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