Overview

On 21 April 2011 the Bulgarian Parliament passed the draft of the new renewable energy law. The next step is to send it to the President for signature. If signed, the draft law will be published in State Gazette within 14 days and might become effective. The President is entitled to veto the draft law within these 14 days.

In the present version of the draft law the provisions regarding renewable energy projects differ based on the stage of their development.

According to the draft law, within one month after the new law becomes effective, the feed-in tariff announced by the Regulatory Commission on 31 March 2011 will be revised according to the new regime and the premium can potentially be decreased further upon discretion of the Regulatory Commission.

Schoenherr looks at the key provisions.

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