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The Czech government has given its approval for a renewables energy framework plan which aims to reduce generous subsidies driving the country towards a solar boom. The plan calls for a cap on feed-in tariffs for solar energy, up to approximately 50% of the current level, as well as making the recycling of old solar panels mandatory, reports Reuters.
"This is one of the measures that the government...is taking in reaction to the current rapid development of some renewable resources and connected economic risks," government spokesman Tomas Bartovsky said in a statement.
"It defines limits for various sources. When these are exceeded, the government will interrupt or cancel subsidies."
"This will for example allow us to halt the rocket-like growth of photovoltaic power plants," Bartovsky concluded.
This move follows the tariff reductions in several other countries, who are working to hold back a solar boom caused by the falling price of solar products combined with carbon emissions targets.
