About the Post

Author Information

Portugal — Government deals new blow to wind

From WCO

Richard Weyndling, Windpower Monthly Magazine, 25 May 2012

PORTUGAL: The Portuguese government has dealt the wind sector another blow by announcing cuts in tariffs for existing wind farms totalling EUR100-200 million up to 2020.

Growth in capacity has already practically ground to a halt since January following a moratorium on feed-in tariffs (FITs) for new projects.

Wind and other renewable-energy producers will be offered “some kind of non-financial incentives” to join a voluntary scheme to lower FITs, a Portuguese economy ministry source told Windpower Monthly.

The initiative is part of a reduction in price support for all forms of electricity generation, which the government claims is required to avoid a 30% rise in electricity bills and to reduce the cost of electricity generation by EUR1.8 billion in 2020.

The government has also indicated it wants to reduce 2020 targets for wind-power capacity in response to falling electricity demand due to the economic crisis. A spokesman for the economy ministry said that a draft revision of the National Renewable Energy Action Plan (NREAP) would be published in the last week of May. A previous draft put out in April, with sharply lower targets for wind-power capacity, was mysteriously withdrawn.

(To continue reading, click here)

Tags: , , ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: