Effective August 27, 2012, the revised Italian feed-in tariff programme Conto Energia V has made the registration of all PV systems compulsory. EuPD Research claims this will induce an artificial limitation to the market as well as incur a supplementary cost of €3/kWh.
Spanish Prime Minister Mariano Rajoy Brey has come to blows with a group of 11 international infrastructure funds, including those managed by HSBC and Deutsche Bank. The prime minister has pledged to Parliament to tax utilities in an attempt to raise sorely needed cash from renewable energy to curb €25 billion of debt. The financial institutions are threatening cutting investment and taking legal action if reforms are tougher on renewables than traditional energy sources, throwing further companies into bankruptcy.
Japan has published its latest strategic energy plan, originally formulated in 2003 and reviewed every three years by conference bodies as well as various opinion polls. The latest revision includes a road map of energy-based economic growth and reformation of the energy infrastructure. The strategy is to ensure growth and encourage multi-faceted international trade by taking into account the social cost and price differences between nuclear, thermal and renewable energy generation.
The Bulgarian government has announced a 50% cut to solar feed-in tariffs, having only approved a new FiT in April. Effective July 1, chair of the State Commission for Energy and Water Regulation (DKEVR), Angel Semerdzhiev, told Parliament on Friday that the renewable energy surcharge was solely responsible for an increase in electricity rates.
The dark clouds of controversy looming over the German feed-in tariff have finally cleared with a compromise between the Bundestrat and Bundestag. Chancellor Merkel’s government has announced that it wants to maintain a solar “growth” corridor” of 2,500 – 3,000MW per year, with installations capped at 52GW. A class system for medium-sized roof-top installations will also be introduced. All funding will be back-dated to the original date of April 1, 2012.
The dust is yet to settle on tariff determinations against Chinese manufacturers, but the Coalition for American Solar Manufacturing (CASM) has released a statement warning of a “conspiracy to commit offence or to defraud the United States”. According to CASM, Chinese solar cell and panel exporters are reportedly planning to evade antidumping/countervailing orders. It asserts that this will not be effective, could be illegal and may expose US importers, in addition to Chinese exporters, to liability under US law, including significant financial penalties and criminal prosecution.
With European subsidies being cut left, right and centre, it appears Japan could fill the void and become the world’s second-largest market for solar power generation. The country will be welcoming the international solar community with open arms with the introduction of its latest feed-in tariff, which has the potential to generate US$30 billion by 2016 for the local economy. Industry Minister Yukio Edano approved the new rates this week, effective July 1.
The German government struggles to reach common ground on the proposed solar cuts, according to Bloomberg. In an email statement it was said that the upper house failed to reach an agreement in a panel meeting. Talks will resume on June 27. The upper house representatives have voiced concerns that the legislation will hurt domestic producers like Solarworld even further.
The inevitable fall-out from last month’s US Dept. of Commerce ruling against the import of Chinese solar products is now measurable in numbers, as the Coalition for American Solar Manufacturing (CASM) has revealed details of import figures for April. With US Customs and Border protection closely monitoring all imports to prevent companies dodging the anti-subsidy duties, imports in April came to US$70.7 million, down 66% compared to the previous month’s US$206 million.
Despite the feed-in tariff cuts in April, the French energy regulation commission (CRE) has released figures showing that installation requests have not stagnated over the last three quarters.
