Czech government considering solar power tax

19 Oct 2010
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Czech government considering solar power tax

The Czech government could be set to introduce a new tax for the solar power industry.

According to a report by Steel Guru, the country's administration is considering taking the measure in order to push back the return of investment offered by solar farms.

"Generous feed-in tariffs for solar plants have led to a rapid rise in installed solar capacity in the country," noted the news provider.

It explained that bringing in the new tax for solar power farms would mean that the return of investment would be pushed back to 15 years, which the Czech government had originally planned for when it first introduced the feed-in tariffs.

Steel Guru said that by the end of July 2010, there was more than 550 MW of solar power in the country.

EUobserver recently obtained documents from the European Commission which indicated that it is considering an overhaul of European energy infrastructure as part of the move towards using more renewables. 

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