29 Nov '13, 12pm

Ominous signs for Bulgaria as parliament considers 20% #solar tax @pv_tech

The Bulgarian parliament has proposed a 20% levy on solar and wind energy revenue. Image: Todor Bozhinov, Wikimedia. Bulgaria’s parliament has proposed legislative changes that could see a 20% tax imposed on revenue from solar and wind energy. The country’s renewable energy industry said the move would snuff out investor confidence in Bulgaria’s PV and wind energy markets. The proposals were made by members of the parliamentary budget committee from the ultra-nationalist Ataka or ‘Attack’ party as part of a series of amendments to Bulgaria’s 2014 budget law, which is pending final approval. If approved, the government would levy a quarterly charge on revenue from solar and wind generators. A Bulgarian court has already rejected an attempt to impose a grid access fee on solar and wind energy projects, and the Bulgarian Wind Energy Association (BGWEA) said the latest proposa...

Full article: http://www.pv-tech.org/news/bulgarias_proposed_solar_levy...

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