Bulgaria FIT cut is part of 'crush renewables' plan, says wind head

Bulgaria’s 22% reduction in feed-in tariffs for the wind sector is part of a “concerted effort to crush the renewable energy business”, the head of the country's wind industry body tells Recharge.

“This random reduction that is not backed by data removes all predictability from the regulator’s future tariff revisions,” claims Sebastian Noethlichs, executive director of the Bulgarian Wind Power Association.

He adds that the support cut, which was approved in June, is aggravated by a law that passed parliament yesterday allowing Bulgaria’s regulator to revise tariffs whenever an element of the power-pricing equation is deemed to have changed by more than 10%.

Tariff revision was previously carried out once a year.

“This effectively now puts all investors and developers at the mercy of Log in to read complete article.

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