Bulgaria’s President Approaches Constitutional Court about Charge on Wind/Solar Power Producers Revenue

Bulgaria’s president Rosen Plevneliev has requested that the Constitutional Court declare unconstitutional a recent 20% charge on revenues from wind and solar power generation.   The head-of-state believes the charge contravenes the fundamental constitutional principles of a state committed to the rule of law and free economic enterprise, Plevneliev's press centre said. According to the president, it will create different legal conditions for the business and may drive foreign investors out of the country.  

In December parliament, acting on a proposal by the leader of the ultra-nationalist Ataka party, Volen Siderov, decided to impose a 20% charge on revenues from wind and solar power generation as of January 1, 2014. The decision has prompted a series of protests organised by local renewable power producers.