Spain announces more PV FIT decreases04. February 2013 | Top News, Applications & Installations, Global PV markets, Industry & Suppliers, Markets & Trends | By: Oliver Ristau
Following the introduction of a new energy tax at the beginning of 2013, photovoltaic producers are now faced with more feed-in tariff (FIT) woes.
The Spanish Council of Ministers decided last Friday, February 1, on the introduction of a different mechanism to calculate the annual inflationary compensation of the FITs for renewable energy systems.
According to the government, compensation will no longer be linked to the consumer price index. The change is expected to save around €340 million annually.
Spanish solar industry organization UNEF, which has criticized the move, calculates that while an inflationary compensation of plus 2.975% will be seen in 2013, the new one will see tariffs reduced by 0.028%.
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
- 2700 views
- 2328 views
- 2152 views
- 1872 views
- 1839 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!