The
French Government has announced that a ten percent premium is to be added to rates paid through its
Feed in Tariff (FiT's) for
solar photovoltaic (PV) generation. The President's office noted that Photowatt is the sole domestic manufacturer of PV cells, and cited the company's research in PV cell technology as an important asset.
"France is committed very strongly in favour of solar energy and strengthening the industrial sector associated with it," stated President Nicolas Sarkozy. "In this context, the resumption of Photowatt was more than a duty, it was a necessity."
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