiile create de Legea 220 au stimulat interesul investitorilor. Rezultatul a fost c 2010 i 2011 au fost ani spectaculoi din punct de vedere al pieei energiei eoliene. O capacitate total de 462 MW a fost instalat n 2010 i 520 MW n 2011. Prin urmare, la sfritul anului 2011, 982 MW erau instalai si pn la sfritul primului semestru al anului 2012, 1.400 MW au fost operaionali, capacitatea total putnd ajunge la 2.000 MW la sfritul anului. Se estimeaz c pn la sfritul anului 2013 vor f pn la 3.000 MW de energie eolian instalat, n Romnia, n funcie de modul n care legislaia va f pus n aplicare. Planul Naional de Aciune pentru Energie Regenerabil elaborat de Ministerul Economiei, Comerului i Mediului de Afaceri i prezentat Comisiei Europene prevede 4.000 MW pn n 2020. Aceeai cifr este pstrat n strategia energetic revizuit. n ceea ce privete productorii de turbine, GE i Vestas dein fecare circa 33% din cota de pia. Gamesa, Nordex, Fuhrlander, si Suzlon urmeaz n aceast ordine. 9. Dispersion of sources Romania is characterised by a high dispersion of energy sources. Romania continues to be powered predominantly by fossil fuels, which accounted for 54% of generation in 2011, followed by large hydropower at 25%, and nuclear at 19%. The share of hydro was lower than usual due to a dry year in 2011. However, although wind power has grown dramatically in the past two years (2010 and 2011), it still generates only 2% of the electricity in Romania. The countrys climate and geographical position with the Black Sea to the east, the Carpathians in the centre and the Danube crossing the territory in the south provides ample opportunity to exploit its renewable energy sources. For over 30 years, Romanias most important source of clean energy has been large hydro power plants. Up to and including 2009, other renewable sources accounted for only a very small share of electricity production in Romania. In 2010 the situation began to change dramatically in favour of renewable energy sources (other than large hydro power plants) and especially wind. The frst wind turbine was installed in Romania in 2004. It was a second-hand turbine and was under 1 MW. In 2007 and 2008 hundreds of masts were installed around Romania to collect data on wind patterns. Additionally, conditions created by Law no. 220 stimulated the interest of investors. The result was that 2010 and 2011 were spectacular years in terms of the wind energy market. A total capacity of 462 MW was installed in 2010 and 520 MW in 2011. Hence, at the end of 2011, 982 MW were installed and by the end of the frst semester of 2012, 1,400 MW were operational and the capacity could reach 2,000 MW the end of the year. It is forecast that by the end of 2013 there will be up to 3,000 MW of installed wind energy production in Romania, depending on how the legislation is implemented. The National Action Plan for Renewable Energy drawn up by the Ministry of the Economy and presented to the European Commission forecasts 4,000 MW by 2020. The same figure is retained in the revised energy strategy. In terms of the turbine manufacturers, GE and Vestas each hold about 33% of the market, followed by Gamesa, Nordex, Fuhrlander and Suzlon with smaller shares. 1000 6000 4000 2000 7000 5000 3000 S u r s a :
A R E E
/
S o u r c e :
R W E A [MW} 560 3200 4000 4500 4800 5000 148 260 365 400 490 160 465 520 565 585 560 3688 4715 5345 5765 6075 Constrngeri poteniale i perspective / Business limitations and prospects 73 1 3 2 4 5 Ali productori devin operaionali i alii sunt ateptai s intre pe pia, de exemplu, RePower i, posibil, ali productori de echipamente din China.
Pn n 2015 se ateapt ca n Romnia s se ating cota stabilit de legea privind E-SRE, adic 16% din consumul brut de electricitate. Energia eolian, estimat la 80-90% din E-SRE, va juca un rol important n realizarea acestei inte. Eolian Wind Solar Solar Biomasa Biomass As other producers become operational other manufacturers are also expected to enter the market, i.e. RePower, and possibly other equipment manufacturers from China. By 2015 Romania is expected to achieve the target quota set by the law on E-RES, i.e. 16% of gross electricity consumption. Wind energy, estimated at 80-90% of the E-RES, will play a major role in achieving this target. 2030 2035 2010 2015 2020 2025 Constrngeri poteniale i perspective / Business limitations and prospects 74 1 3 2 4 5 Romnia continu s joace un rol central n strategiile de investiii Stream Invest Holding att pe termen scurt ct i pe termen lung. Compania a dezvoltat patru parcuri eoliene n Dobrogea ncepnd cu anul 2009. Continum s gestionm parcurile eoliene deja existente i dezvoltm sau continum noi proiecte, preponderent n zona Dobrogei, iar n paralel diversifcm afacerile cu energiile regenerabile n domeniul altor surse dect sectorul energiei eoliene. Compania Stream Invest Holding a acumulat deja know- how i experien n domeniul afacerilor cu energie eolian i din alte surse regenerabile de energie prin investiiile deja realizate n afara Romniei. Aceasta experien va f de mare ajutor n procesul/demersul de investiii din Romnia. Cele mai nsemnate provocri i riscuri cu care se confrunt n prezent Stream Invest Holding n investiiile sale, sunt legate de piaa certifcatelor verzi. n ultimele luni certifcate verzi nu au mai fost achiziionate la pretul maxim, cum se obinuia nainte. Este difcil s prevezi dac aceast practic va continua sau nu. Astfel, bncile care ofer fnanare i cei mai muli investitori sunt ngrijorai cu privire la aceast evoluie a preurilor, avnd n vedere faptul c certifcatele verzi constituie cea mai mare parte de remuneraie din afacerile cu energie eolian. n plus, Guvernul Romniei nu reuete s asigure n prezent o atmosfer de ncredere n sistemul juridic romnesc, lucru att de important pentru deciziile n cadrul investiiilor pe termen lung n Romnia. Exist chiar i un risc de reducere a cantitii de certifcate verzi ca urmare a reducerilor continue n domeniul cheltuielilor publice. Pentru unele proiecte de energie eolian, imposibilitatea unei conectri libere la reea devine un obstacol semnifcativ datorit numrului excesiv de proiecte inactive de pe pia care blocheaz proiectele active. Cunoatem c instituiile implicate se ocup de aceasta problem, dar exist un risc ca eforturile lor s nu se concretizeze dect cnd va f poate prea trziu, tinnd cont de perioada scurt de timp necesar pentru ca reducerea certifcatelor verzi sa devin efectiv, aceasta nsemnnd c doar acele proiecte care vor putea f dezvoltate n acest scurt interval de timp vor continua sa atrag investiii. Evoluii similare au loc i n alte ri europene. n general, sistemele fxe de remunerare reglementate de stat ofer o mai mare certitudine n investiii, chiar i n cazurile n care, prin comparaie cel puin de la primele analize acestea nu pot oferi acele randamente atractive care sunt asociate cu sistemele de remunerare care implic certifcatele verzi. Incertitudinile remarcate n Romnia, sunt, de asemenea o caracteristic a multor alte state europene cu sisteme de remunerare bazate pe certifcate verzi. Situaia din Italia trebuie n special menionat datorit instabilitilor sale fr precedent. Romania continues to play a central role in Stream Invest Holding's investment strategies in the short and long term. The company has developed four wind farms in the Dobrogea area since 2009. We continue to operate our existing wind farms and are developing or continuing new projects, primarily in the Dobrogea area, while at the same time also diversifying into the renewable energy business outside of the wind energy sector. Stream Invest Holding has already acquired a signifcant amount of know-how and experience in the wind energy business and other renewable energy applications from its investments outside of Romania. This in- house expertise will help us continue on our challenging but ultimately successful path of investment in Romania. The greatest constraints and risks affecting our current investments are related to the green certifcate (GC) market: in recent months GCs have ceased being purchased at the maximum certifcate price, as was the case previously. It is diffcult to foresee whether or not this practice will continue. However, the banks providing the fnancing and most of the investors are worried about this price development, given that GCs constitute the largest share of the remuneration from wind energy. Furthermore, the Romanian Government is currently failing to provide the right atmosphere or confdence in the Romanian legal system crucial to long term investment decisions in Romania. There is even a risk of a reduction in the overall amount of GCs due to the ongoing cuts in public spending. For some wind energy projects the lack of free grid connection capacities is becoming a signifcant obstacle owing to the excessive number of non-active projects on the market blocking the active projects. We know that the institutions involved are working on this problem, but there is a risk their efforts will only take effect after it is too late, given the short time it will take for the reduction in certifcates to become effective, meaning only the few projects that can be developed in this short period of time will continue to attract investment.
There are similar developments in other European countries. In general, fxed state regulated remuneration systems provide higher investment certainty, even where by comparison at least from the initial reviews they may not provide the attractive returns on investment typically associated with remuneration systems involving green certifcates. The uncertainties seen in Romania are also a feature of many other European states with GC-based remuneration systems. The situation in Italy warrants special mention due to its unprecedented unevenness. Member of the Board, Stream Invest Holding I N T E R V I E W Constrngeri poteniale i perspective / Business limitations and prospects 75 1 3 2 4 5 10. Probleme fscale Impozitul pe proprietate n cadrul fscal existent, reglementarea i aplicarea impozitului pe proprietate pentru parcurile eoliene prezint incertitudini, prin urmare tratamentul fscal este neclar i interpretabil. Codul Fiscal romn nu defnete n mod clar dac elementele de construcie a unei turbine eoliene sau fundaia pe care o turbin este construit sunt supuse impozitului pe proprietate. n legislaia fscal proprietatea imobiliar este defnit ca find orice teren, cldire sau alt construcie ridicat ori ncorporat ntr-un teren. Pe lng aceasta, din punct de vedere al taxelor locale, cldire este orice construcie situat deasupra solului i/sau sub nivelul acestuia, indiferent de denumirea ori de folosina sa, i care are una sau mai multe ncperi ce pot servi la adpostirea de oameni, animale, obiecte, produse, materiale, instalaii, echipamente i altele asemenea, iar elementele structurale de baz ale acesteia sunt pereii i acoperiul, indiferent de materialele din care sunt construite. n timp ce defniia de cldire n cadrul Codului Fiscal romn nu las loc pentru ndoieli semnifcative, rspunsul la ntrebarea dac elementele unei turbine eoliene constituie o construcie impozabil rmne neclar. n consecin, n februarie 2011, consultanii TPA Horwath au adresat o scrisoare ctre Departamentul de Impozite Directe din cadrul Ministerului Finanelor Publice. Rspunsul din partea autoritilor fscale a fost clar i concis: Nu intr sub incidena impozitului pe cldiri construciile care nu au elementele constitutive ale unei cldiri, considerm c turbina eolian nu poate f supus impozitului pe cldiri. Pe de alt parte, trebuie analizat dac turbinele eoliene reprezint cldiri sau echipamente. Avnd n vedere c turbina eolian are nevoie de o fundaie pentru a f construit i implicit de autorizaie de construire, nu excludem riscul ca autoritile fscale s califce turbina eolian drept cldire i s o impoziteze n consecin. n continuare, avnd n vedere i prevederile contabile i, mai precis, defniia i tratamentul activelor, turbina eolian n ansamblul ei poate f vzut ca un activ, deoarece componentele unei turbine eoliene nu pot funciona independent i doar utilizarea unei turbine eoliene complete poate aduce benefcii economice.
10. Tax issues Property Tax In the existing fscal framework the regulation and application of property tax to wind farms represents a grey area, and the tax treatment is therefore unclear and debatable. The Romanian Tax Code does not clearly defne whether the construction elements of a wind turbine, or the foundation on which a turbine is built, are subject to property tax. As per the current tax legislation immovable property means any land, building or other construction built or incorporated on land. In addition, for local tax purposes a building is any construction located above or below the ground, regardless of its name or use, which has one or more rooms that can be used to shelter people, animals, objects, products, materials, facilities, equipment and other similar items, and whose basic structural elements comprise walls and roofs, regardless of the materials they are made of. While the defnition of building under the Romanian Tax Code leaves no room for material doubts, the answer to the question as to whether the elements of a wind turbine constitute a taxable construction remains unclear. Consequently, in February 2011, TPA Horwath consultants addressed a letter to the Direct Tax Department within the Ministry of Public Finance. The answer from the tax authorities was clear and concise: Constructions without the constitutive elements of a building are not subject to local taxes; we therefore do not consider wind turbines as buildings, and as such they cannot be subject to property tax. On the other hand, it needs to be determined whether a wind turbine is a building or equipment. As a wind turbine requires a foundation on which to be built, and a building permit is required to begin, there is a risk that the tax authorities would deem that the wind turbine is to be taxed as a building. Further, in light of the accounting rules and, more specifcally, the defnition and treatment of assets, a wind turbine ensemble can be viewed as an asset, as the components of a wind turbine cannot function independently and only the use of an assembled wind turbine can produce economic benefts. Constrngeri poteniale i perspective / Business limitations and prospects 76 1 3 2 4 5 Totui, din cauza faptului c n Romnia catalogul mijloacelor fixe a fost adoptat n 2004, acesta nu este actualizat cu activele folosite de ctre noile tehnologii, astfel turbinele eoliene nu sunt curpinse n acest catalog. Cu toate acestea, n practic, problema devine i mai subiectiv, deoarece autoritile locale (de exemplu, reprezentani ai anumitor consilii locale/ administraiei publice locale aparinnd anumitor municipii/comune) nu mprtesc o abordare comun a tratamentului fscal al turbinelor eoliene din perspectivele taxei pe proprietate. Unii sunt de prere c impozitul pe proprietate ar trebui s se aplice pentru o turbin eolian ntreag, n timp ce alii solicit ca impozitele i taxele locale s fe pltite numai pentru fundaie.
