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The government is preparing to cut solar aid

2020-10-28T18:36:05.157Z


The unilateral questioning of contracts by the State could cause serious difficulties in the sector.The solar sector is on the go. The government is preparing to unilaterally shorten the subsidy contracts for photovoltaic power plants built between 2006 and 2011, via an amendment introduced next week to the 2021 draft budget. At that time, the State committed itself over twenty years to buy back the solar electricity production at "ten times the current market price" , recalls a spokesperson for


The solar sector is on the go.

The government is preparing to unilaterally shorten the subsidy contracts for photovoltaic power plants built between 2006 and 2011, via an amendment introduced next week to the 2021 draft budget. At that time, the State committed itself over twenty years to buy back the solar electricity production at

"ten times the current market price"

, recalls a spokesperson for the Ministry of Ecological Transition,

"or 600 euros per megawatt hour"

.

The industry is up against this project.

"It is a questioning of the word of the State,"

protests Jean-Louis Bal, the president of the Renewable Energies Union.

Read also:

Electricity: are we at risk of power cuts this winter?

The exorbitant prices pre-2011 were then justified to launch a sector far from being profitable at the time.

But the investment costs were divided by four between 2006 and 2010, without the State lowering its feed-in tariffs.

As a result of this lack of responsiveness, a speculative bubble has formed.

Some

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Source: lefigaro

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