retroactive solar FIT cuts

The representatives of the French solar industry have already mobilized against the controversial measure and said they are studying all possible legal actions.

The retroactive FIT cut proposed by the Ministry for the Ecological Transition has now reached the French parliament. Around 300 companies of the PV sector have asked the MPs to reject a measure that could destroy investor confidence for years.

Financial newspaper Les Echos claims the government is mulling a renegotiation of historic feed-in contracts after the Court of Auditors in 2018 ruled the incentives too generous.

Foresight Solar and Infrastructure has celebrated encouraging returns from nine months of activity but that is down to acquiring existing solar assets with the nation’s ground mount sector in the doldrums since public subsidies were halted in April 2017.