Mai mult dect att, n fecare an consiliile locale decid asupra nivelului impozitelor i taxelor locale i au autonomia de a introduce anumite taxe locale suplimentare care nu sunt menionate n mod specifc n Codul Fiscal. n contextul defcitelor bugetare locale, autoritile locale pot f nclinate sa gseasc noi modaliti de a aduce mai multe venituri la bugetele pe care le administreaz i, proftnd de lipsa unor dispoziii fscale specifce, este posibil s impun impozit pe cldiri pentru turbinele eoliene, chiar i n absena unui temei legal. n ipoteza n care se va percepe impozit pe cldiri pentru turbinele eoliene, modalitatea de calcul al impozitului va f o provocare. Conform Codului Fiscal impozitul pe cldiri se calculeaz prin aplicarea unei cote de impozit, stabilite de ctre consiliile locale ntre 0,25% i 1,50%, la valoarea de inventar a cldirii, care este greu de determinat n cazul turbinelor eoliene. Pe de alt parte, Codul Fiscal romn conine reglementri referitoare la scutirea de impozite locale a cldirilor utilizate n scopuri hidroelectrice, termice i nucleare, fr a face nicio trimitere la parcurile eoliene. Chiar dac energia eolian nu este inclus n aceast enumerare, prevederea de mai sus exist n Codul Fiscal de aproape 10 ani. De aceea se poate afrma c astfel de construcii ar trebui s se regseasc de asemenea printre cldirile scutite. Se impune aducerea nentrziat a unor clarifcri la Codul Fiscal romn, care vor permite investitorilor din sectorul energiei eoliene s estimeze corect valoarea taxelor, evitnd n acelai timp orice sarcini fscale suplimentare. However, the catalogue containing the Romanian classifcation of fxed assets was enacted in 2004 and has not been updated with the assets used by new technologies, with the consequence that it does not include wind turbines. Nevertheless, in practice, the issue is even more subjective, as local authorities (i.e. the representatives of certain local councils/the local public administration of certain municipalities/ communes) do not share a common approach to the fscal treatment of wind turbines from a property tax perspective. Some believe property tax should be due for the entire wind turbine, while others request local taxes be paid only for the foundation.
Moreover, each year Local Councils decide on the level of taxes and have the autonomy to introduce additional local taxes not mentioned specifically by the Fiscal Code. Given the situation of local budget deficits, local authorities are inclined to seek ways to attract additional revenue to their budgets and, by taking advantage of the lack of specific tax provisions, it is likely they will impose local taxes in the form of building taxes for wind turbines, even where there are no legal grounds for doing so. However, where building tax is levied on wind turbines, the calculation of this tax will also represent a challenge. According to the Fiscal Code, the tax on buildings is calculated by applying a tax rate, set by the Local Council at between 0.25% and 1.50%, to the inventory value of the building something diffcult to determine in the case of wind turbines. On the other hand, the Romanian Tax Code contains regulations regarding the exemption from local taxation of buildings used for hydroelectric, thermal and nuclear power uses, without making any references to wind farms. Even if wind energy is not included, given that this provision of the Fiscal Code is almost 10 years old. It may be argued that wind power constructions should also count among the exempted buildings. We see it as of the utmost importance that fscal clarifcation that place in terms of amendments to the Romanian Tax Code that will allow investors in the wind energy sector to properly assess the value of taxes, while avoiding any additional tax burdens. Constrngeri poteniale i perspective / Business limitations and prospects 77 1 3 2 4 5 Amortizarea parcurilor eoliene Un alt aspect important care necesit clarifcri n ceea ce privete expunerea fscal a activitaii parcurilor eoliene este recunoaterea n contabilitate a activelor i a amortizrii asociate acestora. Cheltuielile efectuate pentru turbinele eoliene sunt deductibile fscal sub forma amortizrii (alocarea costurilor activelor pentru perioadele n care activele sunt utilizate). Deseori este discutabil dac, n sensul amortizrii, turbina eolian ar trebui s fe abordat ca un ntreg sau mprit n seciuni separate (de exemplu fundaie, turn, generator, elice, nacel, etc), cu rate de amortizare diferite aplicate n mod corespunztor. Acest aspect nu este reglementat, iar cnd apare poate f considerat ca o cerere neautorizat a autoritii fscale de a aplica conceptul de divizare structural a proprietii n scopuri fscale. Potrivit Ordinului Ministrului Finanelor nr. 3055/2009 i Catalogului de Clasifcare a Activelor Fixe (FACC), care reprezint o extensie sistematic la legislaia fscal ce reglementeaz termenii de amortizare, o turbin eolian constituie fe un singur activ fx care cuprinde ntreaga confguraie eolian mpreun cu fundaia, sau poate f mprit n mai multe elemente care sunt amortizate individual. Potrivit catalogului FACC, exist mai multe elemente care pot f considerate ca fundaii n contabilitate, i anume Alte cldiri industriale, Piste de beton i platforme; i Construcii speciale din beton toate find incluse n Grupa 1 din FACC, cu o depreciere contabil liniar pe o perioad cuprins ntre 24 i 36 de ani, n timp ce alte componente structurale, electrice i tehnice ale turbinelor eoliene nu sunt foarte clar defnite (de exemplu turn, nacel i elice). n analiza noastr am identifcat mai multe elemente care ar putea f utilizate n scopul amortizrii componentelor turbinelor eoliene (incluse n grupa 2 din FACC): Generator de energie 12-18 ani; Motoare eoliene 16-24 ani; Transformatoare 16-24 ani; Alte echipamente specifce centralei energetice 8-12 ani. Noi reglementri ar trebui s fe adoptate n legislaia naional, astfel nct s se actualizeze FACC cu componentele unui parc eolian, pentru ca investitorii din acest domeniu s fe n msur s se conformeze cu cerinele locale i s evite n continuare riscurile fnanciare ce ar putea rezulta din neaplicarea corect a reglementrilor fscale. Wind farm depreciation Another important aspect that requires clarifcation in terms of the tax exposure of wind farm activities is the recognition in the accounting of assets and their associated depreciation. Expenditure incurred in relation to wind turbines is tax deductible in the form of depreciation write-offs (the allocation of the cost of assets to periods in which the assets are used). It is often debatable whether for the purposes of depreciation a wind turbine should be treated as a whole or divided into separate sections (i.e. foundation, tower, generator, propeller, nacelle, etc.), with different depreciation rates applied correspondingly. This actually has no legal basis and where it occurs it can be considered as an unauthorised application by the tax authorities of the concept of structure division for the purposes of property taxation. According to the Order to the Ministry of Finance no. 3055/2009 and Fixed Assets Classifcation Catalogue (FACC), which represents a systematic extension to the tax law governing terms of depreciation, a wind turbine either constitutes a single fxed asset comprising the entire wind power set together with the foundation, or may be split into several elements that are individually depreciated. According to the FACC document, there are several items that can be considered as foundations in the accounting, i.e. Other industrial buildings, Concrete runways an platforms and Special concrete constructions, all of which are included in Group 1 of the FACC, with a linear accounting depreciation over a period of between 24 and 36 years, while the other structural, electrical and technical components of the wind turbine are not very clearly defned (i.e. tower, nacelle and blade). In our analysis we identifed several elements that could be used for the purposes of the depreciation of wind turbine components (included in Group 2 of the FACC): Power generators 12-18 years; Wind engines 16-24 years; Transformers 16-24 years; Other equipment for the power plant 8-12 years. New regulations need to be incorporated into national legislation so as to update the FACC with the components of a wind farm, so that investors in this feld are able to comply with the local requirements and avoid further fnancial risks. Constrngeri poteniale i perspective / Business limitations and prospects 78 1 3 2 4 5 ncadrarea din punct de vedere fscal a elementelor componente din cadrul centralei electrice (Clauza proprieti imobiliare) Investiia ntr-un parc eolian ridic, de asemenea, o alt ntrebare important: o turbin eolian poate f clasifcat ca un bun imobiliar? Rspunsul la aceast ntrebare ajut la determinarea locului i cotei de impozitare pe ctigurile de capital aplicabile profturilor obinute de nerezideni din vnzarea de aciuni deinute n societi formate n totalitate sau n principal din proprieti imobiliare situate n Romnia. Nici Comentariile Organizaiei pentru Cooperare i Dezvoltare Economic (OCDE) cu privire la modelul de convenie de evitare a dublei impuneri, nici Codul Fiscal romn nu prevd clarifcri sufciente n acest sens. n timp ce Comentariile OCDE trimit la defnirea conceptului de proprietate imobiliar prin raportarea la cadrul legal al statului n care este situat imobilul (adic Romnia), va ajuta la evitarea difcultilor de interpretare pentru a stabili dac un activ sau un drept trebuie s fe considerat ca bun imobiliar, Codul defnete un bun imobiliar ca find orice teren, cldiri sau alte construcii ridicate sau incorporate pe teren. Nu exist prevederi suplimentare cu privire la defniia expresiei alte construcii ridicate sau ncorporate pe teren. n opinia noastr, n scopul impozitrii pe ctigurile de capital, turbinele eoliene (sau cel puin componentele structurale, fundaia i turnul) ar trebui s fe tratate ca proprieti imobiliare. n ceea ce privete generatorul de energie, motorul eolian i alte componente considerate a f echipamente de FACC, acestea nu ar trebui s se ncadreze n categoria proprieti imobiliare. Pentru a putea refecta acest tratament n evidentele contabile, ar f necesar ca investitorul s pastreze o eviden clar i detaliat a costurilor pentru fecare component a unei turbine eoliene. Aspecte privind TVA
Instalarea de turbine eoliene necesit o livrare de bunuri pe teritoriul romnesc, astfel aspectele legate de tratamentul din punct de vedere al TVA-ului ar trebui avut n vedere. O problem veche a sistemului fscal romnesc, procesul de rambursare a TVA-ului, devine i mai problematic lund n considerare noile modifcri legislative anunate: ncepnd cu 2013 TVA-ul se va datora la ncasarea facturii, i nu la emiterea ei pentru societile cu o cifr de afaceri care nu depete 500.000 de euro. Fiscal treatment of structural components of renewable energy plant (Real estate clause)
Investing in a wind farm also raises another important question: can a wind turbine be classifed as an immovable asset? The answer to this question helps to determine the place and rate of capital gains taxation applicable to gains derived by non- residents from the sale of shares held in company assets consisting entirely or principally of immovable property located in Romania. Neither the Organisation for Economic Cooperation and Development (OECD) Commentaries on the Model Convention nor the Romanian Tax Code provides enough clarifcation in this respect. While the OECD Commentaries say that defning the concept of immovable property by reference to the law of the state in which the property is situated (i.e. Romania) will help avoid diffculties of interpretation as to whether an asset or a right is to be regarded as immovable property, the Code defnes immovable property as any land, building or other construction built upon or incorporated on land. There are no other provisions regarding the defnition of the expression other constructions built upon or incorporated on land. In our opinion, for the purposes of capital gains taxation, a wind turbine (or at least its structural components, the foundation and tower) should be treated as immovable property. As to the power generator, the wind engine and the other components considered being equipment by the FACC, these should fall outside the immovable property category. In order to be able to refect such treatment in the accounting books, it is necessary that the investor keep detailed and clear evidence of the cost of each component of the wind farm. VAT aspects
As the installation of wind turbines requires the supply of goods to Romanian territory, issues relating to VAT treatment should also be taken into consideration.
One older problematic aspect of the Romanian tax system, the VAT reimbursement process, has been rendered even more problematic in light of the new legislative changes. As of 2013, for companies with a turnover below EUR 500,000, VAT payment will be made upon the cashing in of invoices as opposed to receipt of invoices.
