Glossary

CASIC
(Consorzio per l’Area di Sviluppo Industriale di Cagliari) - Consortium for Cagliari’s Industrial Development Area. A local institution set up by a number of Municipalities close to Cagliari. CASIC is responsible for developing a large industrial area in these municipalities.
DKKThe official currency in Denmark, Danish Kroner.
EEGErneuerbare-Energien-Gesetz. German legislation concerning sustainable energy, effective from 1 April 2000.
EUThe European Union
EURThe official European currency in countries such as Italy and Germany.
Full load hour Production for a full load hour means output corresponding to one hour of production at the wind turbine’s installed capacity, cf. section 1(1)(vii) of Danish Executive Order on Wind Turbines. The calculation is based on the power output settled. Output in the year in which the wind turbine is connected to the grid for the first time is calculated on a proportional basis to the effect that one month of output is considered to be one-twelfth of one year’s output.
Green certificatesItaly and Poland have introduced green certificates allotted to producers of alternative energy in proportion to the output generated by each producer. The certificates represent a subsidy to the producers, contributing to settling a higher price for electricity generated from alternative sources than electricity generated from fossil fuels. The green certificates are sold via special energy exchanges in which the buyers are the power companies that produce power generated by fossil fuel as these producers are required by law to generate a certain percentage of their combined output using alternative energy. If such production is not available, they need to compensate by acquiring green certificates.
GRTN
(Gestore della Rete di Trasmissione Nazionale) – an Italian distribution company owned by Italy’s Ministry of Economic Affairs and Finance.
GME
(Gestore del Mercato Elettrico) – subsidiary of GRTN responsible for settling the trade in green certificates and other matters.
IAFR certificate
(Qualifica Impianti Alimentati da Fonti Rinnovabili) – certificate issued by GRTN confirming that the holder of the certificate generates power using renewable energy sources.
IFRS
International Financial Reporting Standards, which is the international accounting practice that has been approved by the EU.
kWhKiloWatt hours
MWMegaWatt (1 MW = 1,000 kW)
NOKNorwegian Kroner, the official currency in Norway.
PLNThe official currency in Poland, Zloty.
VBLExecutive order on grid connection of wind turbines and settlement of power generated by wind turbines (the Danish Executive Order on Wind Turbines).