France reduces Solar FiT Rates

Solar industry in France continues to see a drop in the photovoltaic feed-in tariffs (FITs). The country’s regulator, CRE (Commission de Regulation de l’Energie) has announced that the tariffs for new installations connected in the first quarter 2012 will decrease by 4-10 percent compared to the fourth quarter of 2011. The new remuneration will depend on the type of installation, up to 100 kW in size. Overall, more than ten different tariffs have been introduced. According to the industry organisation Enerplan, during 2011, the industry lost “half of the 25,000 jobs that had been created until then.”

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