Constrngeri poteniale i perspective / Business limitations and prospects 79 1 3 2 4 5 Aceast msur va genera un fux de numerar, un avantaj de care vor benefcia n special companiile mici i mijlocii. Mai mult dect att, n cazul in care implementarea se va face intr-o manier structurat, statul va avea de ctigat de asemenea (n ciuda impactului negativ iniial asupra veniturilor bugetare), n ceea ce privete colectarea efcient a taxelor i impozitelor, reducnd posibilitatea de a face rambursri necuvenite, ntruct dac TVA-ul colectat trebuie pltit doar la ncasarea contravalorii facturii, TVA-ul deductibil devine exigibil din momentul achitrii facturilor. n plus, aceast msur va necesita ajustri ale procedurilor interne ale contribuabililor, deoarece va f necesar o eviden separat a facturilor emise vs facturi ncasate, date care vor trebui comparate i corelate lunar. Este bine cunoscut faptul c, n practic, procesul de rambursare a TVA este de foarte lung durat i poate dura ntre ase luni i doi ani, chiar dac legea prevede 45 de zile. Acest aspect se adaug la costurile suplimentare generate de inspecia fscal declanat de cererea de rambursare de TVA, costurile legate de resursele implicate n timpul inspeciei fscale, dar i de eventualele ajustri efectuate de inspectori.
Astfel, n lumina noilor prevederi privind colectarea TVA-ului, procesul de rambursare ar putea deveni i mai difcil i mpovrtor pentru contribuabili. 11. Proftabilitatea energiei eoliene Romnia se af n prezent n topul celor mai atractive 15 ri din lume in domeniul energiei eoliene, nregistrnd creteri semnifcative n 2012 comparativ cu 2011. Popularitatea tot mai mare a parcurilor eoliene n Romnia vine, printre altele, ca urmare a percepiei unei investiii efciente cu proft garantat pe un numr de ani. Este bine cunoscut faptul c Romnia are un potenial mare pentru producerea de energie regenerabil, find considerat ara cu cel mai mare potenial eolian din sud-estul Europei. Cu toate acestea, rentabilitatea efectiv a unui proiect eolian depinde de o serie de factori care pot infuena n mod semnifcativ decizia fnal cu privire la executarea sau nu a unui proiect. Ar trebui remarcat c numrul mare de variabile (att n etapa de investiii ct i n timpul exploatrii unui parc eolian) ar putea duce la o diversifcare semnifcativ n analiz. This measure will generate a cash flow advantage that will benefit small and medium-sized companies in particular. Moreover, if implemented carefully this will also benefit the state (despite the initial negative impact on budget revenue) in terms of more efficient tax collection and the reduced possibility of making incorrect reimbursements, as output VAT should be collected only when invoices are paid, meaning input VAT becomes deductible at the moment of invoice payment.
Furthermore, this measure will require changes to taxpayers internal procedures, because separate records will be needed for invoices issued vs. invoices cashed in, and this data will have to be compared and settled monthly. It is well known that, in practice, the VAT reimbursement process is extremely lengthy and can take from between six months and two years, even if the law promises 45 days. This adds to the additional costs generated by the tax inspection process triggered by the VAT reimbursement request, costs relating to the resources necessary during the tax inspection, as well as potential adjustments made by the inspectors. Therefore, under the new provisions regarding VAT collection, the reimbursement process may become more diffcult and burdensome for taxpayers. 11. The Proftability of wind energy Romania is now in the top 15 most attractive countries in the world for renewable energy, increasing signifcantly in 2012 comparing to 2011. The growing popularity of wind farms in Romania comes, among other things, as a result of their perception as a high return rate investment with guaranteed profts for a number of years. It is well known that Romania has great potential for renewable energy production, being considered the country with largest technical wind potential in south-east Europe. However, the actual proftability of a wind project depends on a number of factors that can signifcantly infuence the fnal decision as to whether or not to execute a given project. It should be noted that the large number of variables (both at the investment stage and during exploitation of a wind farm) could lead to signifcant diversifcation in the analysis. Constrngeri poteniale i perspective / Business limitations and prospects 80 1 3 2 4 5 Cheltuieli de investiii Investiiile ntr-un parc eolian implic o serie de cheltuieli tangibile i intangibile. Tabelul urmtor ofer un exemplu pentru structura de cost a investiiilor aferente unui parc eolian cu o capacitate instalat de 1 MW, bazat pe analiza datelor din pia pentru parcurile eoliene operaionale. Structura de cost a investiiilor Investment expenditure Investment in a wind farm involves a number of tangible and intangible expenses. The table below provides an example of the investment cost structure for a wind farm per 1 MW of installed capacity, based on analysis of the market data for operating wind farms. Investment cost structure Categorie de cost a investiiei Cheltuieli n mii euro/1MW Proporia cheltuielii totale Investment cost category Expenditure in K EUR/1 MW Proportion of total expenditure Turbine eoliene / Wind turbines 1200 67% Reele electrice/ Electrifcation costs 202 14% Drumuri i fundaii / Roads and foundations 141 9% Costuri de proiectare / Design costs 68 4% Costuri de conectare la reea / Grid connection costs 81 5% Asigurri i alte costuri / Insurance and other costs 17 1% Total / Total 1709 100% Densitatea de putere a vntului, precum i locaia parcului eolian reprezint factori eseniali n determinarea preului de pia a unui parc eolian, precum i pentru analiza randamentului unui proiect la momentul achiziiei (variaia densitii medii cu o unitate poate avea un impact major asupra proftabilitii). De asemenea, este de menionat faptul c evaluarea potenialului eolian este hotrtoare pentru stabilirea densitii medii a energiei eoliene, iar acest proces este unul de lung durat, ce poate ajunge chiar la 1 an. O alt component important n estimarea costului unui proiect eolian o constituie accesul la infrastructur, respectiv, cu ct turbinele se af mai departate de racordarea la reea, cu att costurile de dezvoltare ale investiiei vor f mai ridicate, i n consecin, proftabilitatea va f mai scazut. The market price of wind farms per MW depends signifcantly on the location of the turbines and on the wind power density of the wind farm, which is a very sensitive variable (e.g. a variation in the wind power factor by 1 unit could have a large impact on the proftability of the project). The wind study is crucial to establishing the wind power density and can take up to 1 year. Access to infrastructure is another important element to be taken into consideration when determining the price of the wind project. The further away the wind turbine is located from the grid connection, the higher the investment cost will be and, consequently, the lower the proftability. S u r s a :
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H o r w a t h Constrngeri poteniale i perspective / Business limitations and prospects 81 1 3 2 4 5 Costurile de pregtire a investiiei Orice analiz a cheltuielilor de investiii trebuie s prevad costurile de pregtire i de proiectare efectuate n faza iniial a unui proiect (primii 1-4 ani). n prezent, aceasta cheltuial variaz ntre 55 de mii de euro i 70 de mii de euro pe MW de capacitate a parcului eolian proiectat (ceea ce constituie circa 3%-4% din valoarea investiiei). Aceste costuri includ, dar nu sunt limitate la: Dezvoltarea proiectului tehnic; Elaborarea studiului de fezabilitate; Montarea anemometrelor i efectuarea msurtorilor pentru densitatea vntului; Efectuarea studiului privind impactul parcului eolian asupra mediului natural i comunitatea local; Cercetarea geologic; Procedee administrative. Costurile turbinelor i a construciei Achiziia turbinei reprezint partea cea mai important din structura costului de investiie, ajungnd pn la 67% din cheltuielile de investiii. Preurile turbinelor depind de o serie de factori, inclusiv, dar nu limitat la, capacitatea instalat, productorul, proflul turbinei i decizia cu privire la dac s se cumpere turbine noi sau la mna a doua. Valoarea medie de generare a energiei eoliene la 1 MW de capacitate variaz de la 1,3 la 2 milioane euro. n cazul proiectelor care presupun utilizarea de tehnologii de vrf care fac posibil mbuntirea efcienei de producie, costurile pentru fecare MW instalat pot f chiar mai mari. Trebuie remarcat c, din cauza duratei prelungite a procesului de investiii, investitorul se confrunt cu riscul schimbului valutar n situaia n care contractul cu furnizorul de turbine a fost ncheiat ntr-un stadiu timpuriu. Acest lucru ar trebui, de asemenea, luat n considerare atunci cnd se analizeaz viabilitatea proiectului. n afar de achiziionarea de echipamente, investitorul trebuie s suporte, de asemenea, costurile aferente reelei electrice (staie de transformare, substaii, aparat de compensare) care pot ajunge la 14% din totalul investiiei. Costurile legate de dezvoltarea infrastructurii interne (drumuri, fundaii, racordarea la reeaua de energie), care constituie n medie 9% din valoarea proiectului i, n funcie de complexitatea parcului, pot varia ntre 5% i 10% (n funcie de condiiile terenului i ale apei, distribuia intern a turbinelor n incinta parcului eolian, lungimea sistemului electric i de telecomunicaii, etc). Investment preparation costs Any investment expenditure analysis must account for the preparation and design costs incurred during the initial stage of a project (the frst 1-4 years). Currently this expenditure ranges between EUR 55 thousand up to as much as EUR 70 thousand per MW of capacity of the designed wind farm (which constitutes about 3%-4% of the investment value). These costs include, but are not limited to: Developing the technical design; Drafting the feasibility study; Erecting measuring masts and wind density measurements; Performing the study on the wind farm impact on the natural environment and local community; Geological research; Administrative proceedings. Wind turbines and building cost The purchasing of the turbine accounts for the largest portion of the investment cost structure, representing up to 67% of the investment expenditure. Turbine prices depend on a number of factors, including, but not limited to, the installed capacity, manufacturer, turbine profle and the decision as to whether to purchase new or secondhand turbines. The average value of wind energy generation per 1 MW of capacity ranges from EUR 1.3 to 2 million. In the case of projects that presume the use of cutting-edge technologies that make it possible to improve generation effciency, the costs of each installed MW may be even higher. It should be noted that because of the prolonged duration of the investment process, the investor faces a foreign exchange risk in terms of having signed the contract with the turbine supplier at an early stage; this should also be taken into consideration when analysing the viability of the project. Apart from the purchase of the equipment, the investor must also incur costs relating to the electrifcation system (transformer station, substations, compensation device) at an average of 14% of the total investment. The development of internal infrastructure expenditures (roads, foundations, power connections), which on average constitute 9% of the project value and, depending on the complexity of the farm, can range between 5% and 10% (depen ding on land and water conditions, internal turbine distribution over the premises of the wind farm, length of the electric and telecommunications system, etc.). Constrngeri poteniale i perspective / Business limitations and prospects 82 1 3 2 4 5 Costurile de racordare la reeaua electric Costul de racordare la reeaua electric se bazeaz pe dispoziiile Legii Energiei i depinde n primul rnd de cheltuielile de investiie alocate pentru dezvoltarea reelei, precum i de capacitatea de racordare solicitat. Valoarea exact a tarifului devine cunoscut atunci cnd condiiile tehnice de racordare la reea sunt transmise. Costul de conectare reprezint o component major a cheltuielilor de investiii i se poate ridica pn la 8,8 milioane de euro n cazul unui parc eolian cu o capacitate planifcat de circa 110 MW (ntre 50 mii euro i 80 mii euro/MW). Avizul tehnic de racordare la reea este valabil pentru minim 25 de ani. Dobndirea drepturilor imobiliare cu privire la terenuri Securizarea terenului necesar unui parc eolian reprezint o component substanial a cheltuielilor de investiii. Se presupune c pentru un regim optim, ntr-un parc eolian este nevoie de 2.0002.500 m 2
pentru o turbin, n timp ce staia de alimentare necesit o suprafa de aproximativ 3.000 m 2 . De asemenea, trebuie securizate i cile de acces i alte terenuri nvecinate parcului eolian, cum ar f: terenul pe care se proiecteaz elicea i terenul afectat de traseul cablului subteran/aerian. De obicei, nc din faza de pregtire a investiiei dezvoltatorii vor suporta costurile legate de indemnizaii de despgubire datorate proprietarilor de terenuri pentru recolta pierdut. Costurile legate de dobndirea drepturilor imobiliare cu privire la terenuri pot ajunge la 11,5% din valoarea investiiei. De regul, perioada de utilizare caracteristic unui parc eolian este de 20-25 de ani, n condiiile folosirii unor echipamente noi i efecturii operaiunilor de ntreinere i reparaii standard. Venituri Un parc eolian genereaz dou tipuri de venituri: Vnzri de energie electric, i Vnzri de certifcate verzi. Cu privire la informaiile disponibile pe pia despre estimarea preului de vnzare a energiei eoliene, previziunile devin foarte difcile, n condiiile n care nu exist o baz de date public. Power grid connection costs The cost of connection to the power grid is based on the provisions of the Energy Law and depends primarily on the investment expenditure allocated to grid development as well as the requested connection capacity. The exact value of the fee becomes known when the technical conditions of connection to the grid are issued. The connection cost represents a major component of investment expenditure and may amount to as much as EUR 8.8 million in the case of a wind farm with a planned capacity of around 110 MW (between EUR 50 thousand and EUR 80 thousand per MW). The grid connection permit is valid for a minimum of 25 years. Obtaining real estate rights to the land
Securing the required land for a future wind farm also constitutes a substantial component of investment expenditure. It is assumed that the optimum arrangement of turbines in a wind park requires some 2,0002,500 m 2 per turbine, while the power station requires a land area of around 3,000 m 2 . It should also be noted that the access ways and other land plots situated in the vicinity of the wind farm must be secured: the land on which the propeller is projected and the land affected by the underground/aerial cable route. Investors will incur costs related to compensation for damages payable to land owners in respect of harvest losses.
