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.
The government has suggested PV plant operators accept a ‘voluntary’ 12.5% reduction in feed-in tariffs. If developers refuse, policymakers could impose 15-25% cuts, albeit with payment contracts extended five years. The drastic measures are being considered to reduce the cost of the state-owned Guaranteed Buyer body, which purchases all electricity generated in Ukraine from renewable energy facilities.
A representative of South Africa’s energy regulator said deals signed between 2011 and 2013 must be subject to lower tariffs to ease the financial crisis at national utility Eskom. The suggestion failed to convince delegates at an Africa Energy Forum panel discussion in Lisbon, however.