Eligible applicants for this investment scheme are electricity producers using wind energy.
Producers can apply to receive funds covering the costs of wind energy projects that exceed the investments to a conventional electric power station. In the case of this policy a conventional power plant has initial investment costs 600 770 euros per 1 MW installed, produces on average 7 500 MWh/year and has running costs of 50 euros/year per 1 MWh of produced electricity. 1 MW of installed wind capacity is expected to produce 2 500 MWh/year on average.
The additional costs that are eligible to be covered by this investment scheme are calculated based on the information supplied by the applicant - these include:
- (1) Initial investments, including the transportation, setting up and tuning the obtained assets;
- (2) Construction costs necessary to install and monitor the environmental effects of the electricity production capacity using wind energy (according to the Electricity Market Act, network regulations and requirements of this policy).
The minimum grant for a project is 3 195 482 euros and the maximum 20 004 346 euros.
The deadline for the applications was January 11, 2011 and project activities have to be completed by June 30, 2014. In total, 3 projects recived the support and all of them are in the construction phase as of early 2013.