The costs pertaining to securing the real estate rights for securing the land may reach to 11.5% of the investment value. The typical expected use period of a wind farm is of 20-25 years, assuming that new equipment is used, and provided the standard repairs and maintenance is performed. Revenues A wind farm generates two types of income: Sales of electricity, and Sales of green certifcates. In terms of the information available relating to the forecast of electricity prices, it is becoming very diffcult to predict the price of electricity considering there is no public information in this respect. Constrngeri poteniale i perspective / Business limitations and prospects 83 1 3 2 4 5 From the analysis of the historical reports published by OPCOM - the regulatory authority responsible for both Day-Ahead Market (DAM) and Green Certificate market, presenting the hourly average price throughout 2012, it can be observed a considerable disparity between prices transacted during the off peak period (from 11:00 p.m. 6:00 a.m.) as compared to a peak demand period ranging from 7:00 a.m. to 10:00 p.m. Peak prices ranged from monthly highs of EUR 67 up to EUR 77 per MWh in February 2012, and decreased to average of EUR 52- 57 / MWh in April and May 2012. On a related note, Hidroelectrica, a national leader in energy production, is currently facing fnancial diffculties and its future remains uncertain for the time being. This generates even more diffculties in terms of forecasting the price of electricity. In the event Hidroelectrica goes bankrupt, the energy supply will be much lower than demand, requiring additional energy to be imported and, therefore, a signifcant rise in the price of energy.
The proftability of wind projects is substantially affected by the renewable energy source support system based on green certifcates. The price of certifcates depends mainly on the value of the substitution fee and the economic conditions. According to the Law 220 as subsequently amended, the value of green certifcates ranges between EUR 27 and EUR 55 per certifcate. The certifcate market liquidity results from the obligation of the companies that sell electricity to end customers to purchase and redeem green certifcates in line with the prescribed minimum quotas of energy from renewable sources as part of total energy sales. In Europe, the green certificate system is gradually being replaced by the feed-in tariff system, as individual EU Member States are free to choose their respective aid instruments. In the case of the feed-in tariff system, the price paid by power companies to energy manufacturers is set by the regulatory authority, and the market decides the volume of the energy to be generated from renewable sources. As opposed to Romania, countries such as Austria, Germany, Croatia and Hungary have chosen a feed-in tariff system. The green certifcate aid system faces growing criticism, and organisations representing power sector companies are demanding that the aid system be changed into a tariff-based one. The argument given in support of this request is the need for higher stability of the aid system so as to ensure better foundations for investment decision-making in a long-term perspective. Din analiza rapoartelor istorice publicate de OPCOM Operatorul pieei de energie electric din Romnia responsabil cu reglamentarea Pieei pentru ziua urmtoare (PZU) i a pieei certifcatelor verzi, prezentnd preul mediu orar in cursul anului 2012, se poate observa o disproporie considerabil ntre preurile de tranzacionare din afara orelor de vrf (11:00 p.m. 6:00 a.m.) comparativ cu perioada orelor de vrf (7:00 a.m. to 10:00 p.m.). Astfel, preul energiei a nregistrat cote maxime de 67 euro pn la 77 euro/ MWh n februarie 2012, diminundu-se ulterior pn la o medie de 52-57 euro/ MWh n aprilie i mai 2012. Mai mult dect att, este cunoscut faptul c societatea Hidroelectrica, care este un lider naional n producerea de energie, se confrunt cu difculti fnanciare n prezent, avnd un viitor incert n acest moment. Acest aspect ingreuneaz i mai mult estimarea unui pre corect de vnzare a energiei. n cazul n care, Hidroelectrica va intra n faliment, capacitatea ofertei de energie produs se va diminua consideralbil, ceea ce va duce la importul de energie, prin urmare la o cretere insemnat a preului de vnzare. Rentabilitatea proiectelor eoliene este substanial afectat de schema de sprijin pentru surse de energie regenerabile bazate pe certifcate verzi. Preul certifcatelor depinde n principal de valoarea taxei de substituie i a condiiilor economice. Conform Legii 220, modifcat ulterior, valoarea certifcatelor verzi variaz ntre 27 de euro i 55 de euro/certifcat. Lichiditile din piaa certifcatelor rezult din obligaia companiilor, care vnd energie electric clienilor fnali, s achiziioneze i s rscumpere certifcatele, n conformitate cu cotele de energie minime prevzute din surse regenerabile, ca parte din vnzrile totale de energie. n Europa, sistemul certifcatelor verzi, se nlocuiete treptat cu sistemul de tarifare preuri fxe, deoarece statele membre ale UE sunt libere s aleag instrumentele respective de ajutor. n cazul sistemului de tarifare pre fx, preul pltit de ctre companiile de electricitate ctre productorii de energie este stabilit de ctre autoritatea de reglementare, iar piaa decide volumul de energie care urmeaz s fe generat din surse regenerabile. Spre deosebire de Romnia, ri precum Austria, Germania, Croaia i Ungaria au ales sistemul de tarifare pre fx. Sistemul de sprijin prin certifcate verzi se confrunt, de asemenea, cu critici majore, iar organizaiile care reprezint companiile din sectorul de energie solicit ca sistemul de ajutor s fe schimbat ntr-unul bazat pe tarif fx. Argumentul dat n susinerea acestei cereri este nevoia sporit de stabilitate a regimului de suport, astfel nct s se asigure o mai bun fundamentare pentru deciziile de investiii pe termen lung. Constrngeri poteniale i perspective / Business limitations and prospects 84 1 3 2 4 5 Trebuie remarcat faptul c producerea i vnzarea energiei sunt produsul unui numr de variabile, inclusiv condiiile reale de vnt, numrul de zile fr activitate, termenii contractului de racordare i ai contractului de vnzare, precum i preurile la energia electric. Conform datelor obinute din studiile de energie eolian efectuate n Romnia, productivitatea minim a unui parc eolian, care permite o rentabilitate pozitiv este de 2.000-2.200 MWh pe an pentru fecare 1 MW de capacitate instalat. n condiiile actuale, proftul anual la 40 MW de capacitate instalat ar trebui s fe, prin urmare, nu mai puin de 8 milioane euro. Costurile de exploatare ale parcurilor eoliene Dup ce un parc eolian devine operaional, investitorul este obligat s suporte o serie de costuri de exploatare. Tabelul de mai jos conine elementele cheie privind costurile pentru un MW angajate n cursul fecrui an de funcionare pentru un parc eolian. Structura costului anual de exploatare pentru un parc eolian pentru 1 MW: It should be noted that energy generation and sale is the product of a number of variables, including actual wind conditions, the number of stoppage days, the terms of the connection agreement and sales agreement, as well as electricity prices. According to the data obtained from wind power studies conducted in Romania, the minimum productivity of a wind farm that allows for positive proftability is 2,000-2,500 MWh per year per 1MW of installed capacity. Under current conditions, the annual proceeds from 40 MW of installed capacity should therefore be no less than EUR 8 million. Wind farm exploitation costs
After a wind farm becomes operational, the investor is obliged to incur a number of exploitation costs. The table below contains the key cost items incurred during each year of operation per 1 MW wind farm:
Annual exploitation cost structure per 1 MW: Tipul de cost Costurile estimate anual [ euro] Proporia costurilor totale [%] Cost type Annual estimated costs [ EUR] Proportion of total costs [%] Administrativ, ntreinere i exploatare / Operational, maintenance and exploitation 38614 67% Costuri cu echilibrarea / Energy balancing 5 575 10% Asigurri / Insurance 5621 10% Diverse / Other 3924 6% Cheltuieli de regie / Overheads 1931 3% Energia pentru necesitile interne / Energy for internal needs 925 2% Impozitul pe teren / Various taxes 937 2% Total / Total 57527 100% S u r s a :
T P A
H o r w a t h
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S o u r c e :
T P A
H o r w a t h Constrngeri poteniale i perspective / Business limitations and prospects 85 1 3 2 4 5 According to the review performed on a sample of wind farm projects, average annual operating expenses could reach EUR 57,500 per MW, which is within the markets annual range of EUR 50,000-60,000.
The highest proportion of exploitation costs comes from the farms operational, maintenance and exploitation costs. These depend on the scope of the performed works and the size of the wind farm itself, and are very often divided into fixed and variable portions determined by the actual project profitability. Energy balancing costs are linked to the reliability of the forecast of wind power density conditions for the 24-hour period directly following the forecast. This cost item is therefore extremely difficult to determine, whereas the distribution of the balancing obligation between the investor and the power plant is regulated in different ways in individual energy sales contracts. Generally, the balancing cost constitutes a substantial share of the total costs and may amount to as much as 8%-10% of the annual income from energy sales. Insurance represents another cost component that is closely correlated with the size and value of the wind farm as well as its age. It should be noted that the value of the annual premium will depend on the selected insurance coverage (property all-risk insurance, proft loss insurance, machinery failure insurance, insurance against loss of profts due to machinery failure, civil liability, etc.). It is estimated that depending on the choice of insurance cover, this annual fee will range between EUR 1,500 and as much as EUR 6,000 per 1 MW of installed capacity. Another substantial cost item is given by fnancial costs in the form of interest on loans obtained to fnance the construction of a wind farm. The value of such costs depends, among other things, on the fnancing structure, interest rates and the share of preferential equity sources. Assuming fnancing of 70% of the project value for a 110 MW farm with a value of EUR 108 million and a 6% interest rate, the annual interest cost during the frst years of the investment will on average amount to EUR 54,000 per month. Moreover, as already mentioned, in case of foreign currency loans the investor faces the additional risk of foreign exchange fuctuations; on the other hand, the investor may beneft from lower interest rates. Ca urmare a unui studiu realizat asupra unui eantion de proiecte energetice, costurile medii de exploatare nregistrate anual de companii pot ajunge la aproximativ 57.500 de euro pentru 1 MW, find situate la un pre de pia afat n intervalul 50.000 de euro i 60.000 de euro. Cea mai mare parte a costurilor de operare provine din costuri administrative de ntreinere i exploatare. Acestea depind de domeniul de aplicare al lucrrilor efectuate i de mrimea parcului eolian n sine, i sunt adesea mprite n trane fxe i variabile determinate de rentabilitatea proiectelor propriu-zise. Costurile cu echilibrarea sunt legate de certitudinea previziunilor asupra condiiilor de densitate a energiei eoliene pentru o perioad de 24 de ore urmnd n mod direct prognoza. Prin urmare, acest element de cost este extrem de difcil de determinat, cu toate c distribuia costurilor cu echilibrarea dintre investitor i centrala energetic este reglementat n mod diferit n contractele individuale de vnzare a energiei. n general, costul cu echilibrarea constituie o parte substanial din costurile totale i se poate ridica i pn la 8% -10% din venitul anual al vnzrilor de energie. Asigurarea reprezint o alt component de cost care este n strns corelaie cu dimensiunea i valoarea parcului eolian, precum i cu vechimea acestuia. Trebuie remarcat faptul c valoarea primei anuale va depinde de acoperirea asigurrii selectate (toate riscurile de proprieti, pierderile de proft, instalaii, pierderile de proft cauzate de defeciuni de utilaje, asigurare de rspundere civil, etc). Se estimeaz c, n funcie de alegerea tipului de asigurare, aceast cost anual va f cuprins ntre 1.500 i 6.000 de euro pentru 1 MW de capacitate instalat. Un alt element de cost substanial l reprezint cheltuielile fnanciare sub form de dobnzi la mprumuturile obinute pentru a fnana construirea unui parc eolian. Valoarea unor astfel de costuri depinde, printre altele, de structura de fnanare, ratele dobnzilor i a ponderii surselor de capital. Presupunnd c fnanarea este de 108 milioane de euro, cu o rat a dobnzii de 6%, reprezentnd 70% din valoarea necesarului pentru un parc de 110 MW, costul dobnzii anuale n primii ani de investiii se va ridica la o valoare medie de 54.000 de euro pe lun. Mai mult dect att, dup cum am menionat deja, n cazul creditelor n valut investitorul