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1 Table of Contents Table of Contents Table of Contents... i List of Tables... vi List of Figures... x List of Abbreviations... xiv Introduction... 1 Operating Support Incentives... 1 Feed-in Tariffs... 1 Fixed and Variable Premiums... 2 Tradable Green Certificates... 2 Tender Schemes... 3 Investment Support Incentives... 4 Chapter 1: Australia Government Targets Electricity Generation Mix Operating Support Incentives Tradable Green Certificates The Small-Scale Renewable Energy Scheme (SRES) The Large-Scale Renewable Energy Target (LRET) Price of Green Certificates State-level Incentive Schemes Australian Capital Territory New South Wales Queensland South Australia Tasmania Victoria Western Australia Investment Support Incentives Chapter 2: Austria Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 3: Belgium Government Targets Electricity Generation Mix Operating Support Incentives Federal Certificates Walloon Certificates Flemish Certificates Investment Support Incentives Federal Investment Support Incentives Walloon Investment Support Incentives Flemish Investment Support Incentives Chapter 4: Canada Government Targets Electricity Generation Mix i

2 Table of Contents 4.3 Operating Support Incentives Federal Operating Support Incentives British Columbia Operating Support Incentives Ontario Operating Support Incentives Investment Support Incentives Chapter 5: Chile Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 6: Czech Republic Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 7: Denmark Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 8: Finland Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 9: France Government Targets Electricity Generation Mix Operating Support Incentives Feed-in Tariff (Other than Solar PV) Feed-in Tariff for Solar PV Investment Support Incentives Chapter 10: Germany Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Grants Preferential Loans Chapter 11: Greece Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 12: Hungary Government Targets Electricity Generation Mix Operating Support Incentive Investment Support Incentives ii

3 Table of Contents Chapter 13: Iceland Government Targets Electricity Generation Mix Operating and Investment Support Incentives Chapter 14: Ireland Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 15: Italy Government Targets Electricity Generation Mix Operating Support Incentives Tradable Green Certificates Microgeneration Feed-in Tariff Solar Power Operating Incentives Investment Support Incentives Chapter 16: Japan Government Targets Electricity Generation Mix Operating Support Incentives Tradable Green Certificates Solar PV Feed-in Tariff Investment Support Incentives Chapter 17: Republic of Korea (South Korea) Government Targets Electricity Generation Mix Operating Support Incentives Feed-in Tariff Tradable Green Certificates Investment Support Incentives Chapter 18: Luxembourg Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 19: Mexico Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 20: The Netherlands Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives iii

4 Table of Contents Chapter 21: New Zealand Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 22: Norway Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 23: Poland Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 24: Portugal Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 25: Slovak Republic (Slovakia) Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 26: Spain Government Targets Electricity Generation Mix Operating Support Incentives Feed-in Tariff and Premiums Feed-in Tariff for Solar PV Investment Support Incentives Chapter 27: Sweden Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 28: Switzerland Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Chapter 29: Turkey Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives iv

5 Table of Contents Chapter 30: United Kingdom Government Targets Electricity Generation Mix Operating Support Incentives Tradable Green Certificates Microgeneration Feed-in Tariff Climate Change Levy Proposed Changes to the UK Incentive System Investment Support Incentives Chapter 31: United States of America Government Targets Electricity Generation Mix Incentives Federal Incentives Operating Support Incentives Investment Support Incentives State-level Incentives Examples of State-level Incentives Chapter 32: China Government Targets Electricity Generation Mix Operating Support Incentives Investment Support Incentives Solar Power Subsidies Tax Incentives Chapter 33: India Government Targets Electricity Generation Mix Operating Support Incentives Federal Feed-in Tariffs Tradable Green Certificates State Operating Support Incentives Investment Support Incentives General Tax and Investment Incentives Wind Power Investment Incentives Biomass Power Investment Incentives Solar Power Investment Incentives Small Hydro Investment Incentives Chapter 34: Country Ranking Glossary v

