Romanian wind energy association sees cost of new property tax at nearly EUR 40mn per year

By bne IntelliNews November 28, 2013

Romanian wind farms, which are expected to reach an installed capacity of 2.5GW by end-2013, will have to pay some EUR 37.5mn or even above EUR 40mn next year following the levy of a supplementary property tax for special industrial assets, the investors’ association RWEA estimates.

The supplementary tax, of 1.5% of the property value, would be of some EUR 40,000 per turbine, according to RWEA experts. Under a first estimate, there are 1,100 turbines installed with an average installed capacity of 2.3MW.

Overall, the taxes paid in 2014 by operators of wind farms commissioned by the end of this year would exceed EUR 4bn. Under a different approach, the investments in wind farms are estimated at EUR 4bn, of which EUR 2.5bn in turbines and poles.

The 1.5% tax on the EUR 2.5bn properties would contribute another EUR 37.5mn.

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