A feed-in tariff is a policy that supports the growth of renewable energy. It determines the prices per kilowatt hour of a system over its lifetime, plus a return on investment.
Entries tagged with "Wind"
Germany began auctioning off renewable energy projects in 2017, a fundamental shift from its previous policy of feed-in tariffs. Citizen cooperatives can also bid on projects, but are at a competitive disadvantage to corporations, who are now the chief owners bigger projects such as of offshore wind farms.
This law is the basis for Germany’s Energiewende and specifies 1. priority dispatch for renewable power and 2. floor price for that electricity. The resulting high level of investment security and the lack of red tape are the main reasons why the EEG has brought down the cost of renewables.