If we are to meet the Paris climate targets, feed-in tariffs for renewable energy are needed now more than ever says a report by Toby Couture and colleagues at Proseu, Prosumers for the Energy Union. The topic is timely as world leaders gather in Glasgow for COP 26 to discuss ways of drastically cutting carbon emissions.
Europe FIT
The new draft decree includes auctions for larger wind farms and solar plants, but leaves the feed-in tariff system in place for hydro power plants of up to 10 MW, wind farms of up to 50 MW, and biomass and biogas-fired facilities of up to 1 MW.
The European Commission has approved four schemes to support electricity production from onshore wind and solar on buildings and on the ground in France under EU state aid rules. The schemes will allow France to develop over 7 additional gigawatts in renewable energy.
The European Commission has endorsed three French schemes (FITs) to support solar and hydropower energy generators in France under EU state aid rules. The schemes will allow France to develop around 2600 megawatts of additional solar capacity and 60 megawatts of additional hydropower capacity.
I also note that the proposal still includes “feed-in tariffs” in the definition of “support schemes”, which remains completely unchanged.
The government today supported the Economics Ministry’s proposal to differentiate compulsory procurement component (feed-in tariff) in electricity rates for energy-intensive companies, based on the connection capacity and electricity consumption volumes.
This work discusses the FiT scheme implementation for photovoltaics (PVs) in four case study countries – Denmark, Germany, Cyprus, and Spain
The new solar compensation scheme, announced on Monday by the Economy Ministry, will offer feed-in tariffs to photo voltaic plants producing electrical power of between 30 and 200 kilowatts from January 1, 2016.
Feed‐in tariffs offer two more benefits for producers and consumers that are at risk under market premium systems. First, fixed renewable remuneration schemes can be designed to reduce costs to consumers by tailoring remuneration levels to the local resource conditions – reducing the average remuneration level, for example, at high wind‐speed sites.
The use of the fixed feed‐in systems that have so far been successful in minimizing financing costs is prohibited from January 2015 for all but small installations. This shift to a “market premium” is likely to increase financing costs and might have negative effects on the efficiency of short‐term markets and
effectiveness of forward markets.