Bulgaria’s New Renewable Energy Act Cools Down Investors’ Hopes

Bulgaria’s New Renewable Energy Act Cools Down Investors’ Hopes
Bulgaria’s Parliament has adopted a controversial draft of the long-anticipated Renewable Energy Act that seems to be designed to reign in the staggering growth of solar and wind energy projects. Until now, the state was obliged to purchase electricity produced from renewable energy generators at high, fixed prices, which has led to a jump in declared investments totaling over 6 000 – a capacity …
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