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Netherlands introduces solar power subsidy

2008-01-31 by renewenergy

Dutch Economics Minister Maria van der Hoeven has announced the introduction of a government subsidy for power generated by solar panels.

The subsidy would amount to 33 euro cents per Kilowatt-hour, which means it would take around 15 years for people to recover their investments.

The subsidy forms part of a new policy intended to stimulate sustainable energy. The policy also includes subsidies for wind power and biofermentation.

An earlier subsidy on solar panels was scrapped because the then economic affairs minister decided it had become too expensive.

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