Further Reduction In Feed-In Tariffs For Photovoltaic Installations

The feed-in tariff (FIT) for photovoltaic (PV) installations is to be further reduced, following the publication of a report showing that the investment cost of PV projects has decreased by more than 10%.

This change follows just three weeks after the State Energy and Water Regulatory Commission announced a FIT decrease of more than 50% for PV installations, using new powers under renewable energy laws coming into force on 17 July 2012.

The SEWRC report contains an analysis of PV module prices and the cost of PV plants already in operation.  It shows that the current price of PV modules varies between 0.5 and 0.7 EUR/W, depending on the capacity installed and volume of supply.