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Czech lawmakers axe RE support  

Credit:  By Christopher Hopson in London | Friday, August 16 2013 | www.rechargenews.com ~~

The Czech Republic’s lower house of Parliament has voted to end support for new renewables projects and to extend a tax on existing PV installations from the start of next year, in the latest effort to curb subsidies and reduce rising power prices.

The proposal – which has yet to be approved by the Senate and signed off by President Milos Zeman – will not affect, wind, solar, hydro and biomass operations that receive construction permits this year and are completed before the end of 2014.

In 2010, the government imposed a 26% tax on solar plants to curb a boom. This tax was slated to expire at the end of this year, but will now remain in force, albeit as a lower rate of 10%.

The new law will also require renewable companies to reveal

Source:  By Christopher Hopson in London | Friday, August 16 2013 | www.rechargenews.com

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

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