Czech constitutional court backs solar tax.

By bne IntelliNews May 17, 2012
The Czech Constitutional Court has upheld the validity of the retroactive tax on solar power plant investors, introduced by the government in December 2010 to cool a costly solar boom, Ceska Pozice reported. The court was approached by a group of senators concerned that the retroactive effect of the law could set a dangerous precedent. Solar power investor also criticized the law that introduced a 26% tax on solar plants with a capacity of more than 30kW and threatened the state with arbitration. The tax, which will be in force by 2013, was part of the governments efforts to ease the increasing electricity prices triggered by the solar energy boom, which was party sparked by a sharp fall in the price of solar panels while long-term guaranteed Czech prices for solar-produced power remained unchanged. As a result, the Czech Republic became the fourth largest EU country in terms of newly-installed PV capacity in 2010.
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