Spain to cut feed in tariff for existing PV plants

<b>Spain plans to reduce subsidies by 45 % for large ground based PV plants.</b><br><br><i>Photo: Deger</i><br><br><br><br><br><br>
Spain plans to reduce subsidies by 45 % for large ground based PV plants.

Photo: Deger

The subsidies for new ground-based photovoltaic plants will be reduced by 45 %. Large roof systems will see a 25 % reduction, while small roofs will be cut by 5 %, said Tomas Diaz, Director of External Relations at Spain’s PV industry association after a meeting with Deputy Industry Minister Pedro Marin.

This would be the second large impact on Spain’s PV industry in two years, after the government limited the yearly increase in PV capacity to 500 MW as a consequence of its growth by over 2.5 GW in 2008.

Update: Acording to Rafael Benjumea, chief executive officer of Madrid based Fotowatio Renewable Futures the Government will back down from the cuting plans.

Related News:

  • Possible retroactive cut in feed-in tariff rouses Spanish renewables industry
  • France cuts feed-in tariff
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