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Solar tariffs in France: The 2021 finance law and the renegotiation of power purchase agreements | White & Case LLP

Article 225 of finance law for 2021 dated 29 December 2020 (the "
2021 Finance Law") provides for the renegotiation of the feed-in tariffs of approximately 800 photovoltaic power purchase agreements (
"PPAs") concluded between 2006 and 2010.
This decision, motivated by the alleged excessive profitability of these PPAs, is yet to be specified in a decree. As it stands, it is causing concern in the sector and has given rise to controversy.
Adoption of a governmental amendment
Article 225 of the 2021 Finance Law provides for the reduction of the feed-in tariff under the PPAs entered into with certain producers. The text authorizes the State to unilaterally modify some of these contracts.

France , French , Audit-court , National-assembly , Senate-finance-committee , European-commission , Energy-regulation-commission-de , Council-of-state-conseil , Energy-charter-treaty , French-parliament , European-union

Solar tariffs: Adoption of the finance law for 2021 and the renegotiation of power purchase agreements | White & Case LLP

Article 225 of finance law for 2021 dated 29 December 2020 (the "
2021 Finance Law") provides for the renegotiation of the feed-in tariffs of approximately 800 photovoltaic power purchase agreements (
"PPAs") concluded between 2006 and 2010.
This decision, motivated by the alleged excessive profitability of these PPAs, is yet to be specified in a decree. As it stands, it is causing concern in the sector and has given rise to controversy.
Adoption of a governmental amendment
Article 225 of the 2021 Finance Law provides for the reduction of the feed-in tariff under the PPAs entered into with certain producers. The text authorizes the State to unilaterally modify some of these contracts.

France , French , Audit-court , National-assembly , Senate-finance-committee , European-commission , Energy-regulation-commission-de , Council-of-state-conseil , Energy-charter-treaty , French-parliament , European-union

French retroactive solar tariff cuts and the remedies available to developers

French retroactive solar tariff cuts and the remedies available to developers
By Eran Chvika, finance and projects partner, Pinsent Masons LLP
February 2, 2021
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France's 2021 Finance Act will impose tariff cuts on 800 such contracts based on tariff decrees published between 2006 and 2010, which the government now considers to be excessive due to the collapse in the price of PV cells. Officials are concerned that developers would otherwise benefit from excessive profitability, with some investments generating margins of more than 20%. The French government expects the measure to save it €350-400 million annually.
France introduced a feed-in tariff (FiT) regime in 2000, designed to accelerate the deployment of renewable energy investments by offering long-term contracts to renewable energy developers. The goal at the time was to offer cost-based compensation to these developers, providing price certainty and helping developers to obtain financing. However, in 2018, the Court of Auditors said that incentives available to the solar industry were too generous as the cost of installing solar panels had since fallen to a quarter of what it had been, prompting the government's decision to partially scale back its support for solar power.

France , French , Constitutional-council-conseil-constitutionnel , Council-of-state-conseil , Energy-regulation-commission-de , National-solar-photovoltaic-conference , Constitutional-council , Conseil-constitutionnel , Energy-regulation-commission , பிரான்ஸ் , பிரஞ்சு

French retroactive solar tariff cuts and the remedies open to developers

French retroactive solar tariff cuts and the remedies open to developers
pv-tech.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pv-tech.org Daily Mail and Mail on Sunday newspapers.

France , French , Constitutional-council-conseil-constitutionnel , Council-of-state-conseil , Energy-regulation-commission-de , National-solar-photovoltaic-conference , Constitutional-council , Conseil-constitutionnel , Energy-regulation-commission , பிரான்ஸ் , பிரஞ்சு