Two new wind energy plants planned for Slovakia

The company Green Answers SK is about to invest EUR 65 – 77 million on a wind power plant neat the village of Zlatna na Ostrove in the south of Slovakia. In total the company wants to have up to 18 wind turbines in operation at the wind farm.

The company also plans another wind farm planned near Calovec, which should house 4-6 wind turbines and cost in the range of EUR 10-15 million.

Work on the two wind energy plants will likely not start until July 2013 with completion expected about 15 months later in the autumn of 2014.

Investors who are members of the Slovak Wind Power Association (ZVES) plan to build approximately 290 wind power units in Slovakia. The association’s chairman Matej Hloska said that the total installed capacity of these wind power turbines should reach 670 megawatts.

Wind Capacity in 2009 is only 3 megawatts. The Slovak Wind Power Association has already held talks with representatives of the national transmission network operator, in order to update information the operator works with, as it grants approvals for the connection of new energy sources to the grid. The operator included solar and wind power plants in the group of so-called Unpredictable Renewable Energy Sources.

Recently the Slovak Republic, in an attempt to foster the attractiveness of investments in renewable energy technologies and to meet the country’s EU targets, adopted a bill on the promotion of the renewable energy and high-efficiency cogeneration (RES Promotion Act). Main incentive schemes will enter into force on January 1 2010.

According to the RES Promotion Act, production of electricity from RES and electricity from high-efficiency cogeneration shall be promoted through the priority access to the grid, mandatory off-take of the electricity by the regional distributor, supplement payable by the regional distributor and calculated as a difference between commercial electricity price and the RES feed-in tariff and assumption of the liability for the deviation from agreed injection schedules (applies only to the installations below 4MW of capacity).

The right to the mandatory off-take for the off-take price and to the electricity price supplement pertain to the installations whose capacity is up to 125 MW. However if the installation’s capacity exceeds 10 MW (or 15 MW in the case of windpower plants), the supplement will only be granted for the RES electricity, pro rata to 10 MW (15 MW for wind power plants) with respect to the total installed capacity. The supplement is payable by the regional distributor to the producers of RES electricity that meet the qualifying conditions regardless of whether they supply the RES electricity to the grid or use it for their own consumption.

The mandatory off-take for the off-take price, the right to the supplement and the deviation assumption will apply for 15 years from the year the installation was put into operation or upgraded, and the feed-in tariff will be guaranteed for the same period. Installations up to 1MW enjoy the right to the off-take, priority access and deviation assumption for their lifetime.

Current feed-in tariffs determined by the regulator for the projects put into operation on or after January 1 2009 are: 112.86 €/MWh for hydropower (installations with less than 1MW capacity), 101.57 €/MWh for hydropower (1MW-5MW installations), 448.12 €/MWh for solar energy, 84.64 €/MWh for wind energy, 195.84 €/MWh for geothermal energy, 129.46 €/MWh for waste-biomass combustion and 116.18 €/MWh for combustion of purposely grown biomass.