RAE, the Regulatory Authority for Energy, is currently preparing new regulations aimed at simplifying renewable energy licensing procedures.
The authority is working on a system that will enable investors to make online applications for RES production licenses online and also monitor the progress of their applications electronically, sources have informed. An online platform needs to be established.
RAE officials are examining the current system and seeking to identify points that require change. The authority will then notify the energy ministry about any legislative revisions that may be necessary.
The authority will seek to drastically reduce the time needed for RES production licenses to be issued. Procedures can currently take as long as two-and-a-half years to be completed. RAE will also aim for greater objectivity and transparency in licensing procedures.
The authority expects to be ready to make changes, and propose these to market officials and the government, by September or October as a prelude to finalized framework revisions by the end of the year, sources said.