A sizeable portion of RES investors, approximately 20 percent, who were entitled to producer certificates after submitting related applications, abandoned their plans by not paying their resulting fees, latest data released by RAE, the Regulatory Authority for Energy, for a December 2020 cycle has shown.
The majority 80 percent of applicants, numbering 1,249, followed through with their producer certificate payments to add a further 27 GW to the accumulation of RES license applications, all at various maturity stages.
A May 11 deadline was set for the December 2020 cycle’s producer certificate payments.
Investors submitted a total of 1,865 applications to the December 2020 cycle, representing a total of approximately 45 GW. Of these, 1,544 applications, representing 34.4 GW, fulfilled all criteria and their investors were invited to pay fees for the issuance of producer certificates.
The remainder of applications that failed to qualify, representing approximately 10 GW, were held back by a variety of problems, primarily property overlapping issues.
RES investors with property overlapping issues will need to resolve matters between them so that producer certificate applications represent one property per application.
In terms of RES technology, 79.6 percent of solar energy project applicants paid their fees for producer certificates in the December 2020 cycle.
The figure was slightly higher for wind energy applications, reaching 81 percent.