6 List of Tables List of Tables Chapter 1: Australia Table 1.1: Australian government commitments... 5 Table 1.2: The multiplier rates for STCs received by eligible micro-generation systems between 2009 and 2014 in Australia... 8 Table 1.3: The yearly Large-Scale Renewable Electricity Target in Australia... 8 Table 1.4: Estimated generation compensation of small-scale renewable power in Australia under the SRES system in Table 1.5: Estimated generation compensation of large-scale renewable power in Australia from 1 January Chapter 2: Austria Table 2.1: Austrian government commitments Table 2.2: The feed-in tariff in Austria for new installations starting operation in 2011 (EUR/MWh) Chapter 3: Belgium Table 3.1: Belgian federal and state commitments Table 3.2: Minimum purchase price for federal TGCs in Belgium Table 3.3: CV creation rates and remuneration in Wallonia in Table 3.4: Renewable electricity quota in Flanders Table 3.5: Guaranteed minimum price for Flemish TGCs from 2010 (excluding solar PV) Table 3.6: Guaranteed minimum price for Flemish solar power TGCs Chapter 4: Canada Table 4.1: Canadian government commitments Table 4.2: Installed generating capacity of renewable power by province and territory in Canada in 2008 (MW) Table 4.3: Generation compensation for renewable power under British Columbia s Standing Offer Program in Table 4.4: Demand-determined adjustments to Standing Offer Program base rate prices in Table 4.5: Feed-in tariff base rates for renewable power projects in Ontarioin Table 4.6: Domestic content requirements in Ontario to receive the FIT Chapter 5: Chile Table 5.1: Chilean government commitments Table 5.2: Total installed generating capacity in Chile by transmission system in 2011 (MW) Chapter 6: Czech Republic Table 6.1: Czech Republic government commitments Table 6.2: Feed-in tariff rates and premiums for small hydro projects (< 10 MW) in the Czech Republic Table 6.3: Premiums for parallel combustion and co-firing with biomass projects in the Czech Republic in Table 6.4: Feed-in tariff rates and premiums for dedicated biomass projects in the Czech Republic Table 6.5: Feed-in tariff rates and premiums for biogas projects in the Czech Republic in Table 6.6: Feed-in tariff rates and premiums for wind power projects in the Czech Republic Table 6.7: Feed-in tariff rates and premiums for solar PV projects in the Czech Republic Table 6.8: Feed-in tariff rates and premiums for geothermal power projects in the Czech Republic in Chapter 7: Denmark Table 7.1: Danish government commitments Table 7.2: Denmark s incentive rates for renewable electricity generation in vi

7 List of Tables Chapter 8: Finland Table 8.1: Finnish government commitments Table 8.2: Feed-in tariff rates in Finland in Table 8.3: Finland s subsidies for renewable power generation outside the FIT system in Chapter 9: France Table 9.1: French government commitments Table 9.2: Growth in grid-connected solar and wind capacity in France between 2006 and 2010 (MW) Table 9.3: Feed-in tariff rates for non-solar PV technologies in France in Table 9.4: Feed-in tariff rates for small-scale solar PV systems commissioned in France in Table 9.5: Feed-in tariff rates for solar PV systems commissioned in France in Table 9.6: Solar PV FIT degression rates in France based on cumulative new installed capacity in a three-month period Chapter 10: Germany Table 10.1: German government commitments Table 10.2: Feed-in tariff rates for renewable power (excluding solar PV) in Germany in Table 10.3: Annual degression rates for the FIT for installations commissioned in 2011 excluding solar PV in Germany Table 10.4: Solar PV feed-in tariff rates and degression rates in Germany in 2011 and Chapter 11: Greece Table 11.1: Greek government commitments Table 11.2: Feed-in tariff rates in Greece for new installations in 2011 (EUR/MWh) Table 11.3: Feed-in tariff rates for solar PV from 2009 to 2014 (EUR/MWh) Table 11.4: Investment incentives offered by the Greek government Chapter 12: Hungary Table 12.1: Hungarian government commitments Table 12.2: Feed-in tariff rates for renewable power projects in Hungary in 2011 commissioned after Table 12.3: Feed-in tariff ratesfor renewable power projects in Hungary in 2011 commissioned prior to Chapter 13: Iceland Table 13.1: Icelandic government commitments Chapter 14: Ireland Table 14.1: Irish government commitments Table 14.2: Reference prices for renewable electricity generation in Ireland in Chapter 15: Italy Table 15.1: Italian government commitments Table 15.2: Estimated total generation compensation for renewable electricity supported under the Italian TGC scheme in Table 15.3: Obligatory purchase price by the market operator for renewable power ( 1 MW) in Italy in Table 15.4: Feed-in tariff rates for renewable power microgeneration (1 kw - 1 MW) in Italy, effective from 1 January 2008 (EUR/MWh) Table 15.5: Budgetary cap and projected new capacity under the solar PV feed-in tariff in Italy from June 2011 to December Table 15.6: Feed-in tariff rates for new solar PV installations in Italy from July 2011 to December 2012 (EUR/MWh) Table 15.7: Feed-in tariff rates for new solar PV installations in Italy from January to June 2013 (EUR/MWh) vii

