Government Decision approving the reduction of green certificates for the situations provided by article 6 paragraph (2) letters a), c), f) of Law no. 220/2008 (the “Law”)

(Government Decision no. 994/2013 – published in the Official Gazette no. 788/16 December 2013 – the “GD”)

Pursuant to the overcompensation report issued by ANRE (Energy Sector Regulator), the Romanian Government has decided to approve the reduction of the number of green certificates to be received by hydro, wind and solar projects as follows:

Hydro – by 0.7 green certificates for each MW produced and delivered provided that the hydro power plants are new and have an installed power of maximum 10 MW.

Wind – by 0.5 green certificates until 2017 and by 0.25 green certificates starting with 2018 for each MW produced and delivered.

Solar – by 3 green certificates for each MW produced and delivered.

The GD enters into force on 1 January 2014 and shall apply to projects accredited by ANRE after this date.

The GD does not apply to projects which have already obtained accreditation from ANRE.

For additional information, please contact:

Dragoş Radu, Partner – Head of EY Law

Radu Ionescu, Attorney-at-law

EY Law / Platis Bazilescu SPRL

Bucharest Tower Center Building, 22nd floor

15-17 Ion Mihalache Blvd., District 1

011171 Bucharest, Romania

Tel: (40-21) 402 4000, Fax: (40-21) 310 7124

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