An agreement has been made between Portugal’s government and its wind sector to maintain the legal stability of current wind power-related contracts.
Renewables giant EDPR said the law known as 33-A/2005 will be preserved. This law regulates incentives for wind farms, but also offering an option for a new framework that allows an extension of feed-in tariff periods from the 15 years envisaged in the law to a duration of 20-22 years.
Recharge News reports that this comes in exchange for an annual payment by the developers that take up the option from 2013 through to 2020, which will be used to reduce Portugal’s electricity costs.
The agreement is only applicable to wind farms under what EDPR calls the “old tariff regime” governed by 33-A/2005.
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