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Portugal cuts 30% subsidies to small-scale solar power producers - report

(SeeNews) - Jan 3, 2013 - Portugal's government has cut by 30% the subsidies paid to small-scale producers of power from solar energy, according to reports of economic daily Diario Economico from today.

The measure, which entered in force as of January 1, 2013, surprised the sector as the initially planned reduction was 14%.

Within the new rules, solar power producers among households and small enterprises, will receive EUR 0.166 (USD 0.218) per KWh, compared with EUR 0.326 in 2012 and some EUR 0.65 in 2008. Producers among medium- and big-sized companies, schools and municipal authorities, will receive EUR 0.151 per KWh this year, against EUR 0.215 in 2012.

The smaller subsidies this year is seen to lead to smaller investments in solar power generation installations by households and companies in Portugal, the daily forecast.

(EUR 1 = USD 1.311)

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