Executive Decree No.004/11 on Feed-in Tariff for non-conventional renewable energy sources

The Decree re-introduced a Feed-in Tariff (FiT) for non-conventional renewable energy sources (PV, wind, solar thermal, biogas, geothermal) with a capacity below 50MW. PV-technology receives the highest tariff (USD0.40/kWh on the continent, USD0.44/kWh on the Galapagos Islands), valid for 15 years. These tariffs are reserved only for non-conventional renewable energy projects selected by the government and that will together supply a maximum capacity of 6% of the national installed on-grid capacity.