SOFIA (Bulgaria), January 12 (SeeNews) – The weighted average cost of capital for wind and solar energy in the European Union member states in Southeast Europe decreased significantly last year, compared with 2014, according to Ecofys, a leading international energy and climate consultancy focused on sustainable energy.
In 2016, the weighted average cost of capital dropped by 3.9% in Croatia, 3.2% in Romania and 1.7% in Bulgaria compared with 2014, Ecofys said in its Pricetag report, funded by the European Climate Foundation and published earlier this week.
You can download the 2024 Renewable energy in Southeast Europe report here
In 2015, Croatia installed 91.7 MW of wind and solar energy capacity, of which 81.1 MW were from wind onshore projects. Ecofys provided no data for 2016.
Romania installed 23 MW of wind onshore capacity and 32.4 MW of photovoltaic energy capacity in 2015.
Despite having a relatively equal weighted average cost of capital as Croatia and Romania, Bulgaria installed just 0.1 MW of wind onshore and photovoltaic capacities in 2015.
According to the report, Bulgaria and Romania have the lowest country risk premium for wind and photovoltaic energy, standing at 6.5%. The risk premium stands at 10.3% in Croatia.
Founded in 1984, Ecofys advises governments, NGOs, corporations, and energy providers.
The European Climate Foundation is an international organization, created in 2008, aiming to promote climate and energy policies that it says would greatly reduce Europe's greenhouse gas emissions and to help Europe play a stronger international leadership role in mitigating climate change.