France’s cuts to feed-in tariffs earned by ground-mounted solar photovoltaic installations may be duplicated elsewhere in Europe as solar- panel prices fall, according to Bloomberg New Energy Finance.
Rapidly declining costs associated with making solar PV panels are forcing governments to reduce the subsidies for clean energy shouldered by consumers when they pay for electricity from renewable sources, an analyst at London-based BNEF said.
“When the tariffs were set, governments did not realize modules and systems would become so low-cost, so fast,” Jenny Chase, lead solar analyst for BNEF, said in Zurich.
France’s ministries of sustainable development and ecology two days ago announced cuts to feed-in tariffs paid to producers of electricity from solar PV beginning Sept. 1.
“As suspected, the French government has seen the upcoming boom in ground-mounted PV projects, and acted decisively to reduce costs to consumers,” said Chase. “We expect similar moves to cut PV feed-in tariffs from the governments of the U.K., the Czech Republic and Ontario” in Canada.
Feed-in subsidies to ground-mounted stations in the north and south of France and French overseas territories will be lowered by 12 percent, according to a statement yesterday. These will fall to 33.12 euro cents (42 U.S. cents), 27.6 euro cents and 35.2 euro cents a kilowatt-hour