Following January’s suspension of feed-in tariffs for new wind power projects, the Portuguese economy minister Álvaro Santos has announced tariff cuts for existing wind farms of between €100 and 200 million.
Sources in the economy ministry told WPM that wind power producers will be encouraged to sign up voluntarily to a new, lower rate of feed-in tariffs in return for unspecified, non-financial incentives.
The measure is part of wider cuts in financial support affecting all electricity producers, which, the government claims, is necessary to avoid a 30% rise in electricity bills and to reduce the deficit in the generating sector by €1.8 billion by 2020.
Ministry sources also confirmed that a draft revision of Portugal’s renewables action plan (NREAP) published last month, which drastically cut wind power targets, has been withdrawn. New proposals will go for public consultation next week.
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