8 List of Tables Table 15.8: Feed-in tariff rates for new concentrated solar PV installations in Italy from July 2011 to June 2013 (EUR/MWh) Table 15.9: Degression rate for new solar PV installations in Italy from January 2013 to December Table 15.10: Fixed premiums and estimated generation compensation for solar thermal power generation in Italy in Chapter 16: Japan Table 16.1: Japanese government commitments Table 16.2: Renewable electricity targets in Japan from 2010 to Table 16.3: Feed-in tariff rates for solar PV in Japan installed in Chapter 17: Republic of Korea (South Korea) Table 17.1: The Republic of Korea government commitments Table 17.2: Feed-in tariff rates for non-solar PV renewable power in the Republic of Korea in Table 17.3: Feed-in tariff rates for solar PV generated electricity in the Republic of Korea in 2011 (KRW/MWh) Table 17.4: Feed-in tariff rates for solar PV generated electricity in the Republic of Korea in 2011 (EUR/MWh) Table 17.5: Annual renewable power quota in the TGC system in the Republic of Korea Table 17.6: New solar PV capacity required under the TGC system in the Republic of Korea Table 17.7: Technology bands for TGCs in the Republic of Korea Chapter 18: Luxembourg Table 18.1: Luxembourg government commitments Table 18.2: Feed-in tariff rates in Luxembourg in Chapter 19: Mexico Table 19.1: Mexican government commitments Chapter 20: The Netherlands Table 20.1: The Netherlands government commitments Table 20.2: Maximum basic amounts and application openings under the SDE+ premium system in the Netherlands in Table 20.3: Maximum basic amount available in the SDE+ premium system for selected generating technologies in the Netherlands in Chapter 21: New Zealand Table 21.1: New Zealand government commitments Chapter 22: Norway Table 22.1: Norwegian government commitments Chapter 23: Poland Table 23.1: Polish government commitments Table 23.2: The renewable electricity quota obligation in Poland from 2010 to Chapter 24: Portugal Table 24.1: Portuguese government commitments Table 24.2: Average indicative FIT rates in Portugal 2008 to 2011 (EUR/MWh) Table 24.3: Feed-in tariff rates for those microgeneration installations of up to 3.68 kw that produce both heat and electricity in Portugal in viii

