Act establishing premium for electricity generated from wind, hydro, solar, biomass and biogas
Act establishing incentive for electricity generated from wind, hydro, solar, biomass and biogas was introduced on 31st December 2001 increasing support for electricity generation from renewable energy sources.
Form of the support: |
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Technologies eligible and levels of the support: |
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Systems commissioned: |
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Length of the support: | Solar PV installations receive support for period of 20 years and 10 years for other systems. |
Digression: | Digression system is in place for the scheme |
Closed for new applications on: | 1 March 2008 |
This incentive system is complementary to the feed-in tariff schemes for renewable energy and cogeneration from 1994 and 2005.
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