Eastern winds - Emerging European wind power markets 29

24 More details on each country's mechanism can be found in the individual country pro�le sections of this report25 Kommunalkredit Austria & PwC: Investing in Wind Energy 2012

2.4 Support mechanisms in central, eastern and south-eastern countriesSupport mechanisms in this region differ from coun-try to country24. All countries analysed have set up dedicated support mechanisms for wind energy in the form of feed-in tariffs, feed-in premiums or green cer-ti�cates. The former two are most common, but the two largest wind energy markets in the region, Poland and Romania, use green certi�cates.

TABLE 2.6 SUPPORT MECHANISMS IN EU NEWER MEMBER STATES, CROATIA25, SERBIA, TURKEY AND UKRAINE

Country Currency Mechanism Amount Duration

Bulgaria Lev Feed-in €67.8 or €76 per MWh depending on Full Load Hours.

12 years

Croatia Kuna Feed-in €95.6/MWh 14 years

Czech Republic Koruna Reference price Difference between hourly electricity market price and reference price still to be determined

20 years

Hungary Forint Tender Case-by-case Case-by-case

Poland Zloty Certi�cates Market value (substitution fee €62/MWh in 2011)

10 + years

Romania Lei Certi�cates Two certi�cates/MWh with €28 �oor and €57.4 cap

2017

Russia Rouble Premium and Feed-in

Not in operation Premium until government targets met. Feed-in for 10 years

Serbia Dinar Feed-in €95/MWh 12 years

Slovakia Euro Feed-in €72.29/MWh 15 years

Slovenia Euro Feed-in and reference price

Less than 5MW feed-in €95.38/MWh.Difference to reference price, €50.75/MWh less than 10 MW and €38.76 more than 10 MW

15 years

Turkey Lira Feed-in €56.6/MWh plus a premium for use of local content €0.47 to €1.01/MWh

Ukraine Hryvnia Feed-in €55.22/MWh multiplied by 1.2 to 2.1 according to wind farm capacity

2030

* Currency exchange date: 24 September 2012 3.1.1 Power market overview

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