Once a leading European PV market, the Czech Republic may resume development of large-scale renewables from 2021. Only wind, hydro and biomass projects, however, will be eligible, under a proposal from the Ministry of Industry and Trade. Only rooftop solar, of up to 1 MW, would be backed by a ‘feed-in premium’ scheme.
Through this operation, the Czech investment firm has raised the capacity of its PV power plant portfolio to 69 MW.
As Czech politicians negotiate to form a coalition government after the recent elections, the country’s solar association Solarni Asociace calls for stability, and warns incoming policymakers against the politicization of supporting for solar.
The scheme, which provides investment support for residential and commercial PV systems, now includes the possibility of expanding projects developed under the program’s previous phases.
The Czech government is supporting the adoption of solar-plus-storage solutions through a specific incentive program. Each kW of PV installed must be coupled with at least 5 kW of storage capacity.
The Czech solar developer intends to issue public bonds worth 500 million CZK ($19.9 million). The company will use the net proceeds to finance part of a 60 MW PV project pipeline in northern Chile.
The Czech solar market collapsed in 2014 after the country’s FIT scheme was shut down. After two years of almost zero growth, the country’s PV market registered a slight increase in new installations in 2016. This growth was mainly due to the support program for sustainable buildings.
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