The Czech authorities is making an attempt to retroactively scale back feed-in tariffs (FITs) granted for PV initiatives between 2006 and 2013. The native photo voltaic sector has criticized the transfer, claiming it would stoke panic. of buyers.
The Czech authorities is making an attempt to introduce new retroactive cuts in FITs granted to PV installations between 2008 and 2010.
“The 2025 Czech state funds handed by the federal government, however not but parliament, at the moment doesn’t embrace enough funds to cowl prices for renewable vitality sources, particularly solar energy vegetation ,” mentioned Jan Krčmář, the manager director of the Czech Solar Association. (Solární Asociace), mentioned pv journal. “Czech Finance Minister Zbyněk Stanjura has repeatedly introduced plans to chop feed-in tariffs for renewable vitality vegetation within the Czech Republic. This will usually have an effect on approx. of two GW of solar energy vegetation in addition to biomass vegetation commissioned between 2006 and 2013. A big portion of the facility vegetation are owned and operated by worldwide buyers.These deliberate cuts have profound implications for present, but in addition ongoing funding in renewable vitality.
Krčmář famous that the federal government has already reduce feed-in tariffs for solar energy vegetation a number of occasions up to now.
Krčmář mentioned that the photo voltaic vitality sector faces a complete of 13 regulatory measures, together with the implementation of a 20% “photo voltaic levy.” He famous that in 2021, the parliament elevated this tax to a further 10%. This determination was described on the time because the “ultimate chapter,” with assurances that there could be no additional subsidy cuts.
Solární Asociace mentioned {that a} latest evaluation by the Czech Ministry of Industry and Trade revealed that the subsidy stage complies with EU legislation. The common funding price of return (IRR) for renewable vitality energy vegetation in Czechia doesn’t exceed 8.4%, with a median IRR of about 6%
Krčmář warned that the proposed cuts negatively affected the flexibility of buyers to cowl curiosity funds and led to defaults.
“The minister admitted that the renewable vitality buyers have paid off their loans and recouped their investments,” he mentioned. “This just isn’t true – the Czech banking sector at the moment registers excellent loans of greater than €1 billion ($1.10 billion).
Solární Asociace mentioned that latest investments could possibly be put in danger if the proposed measure is carried out.
“Foreign corporations up to now years have invested some huge cash within the improvement of recent renewable initiatives. However, these initiatives can’t be constructed and commissioned if the Czechia significantly damages the arrogance of the investor and must be eliminated,” mentioned Krčmář. “International arbitration and lawsuits are anticipated.”
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