Putting to bankruptcy billions of investments in renewables leads to high risk of banking crisis, the Bulgarian Wind Energy Association said, cited by www.publics.bg [1]
From 18th of September onwards the income of all existing renewable energy projects will be reduced massively. The regulator (SWERC) drastically slashed the income/profitability of renewable energy projects by introducing higher grid access taxes. Although the renewable energy law guaranteed investors fixed income for the next 12 to 20 years, with the changes introduced the income of all wind energy projects will be reduced by 10 %, solar projects from the previous years will lose 20 % and solar projects from the first half of this year will even lose 39 % of their income.