Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Greece Announces 40% Cuts To Solar Feed-in Tariff

From a price of €171.9 per megawatt hour (MWh) back in August of 2012, the Greek Ministry of Environment, Energy and Climate Change (YPEKA) announced this past Friday that they will be cutting the feed-in tariff price down to  €95 per MWh of generated electricity starting June 1, a reduction of 44.7%.

Solar panels in Greece Image Credit: Michael Mahlberg via Flickr (CC BY-SA 2.0)

Solar panels in Greece
Image Credit: Michael Mahlberg via Flickr (CC BY-SA 2.0)

The new ministerial decision encompasses photovoltaic parks larger than 100 KW which have been connected to the energy grid from February 2013.

Furthermore, the feed-in tariff for PV systems of up to 100 KW have been cut by 46.6%, down from €225/MWh in August of 2012 to €120/MWh, while photovoltaic parks of any capacity connected since February 2013 to the autonomous electricity grids of the Greek islands will have access to a feed-in tariff of €100/MWh.

While the current cuts are drastic, they will only continue to decrease as time goes on. The YPEKA added that from February 2014 the feed-in tariffs for PV systems larger than 100 KW will receive €90/MWh, up to 100 KW down to €115/MWh, and those connected to the Greek islands will drop to €95/MWh.

The retroactive cuts were made to reduce the deficit of the Renewable Energy Sources Fund, used to help Greek renewable energy producers. According to the YPEKA the deficit at the end of February was €301.7 million. However, Craig Winneker, the head of political communications at the European Photovoltaic Industry Association, does not think these feed-in tariff reductions will do as the government hope:

“Taxes are not acceptable, even if there is tariff deficit; the high cost of FiTs comes from the fact that FiTs have not been adapted early enough.

“In addition,” Winneker told PV-Tech, “the fact of having regulated tariffs in Greece is the core of the problem rather than the actual cost of FiTs.”

Photovoltaic parks were not the only solar industry to be included in the feed-in tariff updates, with rooftop solar installations also being slashed by 47.6% down to €125/MWh, with further reductions to follow over the next six years (as shown below);

Month/Year FIT (€/MWh)
February 2013 125
February 2014 120
February 2015 115
February 2016 110
February 2017 105
August 2017 100
February 2018 95
August 2018 90
February 2019 85
August 2019 80

 

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Cars

In the latest episode of Cleantech Talk, José Pontes of EAFO and EV Volumes provided us with a thorough exploration of varying electric vehicle sales...

Clean Power

You got your rooftop solar array, you’re stoked with your zeroed-out electric bill, and you’ve plugged in your EV to drive on sunshine. Then...

Clean Transport

Denmark leads the way when it comes to putting zero-emission urban buses on the streets in Europe, with 78% of new vehicles being electric,...

Cars

The Greek island of Astypalea in the Aegean Sea is transitioning to electric transportation powered by clean energy thanks to Volkswagen.

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.