Solar power companies still lobbying for FiT increase, consider exiting projects

Seven companies signed on to the second phase of the feed-in tariff (FiT) program are reportedly considering backing out due to the rising costs, sources tell Al Borsa. The move appears to be the latest attempt by solar power companies to push for an increase in the tariff, and the first since the electricity ministry raised the companies’ tab under the new cost-sharing agreement. The companies, which were unnamed, are in talks with the Electricity Transmission Company to negotiate the possibility of raising the FiT and getting some tax breaks and incentives to offset the impact of added cost, the sources added.