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.
The backlash to the U.K. Government’s decision to launch a comprehensive review of its feed-in tariff on Monday has begun. Dissenting voices are becoming increasingly audible, with ministers publically bemoaning the coalition’s decision and airing fears about its long-term impact on the solar industry.
A sudden rise in the number of solar power installations in Italy is being investigated by the government over fears of feed-in tariff (FiT) fraud, according to Industry Minister Paolo Romani.
Despite the confusion over the GSE’s PV installation figures for 2010, Barclays Capital PV analyst Vishal Shah said in an investors note that no matter what the actual installation figure will be for 2010, it is increasingly likely that the Italian government would have to pay for 6GW worth of subsidies at the 2010 FiT rate.
Federal Environment Minister Norbert Röttgen and the German Solar Industry Association have agreed to bring forward the reductions of financial support for solar power in order to facilitate the further expansion of photovoltaics in Germany. The government revealed late last week that, together with the industry, it was set to bring in a reduction of up to 12%, which would be pulled forward six months to July 1st this year.
According to a new report from market research firm Photon Consulting, the PV industry is looking at a supply-driven price crash on the back of expected strong feed-in tariff cuts in Germany over the next two-years, which will dampen demand sufficiently to cause a glut in modules and impact the entire supply-chain.