9 List of Tables Chapter 25: Slovak Republic (Slovakia) Table 25.1: Slovak Republic government commitments Table 25.2: Feed-in tariff rates for renewable power generators 10 MW in 2011 in the Slovak Republic Table 25.3: Reduction in tariff levels based on EU or state funding in the Slovak Republic Chapter 26: Spain Table 26.1: Spanish government commitments Table 26.2: Feed-in tariff and premium rates for renewable power installations (excluding solar PV) commissioned in Spain in 2011 (EUR/MWh) Table 26.3: Annual full-load operating hours for which solar-thermal power plants receive operating incentives in Spain Table 26.4: Feed-in tariff rates for solar PV in Spain for installations commissioned from 2008 to Chapter 27: Sweden Table 27.1: Swedish government commitments Table 27.2: Renewable electricity quota obligation in Sweden between 2010 and Table 27.3: Tradable green certificate prices and generation compensation in Sweden from 2003 to Chapter 28: Switzerland Table 28.1: Swiss government commitments Table 28.2: Feed-in tariffs in Switzerland in Chapter 29: Turkey Table 29.1: Turkish government commitments Table 29.2: Feed-in tariff rates in Turkey in Table 29.3: Bonus payments for domestically-produced equipment in Turkey Chapter 30: United Kingdom Table 30.1: UK government commitments Table 30.2: The technology banding of Renewable Obligation Certificates in Great Britain (England, Scotland and Wales) Table 30.3: Renewable electricity quota obligation in Great Britain (England, Scotland and Wales) and Northern Ireland Table 30.4: Generation compensation for renewable electricity under the RO system in Great Britain (England, Scotland and Wales) in Table 30.5: Feed-in tariff generation rates for grid-connected generators commissioned from 2010 to 2012 in Great Britain (England, Scotland and Wales) Chapter 31: United States of America Table 31.1: US government commitments Table 31.2: Production tax credit for renewable power facilities in the US Table 31.3: State-level renewable energy targets (binding and voluntary) as of December Table 31.4: Market Price Referent for renewable power purchase agreements in California from 2011 to Table 31.5: Feed-in tariff rates in California for a renewable power facility up to 3 MW starting operation in 2011 with a 10-year contract Table 31.6: Solar power incentives in California (USD) Table 31.7: Solar power incentives in California (EUR) Table 31.8: Renewable power operating incentives in Kentucky and Tennessee Table 31.9: Feed-in tariff rates in Oregon for solar power up to and including 100 kw from April Table 31.10: Renewable power quota in Texas until Table 31.11: Operating incentives in Washington State for renewable power ix

10 List of Figures Chapter 32: China Table 32.1: Chinese government commitments Table 32.2: Growth in electricity consumption from 2001 to 2010 in China Table 32.3: Comparison of tariff rates/income for renewable electricity by technology Chapter 33: India Table 33.1: Indian government commitments Table 33.2: Federal guideline tariffs for renewable power generation in India Table 33.3: Federal incentives for wind and solar power generation in India Table 33.4: Maximum and minimum REC prices in India: Table 33.5: Renewable Purchase Obligation in Indian states as of June Table 33.6: Feed-in tariff rates for wind power in selected states in India Table 33.7: Feed-in tariff systems in selected states in India for biomass power and CHP based on non-fossil fuel sources as of 31 March Table 33.8: Central government financial assistance provided in India for solar PV Table 33.9: Investment incentives for small hydro projects in India Chapter 34: Country Ranking Table 34.1: Comparison of generation compensation for solar PV and wind power in OECD countries, China and India in 2011 (EUR/MWh) List of Figures Chapter 1: Australia Figure 1.1: Total installed generating capacity in Australia in 2010 (MW): 53,526 MW... 5 Figure 1.2: Electricity generation mix in Australia in 2009 (TWh): Total 265 TWh... 6 Chapter 2: Austria Figure 2.1: Total installed generating capacity in Austria in 2009 (MW): 20,948 MW Figure 2.2: Electricity generation mix in Austria in 2009 (GWh): Total 68,974 GWh Chapter 3: Belgium Figure 3.1: Total installed generating capacity in Belgium in 2008 (MW): 14,953.7 MW Figure 3.2: Electricity generation mix in Belgium in 2009 (TWh): Total: 88.8 TWh Chapter 4: Canada Figure 4.1: Total installed generating capacity in Canada in 2008 (GW): GW Figure 4.2: Electricity generation mix in Canada in 2008 (GWh): Total 672,425 GWh Chapter 5: Chile Figure 5.1: Total installed generating capacity in Chile in 2011 (MW): 16,950 MW Figure 5.2: Electricity generation mix in Chile in 2010 (GWh): Total 58,257 GWh Chapter 6: Czech Republic Figure 6.1: Total installed generating capacity in the Czech Republic in 2009 (MW): 18,325 MW Figure 6.2: Electricity generation mix in Czech Republic in 2009 (GWh): Total 82,250.0 GWh Chapter 7: Denmark Figure 7.1: Total installed generating capacity in Denmark in 2009 (MW): 13,409 MW Figure 7.2: Electricity generation mix in Denmark in 2009 (GWh): Total: 36, GWh Chapter 8: Finland Figure 8.1: Total installed generating capacity in Finland in 2009 (GW): GW Figure 8.2: Electricity generation mix in Finland in 2010 (TWh): Total 77.0 GWh x

