CEZ makes first million euros in one month from green certificates produced by wind in Fântânele
The investment of Czech Republic's CEZ energy group in the
Fântânele wind farm is starting to generate the first money. In
August alone, the energy generated by the less than 90 wind mills
installed at that moment brought the Czech firm around 1m euros
from the green certificates it received. In a complete operational
year, though, the Czech firm would make around 42m euros from green
certificate with the 139 turbines of Fântânele.
"In August, actually the first month when we started receiving
green certificates, we produced 18 GWh of energy through the
turbines that were operational at that time. In August, we had less
than 90 turbines installed," stated Adrian Borotea, corporate
affairs manager with CEZ Romania.
The green certificates besides mandatory quotas on renewable energy
are the mechanism by which investments in energy production from
renewable sources are supported in Romania.
For the time being, in Romania, for each MWh produced from wind
sources a green certificate is awarded and after the new law
promoting investments in the field comes into effect, the number of
certificates will go up to two.
Investments in the wind farm of Fântânele amount to over 600m
euros.