April 29 (SeeNews) - Costa Rica's public services regulator Aresep has proposed tariffs in the range of USD 0.0751 to USD 0.1794 per kWh for photovoltaic (PV) projects of up to 20 MW.
Once approved, the tariffs will be valid for all new PV plants of up to 20 MW in accordance with a law that regulates the deals between state-run utility Instituto Costarricense de Electricidad (ICE) and private power producers. The values of the range will be revised once a year.
In a press release on Monday, Aresep said it had calculated the average investment and operating costs, the net capacity factor and profitability, using information from a study of German international cooperation agency GIZ. The move aims to stimulate investments in PV technology and the addition of renewable energy sources into the national system.
The said tariffs do not apply to small-scale self-generation of up to 1 MW.
(USD 1 = EUR 0.905)