RES special account forecast to end 2015 with 15.68m-euro deficit

The renewable energy sources (RES) special account is expected to end 2015 with a deficit of 15.68 million euros, according to a forecast made by LAGIE, the Electricity Market Operator, in its latest monthy report.

The RES special account deficit reached 86.6 million euros in September, according to the LAGIE report. The special account’s negative picture is expected to continue for the rest of the year, registering a 95.39 million-euro deficit in October, a 64.3 million-euro deficit in November, and a 15.68 million-euro deficit in December.

As for 2016, the LAGIE report forecasts surplus RES special account figures for the first five months, starting with a 21.07 million-euro surplus in January and ending with a 10.53 million-euro surplus in May. The account will then fall back into deficit territory in June with a deficit of 49.32 million euros, the latest LAGIE report noted.

The country’s installed RES capacity edged up to 5,191 MW in September from 5,190 MW in August, according to the report.

Biomass and biogas units were the only RES technology to register an installed capacity move, increasing to 50 MW in September from 49 MW.

The installed capacities of all other RES sub-sectors remained unchanged. The wind-energy sector registered 2,084 MW, photovoltaics 2,228 MW, roof-mounted photovoltaics 375 MW, small hydropower units 224 MW, and combined heat and power (CHP) production 230 MW.