The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the north, Germany to the west, Austria to the south and Slovakia to the east. Its capital and largest city, with 1.3 million inhabitants, is Prague. The Czech Republic includes the historical territories of Bohemia and Moravia and a small part of Silesia. The population of the Czech Republic is 10,352,284 at the end of 2022, and 73.5 % of the population is urban (7,326,511 people in 2022). The total land area is 77,240 Km2 (29,823 sq. miles).
In the last few years, the Czech Republic has been the focus of investors’ interest. The political stability and predictability due to the NATO membership and the EU accession, the stable economic perspective and the growing credit rating of the country and its institutions were only some of the elements attracting the investors’ interest. External investors have been attracted by rapidly developing national industry, highly skilled workforce and significant new market.
By 2007, the Czech solar photovoltaic market was undeveloped, with only 4 MW of cumulative installed capacity. The favourable renewable energy law with a very attractive feed-in tariff led to an uncontrolled boom in solar PV installations without adequate government reaction between 2009 and 2011, when almost 2 GW of capacity was installed. In early 2011, the Czech government imposed a retroactive 26 % tax on the income of previously installed PV plants between 2009 and 2010, and this action brought panic and raised international scandal. A lot of concerned investors started court trials against the government. Also, the Czech Republic stopped feed-in tariff and subsidising photovoltaic installations completely from 1 January 2014, regardless of the size of the photovoltaic power plant.
However, Renewable Market Watch™ registered that after a 6-year stagnation in the solar photovoltaic market in the Czech Republic since 2018, the activity in the small-scale residential and commercial segment increased. The Czech Ministry of Environment announced at the beginning of June 2021 the start of the RES+ program with an initial budget of CZK4.5 billion (€182 million, $216 million). This is a rebate scheme for the support of solar photovoltaic projects supported by the EU’s Modernisation Fund. The projects with a capacity below 1 MW and above 1 MW will be available to apply for funding through the competitive procedure.
The report provides a complete picture of the market situation, dynamics, current issues and future prospects. You will find more than 120 pages of valuable information in this unique, in-depth analysis of the Czech Republic's solar photovoltaic (PV) market and will receive an overview of how COVID-19 (Coronavirus) recovery and the European Union's decision to make a significant reduction of Russian gas and other energy commodities import will impact it. With comprehensive market data, this report brings clear and concise insights to help investors in their decision-making process. As 2022 was a challenging year for the solar photovoltaic (PV) market industry, the time for making the right decisions during 2023 and the next few years is limited. The fast-changing market environment requires relevant and accurate information. For your convenience, we offer the opportunity for orders with customized report content. Reasons to buy this market report are, but are not limited to:
- Overview of the Czech political and economic environment
- Solar resource potential in the Czech Republic
- Financial Model and Analysis of 50 MW Photovoltaic (Solar PV) Power Plant investment in the Czech Republic (IRR, WACC, Payback, NPV, Cash Flow, etc.)
- Over 55 charts, tables and maps
- Overview of the Czech photovoltaic market development 2012 ÷ 2032
- Grid-connected photovoltaic installations
- Future market trends and planned photovoltaic projects for 2023 ÷ 2032
- Market prices of fully permitted and operational photovoltaic projects
- The Czech Republic's legal and energy regulatory framework for renewable projects
- Key companies and competitive landscape in the photovoltaic sector
- Review of most relevant financing and supporting incentives
- SWOT Analysis (detailed in 5 pages)
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