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Bulgaria plans further cuts in solar incentives

Thu, 07/26/2012 - 2:25am
Reuters

SOFIA (Reuters) - Bulgaria plans to cut guaranteed rates for electricity generated from new solar power parks by an average of 30 percent from September after halving the feed-in tariffs in late June, the energy regulator said on Thursday.

The State Energy and Water Regulatory Commission will seek the reductions as a solar boom fuelled by generous guaranteed rates threatens to boost consumer prices and strain the power grid in the European Union's poorest country.

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