se confrunt cu un risc suplimentar al fuctuaiei cursului de schimb valutar; pe de alt parte, investitorul poate benefcia de dobnzi mai mici la creditele acordate in euro. Constrngeri poteniale i perspective / Business limitations and prospects 86 1 3 2 4 5 Analiza proftabilitii Analiza asupra a cinci investiii eoliene fnalizate i n curs de dezvoltare confrm existena unor discrepane semnifcative n ceea ce privete nivelul de cheltuieli n dezvoltarea proiectelor cu capaciti similare. Costurile pe 1 MW au variat de la 1,3 milioane de euro / MW, la 2 milioane de euro / MW, media ponderat a valorii cheltuielilor pe 1 MW de capacitate instalat find de 1,5 milioane euro. Conform analizelor efectuate, rata intern de rentabilitate (IRR) poate nregistra n medie 12%, iar printre factorii cu infuen major, se numr efectul fuctuaiei cursului valutar, precum i alte riscuri fnanciare sau legislative cu privire la certifcatele verzi. Viitorul parcurilor eoliene va f afectat nu numai de factori, precum alegerea corect a locaiei caracterizat prin densitatea adecvat a energiei eoliene, sau accesul la infrastructur, dar i de alegerea optim a turbinelor, ridicarea lor pe stlpi i o mentenan efcient. n Romnia, perioada medie de rentabilitate a capitalului investit (RCI) este de aproximativ 13 ani. Cu toate acestea, perioadele de recuperare a investiiei pot diferi n mod semnifcativ, n funcie de amploarea proiectului, tehnologia aplicat, locaia proiectului i de ali factori. Este de menionat faptul c durata de via a proiectului (care n medie este de 20 de ani) i costurile legate de modernizarea sau de lichidarea centralei electrice de la sfritul perioadei de funcionare trebuie, de asemenea, s fe luate n considerare atunci cnd se analizeaz proftabilitatea investiiei. Proftability analysis Analysis of fve selected in-progress and completed wind farm investments confrms the existence of substantial discrepancies with regard to the level of expenditure in the development of projects of similar capacities. The costs per 1 MW ranged from EUR 1.3 million/MW to EUR 2 million/MW, whereas the weighted average of expenditure value per 1 MW of installed capacity amounted to EUR 1.5 million. For the time being, the average internal rate of return (IRR) could reach 12%, and depends signifcantly on factors like foreign exchange fuctuations, fnancing risks and local legislation changes regarding green certifcates. The future wind farm productivity will be affected not only by such factors as the right choice of location as characterised by appropriate wind power density, and access to infrastructure, but also by the optimal selection of turbines, their elevation on the mast and effcient maintenance. In Romania, the average period of return on equity (ROE) is about 13 years. However, periods of return on investment may differ signifcantly, depending on the scale of the project, the applied technology, project location and other factors. It should be noted that the project lifespan (which on average is 20 years) and costs pertaining to the modernisation or liquidation of the power plant at the end of the operating period also need to be taken into consideration when analysing investment proftability. Constrngeri poteniale i perspective / Business limitations and prospects 87 1 3 2 4 5 Potrivit Ageniei Federale de Mediu din Austria (Ministerul Mediului) consumul naional brut de energie din Austria a crescut cu 39% fa de anul 1990, ajungnd pn la 1458 PJ n 2010. Principalul motiv care st la baza creterii consumului de energie n aceast perioad este nivelul mai ridicat al cererii fnale de energie, n special n sectoarele de transport (+76%), producie (+47%), uz casnic (+18%) i servicii publice i private (+66%). 71% din consumul naional brut de energie este acoperit de combustibilii fosili: petrolul i produsele petroliere dein o pondere de 38% , n timp ce gazele naturale si cele pe baz de crbune reprezint 24%, respectiv 10%. Din 2001 volumul de energie electric importat n scopul satisfacerii consumului intern a depit n Austria volumul de energie electric exportat. n consecin, creterea ponderii n sectorul energiei regenerabile nu impacteaz favorabil doar mediul nconjurator, ci contribuie, de asemenea, la producia de energie naional n Austria i, n plus, diminueaz dependena Austriei n raport cu preurile de pe piaa mondial a combustibililor fosili precum i fa de importurile de energie electric, n general. Potrivit ultimului raport emis de Agenia Federal de Mediu din Austria, ponderea energiei regenerabile a crescut continuu, pentru a ajunge la 31% din consumul fnal brut de energie n 2010. n conformitate cu Directiva UE 2009/28/EC privind promovarea utilizrii energiei din surse regenerabile, Austria i-a propus s ating obiectivul de 34% pn n anul 2020. Ca parte a Pachetului de Energie i Climat European (care a fost aprobat de catre Parlamentul i Consiliul European n decembrie 2008 i a devenit lege n iunie 2009), Austria s-a angajat, de asemenea, s reduc emisiile din gazele cu efect de ser, care nu fac obiectul schemei de comercializare a certifcatelor privind emisii de gaze cu efect de ser, cu cel puin 16% precum i s-i mbunteasc efciena energetic cu 20%. Pentru atingerea obiectivelor stabilite de Pachetul de Energie i Climat European, Austria a elaborat o strategie intern privind energia. Unul dintre obiectivele principale ale acestei strategii este stabilizarea consumului de energie fnal bazat pe nivelurile din 2005. According to the Austrian Federal Environment Agency (Bundesumweltamt) the gross national consumption of energy in Austria has increased by 39% since 1990 to reach 1,458 PJ in 2010. The main reason for the increase in energy consumption in this period is the higher level of final demand for energy, especially in the sectors of transport (+76%), production (+47%), household (+18%) and public and private services (+66%). 71% of the total gross national consumption of energy is met by fossil fuels: oil and oil products accounted for a share of 38%, while gas and coal accounted for 24% and 10%, respectively. Since 2001 the volume of imported electricity used to meet domestic consumption has exceeded the volume of exported electricity in Austria. Accordingly, the increase in the share of renewable energy not only has an environmental impact it also increases national energy production in Austria and, moreover, reduces Austrias dependence on world market prices for fossil fuels and imports of electricity in general. According to the latest environmental report issued by the Austrian Federal Environment Agency, the share of renewable energy in Austria grew continuously to reach 31% of gross fnal energy consumption in 2010. According to EU Directive 2009/28/EC on the promotion of the use of energy from renewable sources, Austria has committed to reach the target of 34% by the year 2020. As part of the European Climate and Energy Package (which was agreed by the European Parliament and Council in December 2008 and became law in June 2009), Austria has also committed to reducing its greenhouse gas emissions not subject to emissions trading by at least 16% as well as improving energy effciency by 20%. To achieve the objectives of the European Climate and Energy Package, Austria established a domestic Energy Strategy. One of the main goals of the Strategy is the stabilisation of fnal energy consumption based on 2005 levels. Commercial Counselor, Austrian Embassy in Bucharest I N T E R V I E W Constrngeri poteniale i perspective / Business limitations and prospects 88 1 3 2 4 5 Austria are o vast experien n planifcarea, construirea i utilizarea instalaiilor de energie regenerabil. n special, n utilizarea sistemelor termice solare, utilizarea biomasei ca i combustibil i contractarea energiei ca instrument de fnanare, toate reprezentnd exemple de transfer de cunotine la nivel instituional n cadrul parteneriatului de energie ntre Austria i Romnia. Pe baza acestor principii, Austria poate demonstra c o cooperare ntre sectorul public i cel privat, sub forma modelelor PPP, ar putea servi ca baz pentru o industrie energetic efcient n care considerentele de mediu, de securitate a aprovizionarii i de protecie att a consumatorului ct i a producatorului de energie sunt toate compatibile. Companiile austriece de energie au fost primele care au investit n domeniul energiei regenerabile din Romnia. Investitorii austrieci au creat primele centrale termice pe baz de biomas din Romnia, n special n contextul fabricilor din industria de prelucrare a lemnului. Companiile austriece au fost de asemenea primele care s-au implicat n industria eolian din Romnia, construind primele mari centrale eoliene n Dobrogea, n zona Mrii Negre. La mijlocul anului 2012, investitorii austrieci creaser mai mult de 100 MW de capacitate eolian operaional n Romnia. nsa, investitorii trebuie s i asume riscuri mari, o planifcare pe termen lung find extrem de difcil din cauza cadrului legal instabil din Romnia. n concluzie, achiziionarea contractelor de racordare la reeaua de energie pentru noi proiecte n sectorul energiei regenerabile devine din ce n ce mai problematic deoarece reeaua naional de transmisie a energiei ii atinge treptat capacitatea. Austria has extensive experience in the planning, construction and operation of renewable energy plants. In particular, the use of thermal solar systems, the use of biomass as a fuel and energy contracting as a fnancing tool are all examples of knowledge transfer on an institutional level within the framework of the Energy Partnership between Austria and Romania. Based on these principles, Austria is able to help demonstrate that cooperation between the public and the private sector, also in the form of PPP models, could serve as the basis for an effcient energy industry in which environmental considerations, security of supply and consumer and energy producer protection are all compatible. Austrian Energy Companies count as pioneers in the feld of renewable energy in Romania. Austrian investors have established the frst biomass plants in Romania, especially in terms of factories in the wood processing industry. Austrian companies were also the frst to become involved in the Romanian wind industry, building the frst large wind plants in the Dobrogea region in the Black Sea area. As of mid 2012, Austrian investors have been responsible for more than 100 MW of operational wind farm capacity in Romania. However, investors must take great risks, with long term planning being extremely diffcult owing to the unstable legal framework in Romania. In conclusion, procuring contracts for energy grid access for new projects in the renewable energy sector is becoming increasingly problematic as the national power transmission network in Romania reaches its capacity. I N T E R V I E W Alte surse de energie regenerabil 1 3 2 4 5 Alte surse de energie regenerabil / Other renewable energy sources 90 Alte surse de energie regenerabil Energia din surse regenerabile este energia obinut din resurse naturale, care se rentregesc n mod natural. Fr a reprezenta o list exhaustiv, acestea se refer la: vnt, ploaie, maree, surse geotermale. Avnd n vedere avantajele reprezentate de aceste energii din surse regenerabile (E-SRE) i anume poluare mai redus, utilizarea de ctre milioane de gospodrii, rspndirea geografc mare comparativ cu surse tradiionale de energie, schimbrile climatice, creterea preului oelului, criza fnanciar global, guvernele au adoptat reglementri i politici n scopul susinerii acestei industrii. Conform Raportului Anual de Activitate al IHA (Asociaia Internaional de Hidroenergie), proiectele E-SRE n derulare n luna martie 2012 aveau urmtoarele ponderi: Energie hidro Hydropower 40% 39% 5% 16% Energie eolian Wind energy Biomas Biomass Energie solar Solar energy Acest capitol este dedicat E-SRE, excluznd energia eolian: energia solar, provenit din radiaia solar, din care se obine energia electric pe baza technologiei fotovoltaice sau energie termal prin metode de conversie termo-solar; energia hidro este energia produs n centrale cu o capacitate instalat de cel mult 10 MW ("micro hidro energie"), i hidrocentrale cu o capacitate instalat de peste 10 MW ("hidro energie" mare); biomasa reprezint fraciunea biodegradabil a produselor, deeurilor i reziduurilor agricultur, silvicultur sau industrii conexe, inclusiv substane vegetale i animale, dar i deeuri industriale i municipale; energia geotermal este energia stocat sub form de cldur sub stratul solid al suprafeei terestre, exploatat n condiii de efcien. Other renewable energy sources Renewable energy is energy derived from natural resources, which are naturally replenished. Without limitation, these natural resources refer to: sunlight, wind, rain, tides, and geothermal heat. Considering the advantages brought by these E-RES in terms of lower polluting effects and use by million households, wide geographical dispersion as compared to traditional energy, and the climate change concerns, increasing oil prices, the global fnancial crisis, many governments adopted regulations and policies aimed to help the industry weather. According to the Annual Activity Report issued by IHA (International Hydropower Association), the E-RES projects in progress in March 2012 had the following weights: This chapter addresses the other E-RES, excluding wind energy, such as: solar energy, coming from solar radiation, out of which electric energy is obtained based on photovoltaic technology or thermal energy by thermo-solar conversion methods; hydro energy is the energy produced by hydro power with an installed capacity of 10 MW or less ("small hydro energy" category), and hydro power with an installed capacity above 10 MW ("big hydro energy " category); biomass represents the biodegradable fraction of products, wastes from agriculture, forestry or interfacing industrial sectors, including vegetable and animal stuff, and industrial and urban waste too; geothermal energy results out of the energy stored in underground hydrogeothermal deposits and layers, exploited in an effcient manner. S u r s a :
