Renewables support scheme for Czech Republic approved by the European Commission
The state aid that had been scheduled by the Czech government for renewables installations that had been built in the Czech Republic between 2006 an 2012 now finally received approval from the EU. The Commission accepted that the support scheme fits for the Czech Republic to achieve its 2020 renewable targets and that competition is not violated by the adopted measures. Moreover a review mechanism is integrated in order to prevent over-compensation of the renewables installations as well as discrimination of imported green electricity.
According to the Renewable Energy Directive the Czech Republic has a renewables target of 14% of gross electricity consumed to be achieved by 2020.
Member states have to notify to the Commission state aid measures before implementatinon, Only after approval by the Commission investors may rely on the state aid.
Source: European Commission Press Release 28 November 2016