Denmark to cut PV subsidies

Share

The Ministry of Energy has announced it wants to readjust subsidies, due to the high costs in light of rapid photovoltaic development.

Currently, the price of electricity in Denmark is equivalent to around €0.295/kWh, or 2.2 Danish Krone. Of this, approximately €0.215/kWh comprises various taxes, which are not paid for by the photovoltaic plant operators. As such, subsidies equal €0.215/kWh, a ministry spokesperson tells pv magazine.

Furthermore, the ministry has said changes may be made to the current rule, whereby rooftop solar energy generated during the day can be stored in the grid and used, for example, in the evening. Thus, photovoltaic system operators would instead receive €0.215/kWh for the electricity, when they consume it within one hour. Meanwhile, solar energy which is fed into the grid will only receive around €0.174/kWh.

Overall, the duration of the subsidies is planned at 10 years. And, if in the future, photovoltaic plant operators withdraw electricity from the grid, then they would have to pay the full price. The guaranteed payments are also expected to successively decrease in the coming years, and in 2015, be converted to €0.134/kWh.

The ministers’ proposal will be negotiated on in the coming weeks, continued the spokesperson. They could not, however, say when a decision is expected to be reached. Overall, Denmark is said to have installed 223 MW worth of photovoltaics to date.

Translated by Becky Beetz.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.