For example, in connection with the rise in the cost of borrowing provides a mechanism voluntary Declaration of postponement of performance of the obligation of the investor to supply power for up to 12 months.
MOSCOW, 12 Nov. The government has taken measures to promote the use of renewable energy sources (RES) and introduced in the calculation of the prices for capacity of generating facilities of renewable energy corrective coefficient for the foreign currency portion of the capex, to the documents on the website of the Cabinet of Ministers.
So, when calculating prices for capacity of renewable energy installations is provided by the application of a corrective coefficient for the foreign exchange component of the planned capital expenditure claimed by the investors on a competitive selection of investment projects in 2013-2014. The correction factor will be calculated as the minimum of the average relationship for the investment period (for solar power plants — six months for a wind farm — one year, for hydro power plants — three years) of the rouble against the bi-currency basket to the value of this rate at the date of carrying out of competitive selection.
In addition, in connection with the rise in the cost of borrowing provides a mechanism voluntary Declaration of postponement of performance of the obligation of the investor to supply power. Such postponement may be granted for 12 months. Also provides for the continuation of base level rate of return on investment in the generating facility renewable energy capital at 14% per annum for investment projects selected in 2015.
For carrying out of competitive selection of investment projects on construction of generating facilities functioning on the basis of RES, provides for the application of adjustment factor to determine the limit value of capital expenditures for construction of 1 kW of installed capacity for each generating facility which will take into account changes in exchange rates. In addition, for 2015 applies the coefficient of localization of generating equipment for generating facilities functioning on the basis of wind energy, in the amount of 25%.
“The decisions will contribute to improving the investment attractiveness of projects on construction of generating facilities functioning on the basis of renewable energy sources,” according to the certificate documents.