25 Mar '14, 2pm

Greek Government Proposes More Cuts to Renewable Energy Feed-in Tariff

Greek Government Proposes More Cuts to Renewable Energy Feed-in Tariff

In a move reminiscent of Spain, the Czech Republic, Australia and even Germany, the Greek government has proposed cuts to the country’s successful Feed-in Tariff (FIT). On March 8, the Ministry for Environment and Climate Changes issued a draft law on the reform of the FIT under the so-called “New Deal,” in an attempt to lessen the deficit that already exists in the fund the country uses to pay for renewable energy incentives. Greece uses a FIT to incentivize renewable energy in the country. Under a FIT, anyone who installs renewable energy systems (RES) on their homes or businesses sells all of the power produced by the renewable energy system back to the utility at an above-market rate under a contract that usually lasts for a period of about 20 years. In 2013, Greece made changes to its solar PV tariffs . Effective February 2013 through February 2014 PV rooftop systems ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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