Bulgaria’s solar industry is facing the threat of stagnation, after the Government unveiled a new renewable energy bill that could cut industry subsidies by as much as 30%. The feed-in tariff (FiT) reductions were part of a wider set of cuts to the renewable sector, which have been introduced to help the country meet its EU 2020 targets.
After two months of uncertainty, the Italian Government finally looks set to unveil its much-anticipated new solar feed-in tariff bill. A draft decree of the Conto Energia IV bill is currently in circulation and includes legislation to reduce subsidies and introduce a 23GW cumulative cap until 2020, according to analysts at Germany’s Commerzbank.
The Italian Government is considering introducing an installed capacity cap for solar subsidies as part of its new renewable energy legislation, reports Reuters. If confirmed, this latest twist in the subsidy saga is a major blow to the industry and comes just six weeks after reports circulated that the government had dismissed plans to introduce an industry-wide 8GW.
Despite the latest report by the Independent Competition and Regulatory Commission (ICRC) advising that the feed-in tariff rates in Australia’s Capital Territory (ACT) need to be reduced, the Territory’s Minister for Energy, Simon Corbell, said the rates would remain unchanged.
Spain’s Ministry for Industry has approved 923 new solar projects for Q1 2011, all of which will benefit from the current feed-in tariff rates. The 116MW of new installations have been endorsed just in time to avoid the government’s subsidy reductions that come into play from Q2.
According to the latest report by the Independent Competition and Regulatory Commission (ICRC) the feed-in tariff rates in Australia’s Capital Territory (ACT) need to be reduced. The report proposes that the premium cash rate paid to generators of renewable energy - including those with home solar energy systems - should drop from 45.7c a kilowatt hour to 39c a kilowatt hour. Any changes made will only affect new market entrants who install after July 1, 2011.
The Italian solar industry looks set to receive a major boost after the government appeared to come out in support of leaving subsidies for pre-existing projects unchanged at a meeting with the four Italian solar associations. The meeting took place in Rome on Friday and relates to all projects connected to the grid before the end of 2011.
A group of 15 investors have launched a legal challenge to overturn Spain's decision to cut its feed-in tariff. The group, who are thought to have invested more than €4 billion in the Spanish PV industry and includes private equity and infrastructure funds such as Impax Asset Management and Hudson Clean Energy Partners, are appealing the decision under the international Energy Charter Treaty.
As expected, the Italian cabinet signed off on a solar policy without a 8GW annual cap, but did institute a 1MW cap on farmland projects. Under the new policy, projects are required to be connected to the grid before May 31 to benefit from the current feed-in tarrifs. Any new FiT decision for projects beyond May would likely be made by April 30, according to published reports.
Australia’s Capital Territory (ACT) feed-in tariff has been expanded to include medium to large-scale solar projects in order to cater for larger commercial and industrial farms as well as community groups. According to the Australian Solar Energy Society, the gross feed-in tariff, which pays a premium for all solar energy generated, is now available for solar panel installations 30kW to 200kW.