I H A
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S o u r c e :
I H A 1 3 2 4 5 Alte surse de energie regenerabil / Other renewable energy sources 91 n contextul aderrii Romniei la Uniunea European au fost adoptate hotrri pentru ncurajarea exploatrii E-SRE interne n scopul reducerii importurilor i mbuntirii siguranei alimentrii cu energie n condiiile respectrii normelor de protecie a mediului. Strategia de valorifcare a surselor regenerabile de energie adoptat prin HG 1535/2003 defnete tipurile de surse i prezint potenialul energetic al E-SRE din Romnia: Cadrul legislativ naional aplicabil altor E-SRE este acelai ca i pentru energia eolian i anume Legea 220. Validitatea unui CV este tot de 16 luni. Acest act normativ stabilete intele naionale privind ponderea energiei electrice produs din E-SRE n consumul fnal brut de electricitate pentru anii 2010, 2015 i 2020: 33%, 35% i respectiv 38%, inclusiv energie electric obinut n hidrocentrale avnd capaciti instalate care depaesc 10MW. Cotele anuale obligatorii de E-SRE care benefciaz de sistemul de promovare prin certifcate verzi pentru perioada 2010 - 2020 sunt prezentate n tabelul urmtor: In the context of the accession of Romania to EU, decisions have been taken to encourage the exploitation of internal E-RES in order to reduce imports and improving security of energy supply in compliance with environmental rules. The strategy to exploit E-RES adopted through GD 1535/2003 defnes the types of energy sources and the potential of RES in Romania: The legislation applicable to other E-RES is the same as for the wind energy, namely Law 220. The validity of the GCs is 16 months too. This law sets national targets for the share of electricity produced from E-RES in the gross fnal consumption of electricity for the years 2010, 2015 and 2020 are 33%, 35% and 38%, respectively, including electricity produced in hydropower plants with installed capacity of more than 10MW. The mandatory national quotas of E-RES benefting from the support scheme through GCs for the period between 2010 and 2020 are presented in the table below: Sursa regenerabil de energie Potenialul energetic anual Echivalent economic energie (mii tep) Aplicaie Renewable energy source Annual energy potential Energy economic equivalent Application Energie solar / Solar energy: termic / thermal 60x10^6 GJ 1433 Energie termic / Thermal energy fotovoltaic / photovoltaic 1200 GWh 103 Energie electric / Electricity Energie eolian / Wind energy 23000 GWh 1978 Energie electric / Electricity Energie hidro, din care / Hydro energy, out of which: 40000 GWh 3440 Energie electric / Electricity sub / under 10 MW 6000 GWh 516 Energie electric / Electricity Biomas / Biomass 318x10^6 GJ 7597 Energie termic / Thermal energy Energie geotermal / Geothermal energy 7x10^6 GJ 167 Energie termic / Thermal energy An/Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Cota/Quota 8,30% 10,00% 12,00% 14,00% 15,00% 16,00% 17,00% 18,00% 19,00% 19,50% 20,00% S u r s a :
H G
1 5 3 5 / 2 0 0 3
/
S o u r c e :
G D
1 5 3 5 / 2 0 0 3 Sursa: Legea 220 / Source: Law 220 1 3 2 4 5 Autoriti Publice Locale Local Authorities 1 Certifcat Urbanism City Planning Certifcate 2.1 Aviz amplasament / Site approval 2.2 Studiu de soluie / Feasibility study 2.3 Aviz tehnic de racordare / Technical connection permit 6.1 ncheiere contract racordare / Connection Agreement 6.2 Punere sub tensiune capaciti de producie / Power-up the production line 7. Autorizaie de mediu / Environmental permit 8. Licen producer / Operational licence 5 Autorizaie de construire / Building permit 3. Acord mediu / Environmental approval 4. Autorizaie de nfinare / Setting-up authorization Operatorii de reea Network Operators Autoriti de protecie a mediului Environmental Authorities ANRE Alte surse de energie regenerabil / Other renewable energy sources 92 Etapele realizrii si punerii n funciune a unei capaciti de producere utiliznd E-SRE conform Planului Naional de Aciune n Domeniul Energiei din Resurse Regenerabile 15
(PNAER) sunt urmtoarele: Acelai act normativ stabilete perioada de aplicare a sistemului de promovare a energiei electrice produse din E-SRE, inclusiv pentru energia electric produs pe perioada de prob, n baza deciziei de acreditare emise de ANRE, dac punerile n funciune, respectiv retehnologizrile se realizeaz pn la sfritul anului 2016, astfel: 15 ani, pentru energia electric produs n grupuri sau centrale electrice noi, din energie hidraulic utilizat n centralele cu o putere instalat de cel mult 10 MW, energie eolian, energie solar, energie geotermal, biomas, biolichide, biogaz i din gaz de fermentare a deeurilor; 10 ani, pentru energia electric produs n grupuri din centrale hidroelectrice cu putere instalat de cel mult 10 MW, retehnologizate; 3 ani, pentru energia electric produs n grupuri din centrale hidroelectrice cu putere instalat de cel mult 10 MW, retehnologizate. 15 Legea 220/2008 defnete Planul naional de aciune planul prin care se stabilesc intele naionale privind ponderea energiei din surse regenerabile consumat n transporturi, energie electric, nclzire i rcire n anul 2020, innd seama de efectele msurilor altor politici privind efciena energetic asupra consumului fnal de energie i msurile care trebuie adoptate pentru atingerea respectivelor obiective naionale globale. The phases of a production facility using RES according to the National Renewable Energy Action Plan (Planul Naional de Aciune n Domeniul Energiei din Surse Regenerabile 15 - PNAER) are as follows: Law 220 also sets the duration while the support scheme shall apply, including trial periods, upon accreditation by ANRE, provided that RES technologies are commissioned, respectively the refurbishments are made by the end of 2016, as follows: 15 years, for E-RES out of wind, solar, geothermal energy, biomass, bioliquids biogas, gas from waste, hydro energy produced in units with installed power of 10 MW or less; 10 years, for E-RES produced in hydro power units with installed capacity of 10 MW or less, refurbished; 3 years, for E-RES produced in hydro power units with installed capacity of 10 MW or less, not refurbished. 15 Law nr.220 defnes the National Renewable Energy Action Plan (Planul naional de aciune) plan through which the national targets are set regarding the share of E-RES used in transportations, electric power, heating and cooling in 2020, taking into account the effects of other poli- cies regarding the energetic effciency on fnal energy consumption and measures that must be adopted to fullfl the respective global national objectives. S u r s a :
P N A E R
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S o u r c e :
P N A E R 1 3 2 4 5 Alte surse de energie regenerabil / Other renewable energy sources 93 Totodata Legea 220 prevede c acest sistem de promovare nu se aplic pentru: energia electric produs din combustibil care provine din biomas, deeuri industriale i/sau municipale achiziionate din import, indiferent de puterea instalat a centralei electrice; energia electric produs n centrale cu acumulare prin pompaj din ap pompat anterior n bazinul superior; energia electric produs n centrale electrice care utilizeaz surse regenerabile i convenionale de energie n aceeai instalaie de ardere dac coninutul energetic al combustibilului convenional utilizat depete 10% din coninutul energetic total; energia electric aferent consumului propriu tehnologic al centralei. Numrul de CV pentru 1 MWh produs, precum i nivelul de rentabilitate prevzute de Legea 220 sunt prezentate, pe fecare categorie de E-SRE n tabelul urmtor: Further, Law 220 stipulates that this support scheme does not apply for: electricity out of fuel out of biomass, imported industrial and/or urban waste, regardless the installed power of that plant; electricity produced in power plants by pumping water priorly pumped in the upper basin; electricity produced in power plants using renewable or conventional energy sources in the same combustion installation if the energy substance of the conventional fuel used exceeds 10% of the total energy content; electricity for the own consumption. The number of GCs for 1 MWh produced, as well as the level of proftability stipulated by Law 220 are presented for each E-RES category in the table below: SRE Numar CV / RIR (%) Supracompensare (%) RES GC number IRR (%) Overcompensation level (%) Hidraulic / Hydraulic (cu o capacitate instalat de cel mult 10MW / with an installed capacity of 10 MW or less) 3, pentru centrale noi puse n funciune dup 1 ianuarie 2004 / for new plants commissioned after 1 January 2004; 2, pentru centrale retehnologizate / for refurbished plants: 0,5, pentru centrale puse n funciune nainte de 1 ianuarie 2004 / commissioned before 1 January 2004 10.2, pentru centrale noi / 10,2 for new plants; 10,3, pentru centrale retehnologizate / for refurbished plants 17.7, altele / 17,7 other 11.22, pentru centrale noi / 11,22 for new plants; 11.33, pentru centrale retehnologizate / 11,33 for refurbished plants; 19.47, altele / 19,47 other Eolian / Wind 2, pn n / until 2017; 1, dup / after 2017 10.9, pentru centrale noi / 10,9 new plants; 9.19, altele / 9,19 other 11.99, pentru centrale noi / 11,99 new plants; 10.109, altele / 10,109 other Solar / Solar 6 11.5 / 11,5 12.65 / 12,65 Geotermal / Geothermal 2 no indication no indication Biomas / Biomass 2 -11.8 / 11,8 12.98 / 12,98 Biolichide / Bioliquids 2 no indication no indication Biogay / Biogas 2 no indication no indication Gaz de fermentare a deeurilor / Gas from waste 1 no indication no indication Gaz de fermentare a nmolurilor din instalaiile de epurare a apelor uzate / Gas from waste water treatment 1 -11.8 / 11,8 12.98 / 12,98 1 3 2 4 5 Alte surse de energie regenerabil / Other renewable energy sources 94 Cota estimat de achiziie de CV stabilit pentru anul 2012, recalculat de ctre ANRE dup trimestrul I al anului 2012 este de 0,126 CV/MWh, corespunztor unui consum fnal estimat la 47.500 GWh (n ipoteza unei creteri de 1,5% fa de valoarea consumului fnal de energie electric realizat n 2011). Numrul prognozat de CV a f emise n 2012 este de 6.000.000. Conform prevederilor HG 750, capacitile noi de E-SRE care urmeaz s fe puse n funciune n perioada 2011 - 2015, cu o capacitate total instalat de 798 MW pentru energia electric i respectiv 3.527,8 mii tep (energie termic). E-RES n 2011 a reprezentat doar 2,5% din consumul fnal brut de energie electric, sub nivelul de 10% valoare stabilit legal pentru acest an. Capacitatea electric instalat n unitile de producie E-SRE n 2011 a fost de 597,6 MW. La sfritul anului 2011, capacitatea electric cumulate instalat n unitile de producie E-SRE a fost de 1.134,302 MW, astfel: Conform Raportului de Monitorizare a sistemului de promovare a E-SRE n anul 2011, ntocmit de ANRE n iunie 2012, din totalul de 90 de productori de E-SRE titulari de licen, 82 au benefciat de sistemul de promovare prin CV, astfel: 42 utilizeaz energie eolian, 32 utilizeaz energie hidro, 4 utilizeaz biomasa i 4 utilizeaz energie fotovoltaic. Totodat, producia de E-SRE n 2011 a fost de 16.142 MWh, reprezentnd 31,72% din consumul brut de energie electric, din care 1.509 MWh au benefciat de sistemul de promovare prin CV. Tabelul urmtor prezint evoluia gradului de realizare al intei naionale de E-RES n consumul brut de energie electric: The 2012 GC quota to be acquired that has been revised by ANRE after the frst quarter of 2012 and is of 0.126 GC/MWh, corresponding to an estimated fnal consumption of 47,500 GWh (an increase of 1.5% has been considered as compared to the 2011 fnal E-RES consumption). The forecasted number of GCs to be issued in 2012 is of 6,000,000. As per the provisions of GD 750, new E-RES production facilities are to be commissioned in the period 2011 through 2015, with a total installed capacity of 798 MW for the electricity and 3,527.8 tep thousand (heating power plants), respectively. The 2011 E-RES represented only 2.5% in the fnal gross energy consumption, below the 10% level set for this year. The installed E-RES capacity in 2011 was of 597.6 MW. By the end of 2011, the total E-RES installed capacity amounted to 1,134.302 MW, as follows: According to the Monitoring Report of E-RES for the year 2011, issued by ANRE in June 2012, out of the 90 E-RES producers, 82 benefted from GCs support scheme, as follows: 42 used wind, 32 hydro, 4 biomass and 4 photovoltaic energy. Further, the 2011 E-RES production was of 16,142 MWh, representing 31.72% of the gross consumption and of which 1,509 MWh benefted from the GCs support scheme. The table below presents the share of E-RES in the fnal gross consumption as compared to the national targets: 60% 38% 2% Energie hidro Hydropower Energie eolian Wind energy Biomas Biomass Energie solar Solar energy S u r s a :
