Green energy is under threat

Once the EU decided to stop subsidizing alternative energy, many countries began to wind down in the production of green energy and started to raise fares.

Spain, Italy, Germany and other members of the EU reveal solidarity in the gradual abolition of the favoring policies.

In Italy, the law now prohibits the construction of alternative power plants with capacity over 1 MW, and a promotional fare is canceled for the period from 2011 to 2013.

In the UK analysts are concerned about the fact that many people remain unemployed, and the company goes bankrupt if it is forced to suspend production.

Germany plans to reduce the production of green energy up to 1 gigawatt per year, and since the beginning of the year subsidy from the state is considerably reduced. Reduction of financial support will contribute to higher prices in the market and the appearance of several new companies which will be able to compete.

As for Ukraine, in 2011 it has attracted the attention of several foreign companies. Projects for the construction of solar power plants still work. The conflict with Russia has led to seeking of other sources of energy. Alternative energy was one of the best options. The Ukrainian government is not that categorical in subsidizing the industry as in the above-mentioned countries. A good advantage is the fact that the producers of alternative energy are exempt from income tax up to 2020.