Decree No. 449: This policy offers fixed RE capacity payments (set through bidding process), unlike most other countries that provide payment per electricity generated. The cornerstone of the new capacity scheme is the “Agreement for the Supply of Capacity”, which will allow renewable energy investors to benefit from regulated capacity prices for a period of 15 years. Eligible projects need to be equal or bigger than 5MW, hydropower plants cannot exceed 25MW.
This 2.5% target of 2020 is in line with capacity-based targets of adding 3600 MW of wind power, 1520 MW of solar power and 751 MW of small scale hydro power over the period 2014–2020 outlined in Resolution No. 861 and referred to in Decree No. 449 on the Mechanism for the Promotion of Renewable Energy on the Wholesale Electricity and Capacity Market. More recent official documents refer to a 2.5 % (rather than 4.5%) target by 2020, but no amendment in this sense has been introduced to Resolution 1-r. http://www.ifc.org/wps/wcm/connect/f818b00042a762138b17af0dc33b630b/Energy-Suppor-Scheme-Eng.pdf?MOD=AJPERES IEA/IRENA Global Renewable Energy Policies and Measures Database © OECD/IEA and IRENA, [November 2020]
- 1Name: Share of renewables (%)Value: 32Base year: -Target year: 2030Comments: Share of renewables in gross final energy consumption (%), Renewable fuel (%), Renewable fuel (%)
- 2Name: Share of renewables (%)Value: 10Base year: -Target year: 2020Comments: -
- 3Name: Share of renewables (%)Value: 14Base year: -Target year: 2030Comments: -