A N R E
/
S o u r c e :
A N R E 0% 0% 5% 5% 45% 10% 10% 50% 15% 15% 55% 20% 20% 60% 25% 25% 65% 85% 30% 30% 70% 90% 35% 35% 75% 95% 40% 40% 80% 100% 2005 2006 2007 2008 2009 2010 2011 1 3 2 4 5 3 5 , 8 % 3 1 , 6 % 2 7 , 3 % 2 8 , 3 % 2 8 , 2 % 3 0 , 8 % 3 1 , 7 % 86,6% 84,8% 85,5% 86,2% 85,5% 93,39% 94,97% Alte surse de energie regenerabil / Other renewable energy sources 95 La sfritul lunii mai 2012, situaia avizelor i a contractelor de racordare era urmtoarea: ponderea E-SRE n consumul brut de energie electric (%) E-RES share in gross electricitz consumption (%) gradul de ndeplinire al intei naionale propuse pentru anul 2010, respectiv 2011 achievement rate of national target proposed for years 2010 and 2011 Sursa Aviz tehnic de racordare Contract de racordare Source Technical connection permits (MW) Connection agreements (MW) Eolian / Wind 8923 12072 Fotovoltaic / Photovoltaic 471 335 Micro-hidro / Micro hydro 252 157 Biogaz / Biogas 18 3.6 Biomasa / Biomass 53 29 By the end of May 2012, the total capacity approved under technical connection permits and connection agreements was as follows: S u r s a :
A N R E
/
S o u r c e :
A N R E S u r s a :
T r a n s e l e c t r i c a
S A
/
S o u r c e :
T r a n s e l e c t r i c a
S A 1 3 2 4 5 71
Biomasa / Biomass 53 29
Sursa: Transelectrica SA
ENERGIA SOLAR Energia solar este energia provenit de la soare sub forma radiaiei solare. Generarea energiei electrice solare se bazeaz pe metode fotovoltaice i termo solare. Technologiile corespunztoare sunt n linii mari caracterizate ca activ sau pasiv utilizatoare de energie solar, funcie de modul de captare, conversie i distribuie a energiei solare. Technicile activ solare includ folosirea panourilor fotovoltaice i a captatorilor solar termali pentru exploatarea energiei. Technicile pasiv solare includ orientarea unei cldiri ctre soare, selectarea materialelor cu potenial termal favorabil sau proprietile de dispersie ale luminii i desemnarea ariilor care circul aerul n mod natural. Conform datelor EUROSTAT pentru 2010, energia solar n rile UE a fost urmtoarea: Solar energy 2010 (toe) 0 200 400 600 800 1.000 1.200 1.400 1.600 B e l g i u m B u l g a r i a C z e c h D e n m a r k G e r m a n y E s t o n i a I r e l a n d G r e e c e S p a i n F r a n c e I t a l y C y p r u s L a t v i a L i t h u a n i a L u x e m b o u r g H u n g a r y M a l t a N e t h e r l a n d s A u s t r i a P o l a n d P o r t u g a l R o m a n i a S l o v e n i a S l o v a k i a F i n l a n d S w e d e n U K
Sursa: EUROSTAT
Conform studiului ntocmit de ICEMENERG, n privina radiaiei solare, ecartul lunar al valorilor de pe teritoriul Romniei atinge valori maxime n luna iunie (1.49 kWh/m2/zi) i valori minime n luna februarie (0.34/kWh m2/zi). Conform aceleiai surse, avnd n vedere distribuia fluxurilor medii anuale ale energiei solare incidente pe suprafaa orizontal pe teritoriul Romniei, au fost identificate cinci zone. Cel mai ridicat potenial acoper Dobrogea i o mare parte din Cmpia Romn, unde intensitatea radiaiei solare depete 1350 kWh/m2/an), urmat de nordul Cmpiei Romne, Podiul Getic, Subcarpaii Olteniei i Munteniei i o bun parte din Lunca Dunrii, sudul i centrul Podiului Moldovenesc, Cmpia i Dealurile Vestice i vestul Podiului Transilvaniei, unde intensitatea radiaiei solare se situeaz ntre 1.300 and 1.400 MJ/m2. n general, mai mult de 50% din teritoriul Romniei beneficiaz de un flux de energie mediu anual de 1.275 kWh/ m2. Alte surse de energie regenerabil / Other renewable energy sources 96 1. Energia solar Energia solar este energia provenit de la soare sub forma radiaiei solare. Generarea energiei electrice solare se bazeaz pe metode fotovoltaice i termo solare. Technologiile corespunztoare sunt n linii mari caracterizate ca activ sau pasiv utilizatoare de energie solar, funcie de modul de captare, conversie i distribuie a energiei solare. Technicile activ solare includ folosirea panourilor fotovoltaice i a captatorilor solar termali pentru exploatarea energiei. Technicile pasiv solare includ orientarea unei cldiri ctre soare, selectarea materialelor cu potenial termal favorabil sau proprietile de dispersie ale luminii i desemnarea ariilor care circul aerul n mod natural. Conform datelor EUROSTAT pentru 2010, energia solar n rile UE a fost urmtoarea: 1. Solar energy Solar energy is the energy derived from the sun through the form of solar radiation. Solar powered electrical generation relies on photovoltaics and heat engines. Solar technologies are broadly characterized as either passive solar or active solar depending on the way they capture, convert and distribute solar energy. Active solar techniques include the use of photovoltaic panels and solar thermal collectors to harness the energy. Passive solar techniques include orienting a building to the sun, selecting materials with favorable thermal mass or light dispersing properties, and designing spaces that naturally circulate air. As per the EUROSTAT data for 2010, the energy derived from solar sources by the EU countries was as follows: Conform studiului ntocmit de ICEMENERG, n privina radiaiei solare, ecartul lunar al valorilor de pe teritoriul Romniei atinge valori maxime n luna iunie (1.49 kWh/m2/zi) i valori minime n luna februarie (0.34/kWh m2/zi). Conform aceleiai surse, avnd n vedere distribuia fuxurilor medii anuale ale energiei solare incidente pe suprafaa orizontal pe teritoriul Romniei, au fost identifcate cinci zone. Cel mai ridicat potenial acoper Dobrogea i o mare parte din Cmpia Romn, unde intensitatea radiaiei solare depete 1350 kWh/m2/an), urmat de nordul Cmpiei Romne, Podiul Getic, Subcarpaii Olteniei i Munteniei i o bun parte din Lunca Dunrii, sudul i centrul Podiului Moldovenesc, Cmpia i Dealurile Vestice i vestul Podiului Transilvaniei, unde intensitatea radiaiei solare se situeaz ntre 1.300 and 1.400 MJ/m2. n general, mai mult de 50% din teritoriul Romniei benefciaz de un fux de energie mediu anual de 1.275 kWh/ m2. According to the study made by ICEMENERG, the current RES regarding solar radiation, the monthly gap in Romania is maximum in June (1,49 kWh/sqm/ day) and minimum in February (0,34 kWh/sqm/day). As per the same source, considering the distribution of the annual average solar fuxes on the Romanian territory, fve areas have been identifed. Of utmost interest for the solar energy is the area of Dobrogea and the majority part of Romanian Plane, where the solar radiation intensity exceeds 1350 kWh/sqm/year), followed by the northern part of the Romanian Plane, Piedmont Plateau (Podiul Getic), Subcarpathians in Oltenia and Muntenia regions, the majority part of the Danube meadow, southern and central parts of the Moldavian Plateau, western plane and hills and western part of the Transylvanian Plateau, where the solar radiation intensity is in between 1,300 and 1,400 MJ/ sqm. Overall, more than 50% of the Romanian territory benefts from an annual average solar energy of 1,275 kWh/sqm. S u r s a :
E U R O S T A T
/
S o u r c e :
E U R O S T A T 1 3 2 4 5 72
ENERGIA GEOTERMAL
Studiile geotermale prin msurtori ale temperaturii au permis elaborarea de hri geotermice pentru pentru ntregul teritoriu al Romniei, evideniind distribuia temperaturii la adncimi de 1, 2, 3 i 5 km, conform studiului ICEMENERG. Aceeai surs indic drept zone favorabile pentru concentrarea resurselor geotermale suprafeelele circumscrise de 60 - 120 grade C (pentru exploatarea apelor geotermale n vederea producerii de energie termic) i suprafee n care temperatura la 3 km adncime depete 140 grade C (zone poteniale pentru exploatarea energiei geotermice n vederea producerii de energie electric).
Conform ICEMENERG, zonele unde apele geotermale subterane sunt utilizate n scopul nclzirii (cu o temperatur la emergen de 60 - 120 grade Celsius) sunt n marea lor majoritate localizate n nord-vestul rii.
ENERGIA HIDRO Conform datelor EUROSTAT pentru 2010, energia hidro n rile UE a fost urmtoarea:
Hydro power 2010 (toe) 0 1.000 2.000 3.000 4.000 5.000 6.000 B e l g i u m B u l g a r i a C z e c h D e n m a r k G e r m a n y E s t o n i a I r e l a n d G r e e c e S p a i n F r a n c e I t a l y C y p r u s L a t v i a L i t h u a n i a L u x e m b o u r g H u n g a r y M a l t a N e t h e r l a n d s A u s t r i a P o l a n d P o r t u g a l R o m a n i a S l o v e n i a S l o v a k i a F i n l a n d S w e d e n U K
Sursa: EUROSTAT Energia hidro reprezint sursa cea mai important de energie regenerabil din Romnia (n conformitate cu cerinele UE). Conform Studiului privind evaluarea potenialului energetic actual al surselor regenerabile de energie n Romania realizat de ICEMENERG, rurile cu cel mai mare potenial microhidroenergetic ale Romniei sunt Olt, Mure i Tisa-Some. BIOMASA Biomasa reprezint o resurs regenerabil de energie care provine de la soare i din deeuri urbane, substane materiale i deeuri animale. Biomasa se poate regenera ntr-o perioad relativ scurt de timp. Principalele metode de folosire a plantelor pentru obinerea energiei sunt: cultivarea plantelor pentru uzul specific energetic i utilizarea deeurilor din plante care sunt folosite n alte scopuri. Conform datelor EUROSTAT pentru 2010, biomasa n rile UE a fost urmtoarea: Alte surse de energie regenerabil / Other renewable energy sources 97 Energia hidro reprezint sursa cea mai important de energie regenerabil din Romnia (n conformitate cu cerinele UE). Conform Studiului privind evaluarea potenialului energetic actual al surselor regenerabile de energie n Romania realizat de ICEMENERG, rurile cu cel mai mare potenial microhidroenergetic ale Romniei sunt Olt, Mure i Tisa-Some. 2. Energia geotermal Studiile geotermale prin msurtori ale temperaturii au permis elaborarea de hri geotermice pentru pentru ntregul teritoriu al Romniei, evideniind distribuia temperaturii la adncimi de 1, 2, 3 i 5 km, conform studiului ICEMENERG. Aceeai surs indic drept zone favorabile pentru concentrarea resurselor geotermale suprafeelele circumscrise de 60 - 120 grade C (pentru exploatarea apelor geotermale n vederea producerii de energie termic) i suprafee n care temperatura la 3 km adncime depete 140 grade C (zone poteniale pentru exploatarea energiei geotermice n vederea producerii de energie electric). Conform ICEMENERG, zonele unde apele geotermale subterane sunt utilizate n scopul nclzirii (cu o temperatur la emergen de 60 - 120 grade Celsius) sunt n marea lor majoritate localizate n nord-vestul rii. 3. Energia hidro Conform datelor EUROSTAT pentru 2010, energia hidro n rile UE a fost urmtoarea: Hydro energy represents the most signifcant E-RES in Romania (as per the UE requirements). According to the study performed by ICENEMERG, the greatest micro hydro energy potential is represented by the rivers Olt, Mure and Tisa- Some. 2. Geothermal energy The geothermal studies by measuring the temperature enabled the drafting of geothermal maps for Romania, marking out the distribution of the temperature at deeps of 1, 2, 3 and 5 km, according to a study performed by ICEMENERG. Further, the same source indicates as advantageous zones where geothermal resources are concentrated in described areas of 60 to 120 Celsius degrees (for exploiting geothermal waters for producing thermal energy) and areas in which the temperature at 3 km deep exceeds 140 Celsius degrees (potential areas for exploiting geothermal energy in view of producing electricity). As per ICEMENERG, the zones where the underground geothermal waters are used for heating purposes (with a temperature at emergence of 60 to 120 Celsius degrees) are mostly located in the north-western part of the country. 3. Hydro energy As per the EUROSTAT data for 2010, the hydro energy by the EU countries was as follows: S u r s a :
E U R O S T A T
/
S o u r c e :
E U R O S T A T 1 3 2 4 5 73
Biomass and renewable wastes 2010 0 5.000 10.000 15.000 20.000 25.000 30.000 B e l g i u m B u l g a r i a C z e c h D e n m a r k G e r m a n y E s t o n i a I r e l a n d G r e e c e S p a i n F r a n c e I t a l y C y p r u s L a t v i a L i t h u a n i a L u x e m b o u r g H u n g a r y M a l t a N e t h e r l a n d s A u s t r i a P o l a n d P o r t u g a l R o m a n i a S l o v e n i a S l o v a k i a F i n l a n d S w e d e n U n i t e d
Sursa: EUROSTAT Biomasa constituie pentru Romnia, o surs regenerabil de energie, promitoare, att din punct de vedere al potenialului, ct i din punct de vedere al posibilitilor de utilizare. Conform Ministerului al Agriculturii si Dezvoltrii Rurale, Romnia are un potenial agricol foarte bun, deorece se cultiv pe scar larg materiile prime folosite n producia de biogaze i biolichide (floarea soarelui, rapi, soia, porumb, sfecl de zahr si sorg zaharat, salcie energetic, Miscanthus, Cynara). Conform aceleiai surse, ara noastr are un potenial extraordinar de biomas (n jur de 7,6 million tep/an, aproximativ 318 PJ):
