feed-in tariff

The Los Angeles Department of Water and Power (LADWP), the largest municipal utility in the U.S., is reportedly ready to reintroduce a solar incentive program (SIP) it abruptly dropped in April, ostensibly to address issues like lack of funding, a backlog of more than 500 applications, some safety concerns, and possible misrepresentations by solar installers.

The global solar market exploded in 2010 and while uncertain policy regarding feed-in tariffs and government subsidies are leaving investors wary in Europe this year, across the ocean the forecast looks bright in the United States.

Finland's government will introduce feed-in tariffs, guaranteed set prices for producers of wind and biogas power, beginning next year. Once the plan receives the parliamentary green light, subsidies will come into force on January 1, 2011, lasting for 12 years.

A paper on rooftop solar photovoltaic (PV) capacity and market penetration in the U.S., written by three National Renewable Energy Laboratory colleagues (Easan Drury, Paul Denholm and Robert Margolis), shows that fully 1 gigawatt (GW) of the world’s 15 gigawatts of solar PV was installed in the U.S. alone by December of 2009.

HSBC has released a report which indicates government support and incentives for renewable energy could be under threat.

Despite governments from around the world agreeing to invest US$500 billion in clean energy last year, many are trying to reduce expenditures heading into this week's G20 summit.

The introduction of Britain's feed-in tariff initiative, the Clean Energy Cashback scheme, last month, has led to growth in the residential solar industry.

 

In England, the Conservative Party has caused quite a stir with the declaration of its plans to overhaul the country's renewable energy policy if it wins the national election in May.

 

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