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Portugal extends wind tariff cuts to existing projects  

Credit:  Richard Weyndling, Windpower Monthly, 18 May 2012, 2:20pm | www.windpowermonthly.com ~~

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of Portugal’s renewables action plan (NREAP) published last month, which drastically cut wind power targets, has been withdrawn.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.

Source:  Richard Weyndling, Windpower Monthly, 18 May 2012, 2:20pm | www.windpowermonthly.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments to query/wind-watch.org.

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