Sursa: INCDA Fundulea Alte surse de energie regenerabil / Other renewable energy sources 98 4. Biomasa Biomasa reprezint o resurs regenerabil de energie care provine de la soare i din deeuri urbane, substane materiale i deeuri animale. Biomasa se poate regenera ntr-o perioad relativ scurt de timp. Principalele metode de folosire a plantelor pentru obinerea energiei sunt: cultivarea plantelor pentru uzul specifc energetic i utilizarea deeurilor din plante care sunt folosite n alte scopuri. Conform datelor EUROSTAT pentru 2010, biomasa n rile UE a fost urmtoarea: Biomasa constituie pentru Romnia, o surs regenerabil de energie, promitoare, att din punct de vedere al potenialului, ct i din punct de vedere al posibilitilor de utilizare. Conform Ministerului al Agriculturii si Dezvoltrii Rurale, Romnia are un potenial agricol foarte bun, deorece se cultiv pe scar larg materiile prime folosite n producia de biogaze i biolichide (foarea soarelui, rapi, soia, porumb, sfecl de zahr si sorg zaharat, salcie energetic, Miscanthus, Cynara). Conform aceleiai surse, ara noastr are un potenial extraordinar de biomas (n jur de 7,6 million tep/an, aproximativ 318 PJ): 4. Biomass Biomass is a renewable energy source derived from the sun and urban waste, plant material and animal waste. Biomass can re-grow over a relatively short period of time. The main approaches to using plants for energy production are: growing plants specifcally for energy use; and using the residues from plants that are used for other things. As per the EUROSTAT data for 2010, the biomass energy by the EU countries was as follows: For Romania, biomass represents an important RES, both in terms of potential and utilization possibilities. As per the Romanian Ministry of Agriculture and Rural Development, Romania has a signifcant agricultural potential as raw materials used in the production of biofuels and bioliquids are widely cultivated (sunfower, rape, soya, corn, sugar cane or sorghum, energetic willow, Miscanthus, Cynara). As per the same source, Romania has a high biomass potential (around 7.6 million tep/year, which approximates 318 PJ): 63% 16% 8% 6'% 7% deeuri agricole (cereale, resturi vegetale .a.) agricultural waste (cereal, vegetable scraps etc.) reziduuri din exploatri forestiere i lemn de foc forestry waste and frewood deeuri de lemn-rumegu i alte resturi de lemn wood dust waste and other wood waste deeuri i reziduuri menajere urbane urban waste and household waste reziduuri din fermele zootehnice waste from livestock farms S u r s a :
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F u n d u l e a Lista Abrevierilor / List of Acronyms Lista Abrevierilor ATR Avizul Tehnic de Racordare AEEE Asociaia European a Energiei Eoliene AELS Asociaia European a Liberului Schimb AREE Asociaia Romn pentru Energie Eolian ANRE Autoritatea Naional de Reglementare n domeniul Energiei BCR Banca Comercial Romn BEI Banca European de Investiii BERD Banca Romn de Reconstrucie i Dezvoltare CAE Contracte de Achiziie a Energiei CE Comisia European CGEE Consiliul Global al Energiei Eoliene CSP Energie Solar Concentrat CV Certifcate verzi EAFRD Fondul European Agricol pentru Dez voltare Rural ECE Europa Central i de Est EIA Evaluarea impactului asupra mediului ERDF Fondul de Dezvoltare Regional European E-SRE Energia din resurse regenerabile EUR Euro FACC Catalog de Clasifcare a Activelor Fixe IFC Corporaia Financiar Internaional IHA Asociaia Internaional de Hidroenergie GW Gigawatt HG Hotrre de Guvern M - Metru m/s Metri/secund MW Megawatt MWh Megawatt or NCC Noul Cod Civil al Romniei OCDE Organizaia pentru Cooperare i Dezvoltare Economic ONG Asociaie Non-Guvernamental OPCOM SA Operatorul pieei de energie electric din Romnia OTS Transelectrica SA, operatorul de transport i de sistem PIB Produsul Intern Brut PIE Productorii Independeni de Energie PNAER Planul Naional de Aciune n Domeniul Energiei din Surse Regenerabile SAC Arii speciale de conservare SCI Situri de importan Comunitar pSCI Poteniale Situri de Importan Comunitar SEA Evaluare Strategic de Mediu SEE Spaiul Economic European SPA Arii de Protecie Special Avifaunistice PUD Plan Urbanistic de Detaliu PUG Plan Urbanistic General PUZ Plan Urbanistic Zonal PZU Piaa pentru ziua urmtoare RIR Rata intern de rentabilitate ROE Rentabilitatea Capitalului Propriu RON - Lei romneti TVA Taxa pe valoarea adugat TWh Tera-watt or UCL Unicredit Leasing Corporation UE Uniunea European USD Dolari americani ATR Technical Connection Permit EWEA European Wind Energy Association EFTA European Free Trade Association RWEA Romanian Wind Energy Association ANRE Romanian Energy Regulatory Authority BCR Romanian Commercial Bank EIB European Investment Bank EBRD European Bank for Reconstruction and Development PPA Power Purchase Agreements EC European Commission RTC Romanian Tax Code GWEC Global Wind Energy Council CSP Concentrated Solar Power GC Green certifcates EAFRD the European Agricultural Fund for Rural Development CEE Central and Eastern Europe EIA Environmental Impact Assessment ERDF The European Regional Development Fund E-RES Energy from renewable energy sources EUR Euro FACC Fixed Assets Classifcation Catalogue IFC International Finance Corporation IHA International Hydropower Association GW Gigawatt GD Governmental Decision M - Meter m/s Meters/second MW Megawatt MWh Megawatt hour OECD Organization for Economic Cooperation and Development NGO Non-governmental Organization OPCOM SA Romanian power market operator TSO Transelectrica SA, transport and system operator GDP Gross Domestic Product IPP Independent Power Producers NREAP National Renewable Energy Action Plan SAC Special Area of Conservation SCI Sites of Community Importance pSCI Potential Areas of Signifcance for the Community SEA Strategic Environmental Assessment EEA European Economic Area SPA Special Protection Areas PUD Detailed Urban Plan PUG General Urban Plan PUZ Local Urban Plan DAM Day-ahead market IRR Internal Rate of Return ROE Return on Equity RON - Romanian Lei VAT Value added tax TWh - Tera-watt hour UCL Unicredit Leasing Corporation EU European Union USD United States Dollars List of Acronyms TPA Horwath is an international consultancy, accounting and audit frm. Our core services include accounting, payroll, auditing, fnancial and tax consulting, legal consulting, all of which are provided by a young and dynamic team of 85 consultants. The Romanian office of TPA Horwath was set up to offer an integrated solution that meets the needs of foreign investors in Romania in terms of higher quality consulting, and a quality multidisciplinary practice that optimises foreign investors access to the Romanian market. The TPA Horwath Group, which is based in Vienna, Austria, acts both locally and globally. Its 11 offices in Austria are complemented by 9 other country offices in the CEE region: Bulgaria, Croatia, Czech Republic, Hungary, Poland, Serbia, Slovakia, Slovenia and Romania. TPA Horwath regional network assists clients with their expansion plans and meets clients regional and global needs. With over 1,000 professionals in 10 countries, TPA Horwath is one of the leading advisory groups in the region. TPA Horwath is a member of Crowe Horwath International, a worldwide association of legally independent tax consultants, auditors and business consultants. This network has 150 members with over 650 offces and approximately 28,000 employees and is one of the Top Ten consultancy networks worldwide. Asociaia Romn pentru Energie Eolian este o organizaie non-guvernamental ce sprijin i promoveaz dezvoltarea energiei eoliene. Scopul su este acela de a crea condiii favorabile pentru investiiile n domeniul energiei eoliene din Romnia i pentru extinderea durabilitii n ceea ce privete utilizarea energiei eoliene ca surs regenerabil a electricitii. Bazele Asociaiei au fost puse de un grup de persoane interesate de implementarea tehnologiei eoliene n Romnia i este una dintre cele mai efciente organizaii cu putere de infuen asupra conturrii unui cadru legislativ adecvat pentru a permite dezvoltarea i exploatarea surselor de energie regenerabil din Romnia, n special a energiei eoliene. Printre cei 128 de membri ai Asociaiei, se numr companii de top active pe piaa romneasc a energiei eoliene: investitori, dezvoltatori, productori de turbine i componente, att din Romnia ct i din strintate. TPA Horwath este o frm internaional de consultan, contabilitate i audit. Serviciile oferite de ctre o echip tnr i dinamic de 85 de consultani, includ contabilitate, servicii privind resurse umane i salarizare, audit fnanciar, consultan fscal i juridic. TPA Horwath Romnia ofer o abordare integrat a nevoilor investitorilor strini, specifc mediului de afaceri din Romnia, pentru o mai bun calitate a consultanei, dar i pentru o practic multidisciplinar de calitate, n scopul optimizrii accesului investitorilor strini pe piaa romneasc. TPA Horwath, cu sediul central la Viena, n Austria, este un grup ce si desfoar activitatea de la nivel local la nivel global. Cele 11 birouri regionale din Austria sunt completate de 9 birouri naionale din rile Europei Centrale i de Est: Bulgaria, Croaia, Republica Ceh, Ungaria, Polonia, Serbia, Slovacia, Slovenia i Romnia. Aceast reea regional a TPA Horwath, asist clienii n planurile lor de dezvoltare i rspunde cerinelor regionale i globale. Cu mai mult de 1.000 de profesioniti n cele 10 ri, TPA Horwath este un lider al consultanei n regiune. TPA Horwath este membru al reelei Crowe Horwath International, o asociere global de frme independente de consultan fscal, audit i consultan n afaceri. Asocierea cuprinde 150 de membri, 650 de birouri i n jur de 28.000 de anagajai, clasndu-se printre cele mai importante zece reele de consultan din lume. Fondat n 1950 n Viena, Schoenherr a devenit una dintre cele mai importante case de avocatur din Austria i Europa Central i de Est i este una dintre puinele case de avocatur din Europa care a dezvoltat o reea de birouri n Europa Central i de Est. Astzi, jumtate din cei 310 avocai ai Schoenherr lucreaz n birourile din afara Austriei. Schoenherr a debutat n Bucureti (actualmente Schoenherr i Asociaii SCA) n 1996, find la acea vreme una dintre primele case de avocatur care a implementat n Romnia standarde calitative occidentale de consultan juridic. De-a lungul anilor, Schoenherr i Asociaii SCA a fost implicat n numeroase proiecte de anvergur i a acordat asisten n probleme de natur juridic din cele mai variate. Se impune a f menionate achiziiile unor mari companii din industria grea sau industria alimentar, precum i proiecte de anvergur n domeniul consultanei juridice i al litigiilor n dezvoltarea unor importante reele de staii de distribuie de carburani ori de supermarketuri de ctre corporaii multinaionale. Schoenherr este una din primele 10 case de avocatur de afaceri din Romania (conform cotidianului Ziarul Financiar, martie 2012). Schoenherr was founded in 1950 in Vienna and has grown to become a leading corporate law frm in Austria and Central and Eastern Europe. Operating through offces in Belgrade, Bratislava, Brussels, Bucharest, Budapest, Kyiv, Ljubljana, Prague, Sofa, Vienna, Warsaw and Zagreb (cooperation offce), Schoenherr is a truly European frm. Today, about half of the frms 310 lawyers are based in offces outside Austria. In Romania, Schoenherr started its operations in 1996, being at the time among the frst law frms offering legal services at Western quality standards. Throughout the years, Schoenherr i Asociaii has been involved in projects of the biggest magnitude and offered legal solutions to problems of the most diverse types. The frm assisted the acquisitions of important companies in the heavy industry or food and beverage. Also, its team of lawyers advised multinational corporations on the development of supermarket chains or fuel distribution stations. Today, Schoenherr is among the top 10 law frms in Romania (according to the Romanian business daily newspaper Ziarul Financiar, March 2012). The Romanian Wind Energy Association is a non- governmental organization supporting and promoting wind power development. Its aim is to create favourable conditions for investing in wind power in Romania and for sustainable increase in use of wind energy as clean source for generation of electricity. The Association has been established by a group of people interested in implementation of wind power technologies in Romania. It is one of the most effective organizations lobbying for creation of a suitable legal framework allowing for development and operation of renewable energy sources in Romania, in particular of wind power. Among 128 members of the Association there are leading companies active on the wind power market in Romania: investors, developers, turbine and components manufacturers, both from Romania and abroad. Cristina Petrescu Partner cristina.petrescu@tpa-horwath.ro Monica Cojocaru Attorney at law m.cojocaru@schoenherr.eu Klaus Krammer Partner klaus.krammer@tpa-horwath.ro Simona Chirica ph.d. Attorney at law s.chirica@schoenherr.eu Claudia Stanciu-Stnciulescu Partner claudia.stanciu@tpa-horwath.ro Anca Velicu Attorney at law a.velicu@schoenherr.eu TPA Horwath