11 List of Figures Chapter 9: France Figure 9.1: Total installed generating capacity in France in 2010 (GW): GW Figure 9.2: Electricity generation mix in France in 2010 (TWh): Total: TWh Chapter 10: Germany Figure 10.1: Total installed generating capacity in Germany in 2009 (MW): 152, MW Figure 10.2: Electricity generation mix in Germany in 2010 (TWh): Total: TWh Chapter 11: Greece Figure 11.1: Total installed generating capacity of the interconnected Greek grid in December 2009 (MW): 12,491.9 MW Figure 11.2: Electricity generation mix in Greece in 2010 (GWh): Total 47,008.1 GWh Chapter 12: Hungary Figure 12.1: Total installed generating capacity in Hungary in December 2009 (MW): 8,575 MW Figure 12.2: Electricity generation mix in Hungary in 2009 (GWh): Total 35,907 GWh Figure 12.3: Renewable electricity generation in Hungary in 2010 (GWh): Total 2,843 GWh Chapter 13: Iceland Figure 13.1: Total installed generating capacity in Iceland in 2009 (MW): 2,579.3 MW Figure 13.2: Electricity generation mix in Iceland in 2009 (GWh): Total 16,835.3 GWh Chapter 14: Ireland Figure 14.1: Total installed generating capacity in Ireland in 2010 (MW): 8,462.1 MW Figure 14.2: Electricity generation mix in Ireland in 2009 (GWh): Total 28,050 GWh Chapter 15: Italy Figure 15.1: Total installed generating capacity in Italy in 2010 (MW): 106,938 MW Figure 15.2: Electricity generation mix in Italy in 2010 (GWh): Total 295,020 GWh Chapter 16: Japan Figure 16.1: Total installed generating capacity in Japan in December 2010 (MW): 228,264 MW Figure 16.2: Electricity generation mix in Japan in 2010 (GWh): Total 920,181 GWh Chapter 17: Republic of Korea (South Korea) Figure 17.1: Figure 17.2: Total installed generating capacity in the Republic of Korea in December 2009 (MW): 73,471 MW Electricity generation mix in the Republic of Korea in 2009 (GWh): Total 433,604 GWh Chapter 18: Luxembourg Figure 18.1: Total installed generating capacity in Luxembourg in 2009 (MW): 1,703.7 MW Figure 18.2: Electricity generation mix in Luxembourg in 2009 (GWh): Total 3,796 GWh Chapter 19: Mexico Figure 19.1: Total installed generating capacity in Mexico in 2009 (MW): 52,945 MW Figure 19.2: Electricity generation mix in Mexico in 2010 (GWh): Total 241,491 GWh Chapter 20: The Netherlands Figure 20.1: Total installed generating capacity in the Netherlands in 2009 (MW): 25,264 MW Figure 20.2: Electricity generation mix in the Netherlands in 2009 (GWh): Total 113,098.8 GWh xi

