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NEW 12,6MW IN THE COMMERCIAL PORTFOLIO OF LONG MAN

2016-04-15
NEW 12,6MW IN THE COMMERCIAL PORTFOLIO OF LONG MAN

Since April 2016, Long Man has included new 12,6MW to its portfolio of installed capacity, which manages commercially and thereby increased the total capacity of managed wind parks in Bulgaria to 50MW. Located outside Bulgaria, the company owner of the wind park fully trusted Long Man team and assigned the overall commercial management of the wind park, which includes the full range of activities necessary to be performed monthly allowing the park to achieve maximum financial efficiency.
Long Man was authorized to represent the wind park owner in front of the electricity distribution company in Bulgaria with which it has commercial relations, to track and monitors the contracts and documentation with respect to the activity, the streams of information to be submitted to the Fund "Security of electricity system", to provide guarantees of origin from SEDA for electricity produced. As well as for its other clients, Long Man will propose solutions when reaching "net specific production" of the wind park and those related to balancing market- consultations, negotiations, contracts with electricity traders and balancing group coordinators. As a commitment were assigned activities related to insurance, communication and security of the wind park. For the period of its operation, the contract provides legal advice and assistance in every aspect of the operation of the wind park.

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ON JULY 24TH 2015, AMENDMENTS TO THE ENERGY ACT AND THE LAW...

2016-02-29

On July 24th 2015, amendments to the Energy Act and the Law on Renewable Energy Sources concerning the activities of wind energy producers, were promulgated in the Official Gazette and entered into force. The establishing of "Security of electricity system" fund obliges all manufacturers to conduct…

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ONE OF THE CHALLENGES TO ACHIEVING FULL LIBERALIZATION...

2016-02-29

One of the challenges to achieving full liberalization in the energy sector is the choice of mechanism for integration of renewable energies in the electricity market in the country. With the latest amendments to the Law on Renewable Energy (ZEVI) dated July 24th 2015, it was introduced a legal definition of…

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