Czech regulator's announcement of feed-in-tariff for PV plants in 2010
26-11-2009
The management board of Photon Energy a.s. announces that the Energy Regulation Authority of the Czech Republic (Energetický regulační úřad, abbreviated as "ERÚ“) in its ruling 5/2009 published on 23 November 2009 announced the feed-in-tariffs for photovoltaic installations in the Czech Republic for the year 2010.
ERÚ reduced the feed-in-tariffs for 2010 by the maximum of 5% set by law no. 180/2005 for the support of the production of electricity from renewable energy sources. For PV installations with an installed capacity of up to 30 KWp the feed-in-tariff will be CZK 12.25 per KWh and the corresponding green bonus will be CZK 11.28 per KWh. For PV installations with an installed capacity of more than 30 KWp the feed-in-tariff will be CZK 12.15 per KWh and the corresponding green bonus will be CZK 11.18 per KWh. The annual indexation of feed-in-tariffs and green bonuses for PV installations connected before 1 January 2010 was set at the minimum level of 2%.
The Czech government recently approved a proposed amendment to law no. 180/2005 that would increase ERÚ's flexibility in adjusting feed-in-tariffs for renewable energy sources on a year-on-year basis. This proposal has yet to pass the entire law formation process in the Czech Republic and foresees an effective date of 1 January 2011.
Michal Gärtner, Photon Energy's chairman of the board and CEO, concluded: “The parameters of ERÚ's announcement were expected and continue to provide very attractive conditions for investors in photovoltaic installations in the Czech Republic. On this basis we are looking forward to an extraordinarily active year 2010."
Georg Hotar, Photon Energy's vice-chairman of the board and CFO, added: “After many rather confusing signals in recent weeks we particularly appreciate that the Czech government's draft amendment remains committed to the feed-in-tariff system, which will provide for the viability of photovoltaic installations in the Czech Republic beyond 2010. As for 2010, we are confident that our business model is spot-on to fully capture the opportunities in the Czech Republic and abroad."
Legal basis: § 3 ust.1. of the Appendix 1 to Resolution No. 363/2009 of the Warsaw Stock Exchange Management Board dated 27 July 2009 "Current and Periodical Information in the Alternative Trading System".
ERÚ reduced the feed-in-tariffs for 2010 by the maximum of 5% set by law no. 180/2005 for the support of the production of electricity from renewable energy sources. For PV installations with an installed capacity of up to 30 KWp the feed-in-tariff will be CZK 12.25 per KWh and the corresponding green bonus will be CZK 11.28 per KWh. For PV installations with an installed capacity of more than 30 KWp the feed-in-tariff will be CZK 12.15 per KWh and the corresponding green bonus will be CZK 11.18 per KWh. The annual indexation of feed-in-tariffs and green bonuses for PV installations connected before 1 January 2010 was set at the minimum level of 2%.
The Czech government recently approved a proposed amendment to law no. 180/2005 that would increase ERÚ's flexibility in adjusting feed-in-tariffs for renewable energy sources on a year-on-year basis. This proposal has yet to pass the entire law formation process in the Czech Republic and foresees an effective date of 1 January 2011.
Michal Gärtner, Photon Energy's chairman of the board and CEO, concluded: “The parameters of ERÚ's announcement were expected and continue to provide very attractive conditions for investors in photovoltaic installations in the Czech Republic. On this basis we are looking forward to an extraordinarily active year 2010."
Georg Hotar, Photon Energy's vice-chairman of the board and CFO, added: “After many rather confusing signals in recent weeks we particularly appreciate that the Czech government's draft amendment remains committed to the feed-in-tariff system, which will provide for the viability of photovoltaic installations in the Czech Republic beyond 2010. As for 2010, we are confident that our business model is spot-on to fully capture the opportunities in the Czech Republic and abroad."
Legal basis: § 3 ust.1. of the Appendix 1 to Resolution No. 363/2009 of the Warsaw Stock Exchange Management Board dated 27 July 2009 "Current and Periodical Information in the Alternative Trading System".