12 List of Figures Chapter 21: New Zealand Figure 21.1: Total installed generating capacity in New Zealand in December 2009 (MW): 9,380 MW Figure 21.2: Electricity generation mix in New Zealand in 2010 (GWh): Total 43,402 GWh Chapter 22: Norway Figure 22.1: Total installed generating capacity in Norway in 2009 (MW): 30,955 MW Figure 22.2: Electricity generation mix in Norway in 2009 (GWh): Total 131,773 GWh Chapter 23: Poland Figure 23.1: Total installed generating capacity in Poland in 2010 (MW): 35,756 MW Figure 23.2: Electricity generation mix in Poland in 2010 (GWh): Total 156,644 GWh Chapter 24: Portugal Figure 24.1: Total installed generating capacity in Portugal in 2010 (MW): 17,920 MW Figure 24.2: Electricity generation mix in Portugal in 2010 (GWh): Total 50,092 GWh Chapter 25: Slovak Republic (Slovakia) Figure 25.1: Total installed generating capacity in the Slovak Republic in 2010 (MW): 7,780 MW Figure 25.2: Electricity generation mix in the Slovak Republic in 2010 (GWh): Total 27, Figure 25.3: Total installed generating capacity of renewable electricity in the Slovak Republic in 2010 (MW): 1,074 MW Chapter 26: Spain Figure 26.1: Total installed generating capacity in Spain in 2010 (MW): 97,447 MW Figure 26.2: Electricity generation mix in Spain in 2010 (GWh): Total 279,539 GWh Figure 26.3: Total installed capacity of renewable power in Spain in 2008 (MW): 39,040 MW Figure 26.4: Renewable electricity generation in Spain in 2009 (GWh): Total 73,465 GWh Chapter 27: Sweden Figure 27.1: Total installed generating capacity in Sweden in 2010 (MW): 35,701 MW Figure 27.2: Electricity generation mix in Sweden in 2010 (TWh): Total TWh Figure 27.3: Renewable electricity generation in Sweden in 2009 (GWh): Total 15,569.7 GWh Chapter 28: Switzerland Figure 28.1: Total installed generating capacity in Switzerland in 2009 (MW): 17,579 MW Figure 28.2: Electricity generation mix in Switzerland in 2009 (GWh): Total 66,494 GWh Chapter 29: Turkey Figure 29.1: Total installed generating capacity in Turkey in 2009 (MW): 44,761.2 MW Figure 29.2: Electricity generation mix in Turkey in 2009 (GWh): Total 194,812.9 GWh Chapter 30: United Kingdom Figure 30.1: Total installed generating capacity in the UK in (MW): 84,102.5 MW Figure 30.2: Electricity generation mix in the UK in 2010 (TWh): Total TWh Figure 30.3: Total installed generating capacity of renewable power in the UK in 2010 (MW): 9,021 MW Figure 30.4: Renewable electricity generation in the UK in 2010 (GWh): Total 25,335 GWh Chapter 31: United States of America Figure 31.1: Total installed generating capacity in the USA in 2009 (MW): 1,121,686 MW Figure 31.2: Electricity generation in the USA in 2010 (GWh): Total 4,124,120 GWh xii

13 List of Figures Chapter 32: China Figure 32.1: Total installed generating capacity in China at the end of 2010 (GW): GW Figure 32.2: Electricity generation mix in China in 2010 (TWh): Total 4,227.7 TWh Figure 32.3: Total installed generating capacity of renewable power in China in June 2010 (MW): 222,337 MW Chapter 33: India Figure 33.1: Total installed generating capacity in India in December 2010 (MW): 171,616.8 MW Figure 33.2: Electricity generation mix in India in 2008 (TWh): Total TWh Chapter 34: Country Ranking Figure 34.1: Figure 34.2: Comparison of generation compensation for 499 kw building-attached solar PV in the OECD countries, China and India in 2010 and 2011 (EUR/MWh) Comparison of generation compensation for 5.1 MW onshore wind power in the OECD countries, China and India in 2010 and 2011 (EUR/MWh) xiii

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