Germany approves reduced solar feed-in tariffs
Germany's upper house of parliament (Bundesrat) on Friday approved revised feed-in tariffs (FIT) for photovoltaics, according to German Energy Blog. Lower house (Bundestag) approved the cuts on Thursday.
Solar panels at a solar park in Freiberg, Germany. © Joachim Eckel
Systems smaller than 10 kW will receive 19.5 cents/kWh, projects between 10 kW and 40 kW will receive 18.5 (euro)cents/kWh, systems between 40 kW and 1 MW will receive 16.5 cents/kWh, and 0projects between 1 MW and 10 MW will receive 13.5 cents/kWh. Solar projects larger than 10 MW will not receive a FIT.
The feed-in tariffs that utilities pay to 1.1 million solar power producers helped make Germany the world's largest market for photovoltaic power generation with a third of the world's installed capacity, writes Reuters.
Germany currently has about 28 gigawatts (GW) of installed photovoltaic capacity. The new law also will cap incentives when total capacity reaches 52 GW, in about three to five years when the FIT will most likely have fallen to levels that make solar power as inexpensive as some conventional fossil fuels.
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