Spain targets to save EUR 607.2m with PV feed-in tariffs cuts
(ADPnews) - Nov 22, 2010 - The Government of Spain is planning to significantly cut feed-in tariffs for photovoltaic (PV) power, in a bid to reduce expenses for supporting the green energy sector by EUR 607.2 million (USD 834.7m) between 2011 and 2013.
The government of Jose Luis Rodriguez Zapatero plans to save EUR 141.5 million in 2011, EUR 202.3 million in 2012 and 263.4 million in 2013 under its cost-reducing programme and attempts to put under control the jumping public deficit of the country.
On Friday, the Council of Ministers approved new regulations for the renewable sector reducing government incentives paid to photovoltaic (PV) power generators by 45% for new ground-based installations, 25% for new medium roof-mounted plants, and 5% for small roof-mounted plants. The new premiums will be applicable as of the first call for projects in 2011. To receive subsidies, those projects should be first inscribed into the pre-registry for government support.