October 09, 2024 09:45 GMT
RENEWABLES: Czech Reduced PV Feed-In-Tarrifs Could Impact Investors
RENEWABLES
The Czech government aims to reduce feed-in tariffs retroactively for PV projects from 2006 to 2013. The solar industry has condemned the move, warning it may unsettle investors, the Czech Solar Association said, cited by PV magazine.
- The 2025 Czech state budget lacks sufficient funds for renewable energy, especially solar power, according to Jan Krcmar, executive director of the Czech Solar Association.
- Additionally, Krcmar pointed out that the government has repeatedly reduced feed-in tariffs for solar power plants in the past.
- “The ministry asserts that renewable energy investors have repaid their loans and recovered their investments," Krcmar said. "This is false – the Czech banking sector still has over €1bn in outstanding loans."
- The cuts could impact investors to cover interest payments and lead to default, according to Krcmar.
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