feed-in tariff

noun

1. a payment above the market rate paid to a small-scale producer of renewable energy by a large energy provider

Example Sentences

In Spain, for example, the feed-in tariff was a huge government incentive assuring the owner of the plant a high price for its electricity.

From Scientific American

Commercial operations commenced in June 2019 at the Merkur wind farm and the project benefits from a feed-in tariff for the next 13 years.

From Reuters

The scheme is projected to produce 1.8 megawatts of electricity - enough to power about 3,600 homes - with a feed-in tariff which should alone account for £600,000 annually.

From BBC

As the United States cedes its leadership role in the climate fight, China has gone the opposite route, rolling out more than 100 policies over the past decade aiming to reduce both energy use and greenhouse gas emissions, including adding enormous solar and wind installations to its energy grid and introducing a feed-in tariff that guarantees prices for producers of renewable energy.

From Salon

Last year, new capacity dipped slightly, mostly due to a slowdown in the world’s largest solar PV market, China, which ended feed-in tariff subsidies for new projects.

From Reuters