HOT TOP|Companies
Eva Jarešová|11.04.2011

Energy 21 enters solar battle

Three foreign solar investors have now formally given notice that they will launch arbitration against the Czech state over last year’s unexpected “solar tax,” according to Czech Position’s information — Voltaic Network of German, Radiance Energy Holding of Luxembourg and Cyprus-based G.I.H.G. Joining them now is the firm domestic firm, CE giant Energy 21.

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HOT TOP|Energy & Green Biz
Eva Jarešová|05.04.2011

First two foreign solar investors launch arbitration

The German firm Voltaic Network and Luxembourg-based Radiance Energy Holding have fired the first shots in the foreign investors’ legal battle against the Czech state over the surprise imposition late last year of a “solar tax,” Michal Donath of the agency Donath Business & Media, which represents the International PhotoVoltaic Investors Club (IPVIC), has told Czech Position.

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HOT TOP|Companies|Energy & Green Biz
Eva Jarešová|10.03.2011

British legal giant enters battle for solar billions

The Czech law firm Glatzová & Co., which is representing foreign investors in arbitration against the Czech state over changes affecting solar power providers, has begun collaboration with British-German law firm Freshfields Bruckhaus Deringer (FBD). According to conservative estimates, FDB’s and Glatzová & Co.’s legal representation will cost between $5 million and $10 million.

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HOT TOP|Politics & Policy
Eva Jarešová|09.03.2011

A ‘ploy’ to send solar suits quickly to Brno

Czech investors may try to pressure politicians to repeal the retroactive solar tax or file a constitutional complaint over the decision of the financial office. But lawyer David Krofta has alerted Czech Position to the “third way” his firm is pursuing with its clients; the ploy’s main advantage should be a faster trip to Brno. However paradoxical it may sound, first they must lose their cases.

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HOT TOP|Energy & Green Biz
Čestmír Klos|09.03.2011

Households got almost nothing from solar boom

Revenue from solar power stations is expected to plummet due to the retroactive tax. But at the currently legislated lower purchase price for electricity from the plants, and factoring in a further increase in electricity prices for consumers, there may be a surprise in store — the free market might offer a higher price to the solar power plant owner than the price guaranteed by state subsidies.

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HOT TOP|Politics & Policy|Energy & Green Biz
Eva Jarešová|04.03.2011

Advantages for foreign investors in solar showdown

Who can sue the Czech state over the solar investments? Why are domestic investors battling the state at a disadvantage compared to foreign plaintiffs? How will the Czech Republic defend itself? Czech Position deciphers the rules (and violations) of the great solar game.

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HOT TOP|Energy & Green Biz
Eva Jarešová|01.03.2011

State unlikely to reconcile with solar investors

The Czech state and investors in solar power plants will probably meet in front of the arbiters in a few months over the retroactive solar tax law. Both sides are employing well-thought out but utterly different tactics. After the notice of a dispute is served on the state, there will be six months for reconciliation — but few expect an amicable settlement.

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HOT TOP|Energy & Green Biz
Čestmír Klos|28.02.2011

EU criticizes ‘retro’ solar tax

EU Energy Commissioner Günther Oettinger and EU Commissioner for Climate Action Connie Hedegaard have sent a letter to the Czech Minister of Industry and Trade Martin Kocourek (Civic Democrats, ODS), expressing concern about the “retroactive” nature of the new Czech law on solar energy, which introduces a 26 percent tax on energy produced by photovoltaic plants connected to the grid in 2010 and 2009.

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HOT TOP|Energy & Green Biz
Eva Jarešová|18.02.2011

Solar investors plan joint suit against Czech state

The Czech state should brace itself for a new form of arbitration. If foreign investors in the country’s photovoltaic sector stick to their threat, within two months Finance Ministry officials who represent the state in arbitration cases can expect unpleasant notification in the post. According to Czech Position’s sources, foreign “solar” investors are planning to file a joint legal complaint against the Czech Republic.

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HOT TOP|Energy & Green Biz
Eva Jarešová|09.02.2011

Avoid the solar panels!

Countless solar panels have sprouted up in the Czech and Moravian countryside, where picturesque village churches for centuries were the dominant man-made structures dotting the landscape. On the surface of it, the photovoltaic boom that peaked at the end of 2010 may have inspired some amusing practices, but there is a dark — and essentially criminal — side to the country’s love affair with the power of the sun.

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