Sentences with phrase «arrays at a guaranteed price»
Germany built its solar program with a pricing mechanism called feed - in tariffs, in which money collected from ratepayers is used to buy surplus power from owners of rooftop photovoltaic arrays at a guaranteed price per kilowatt - hour.
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Under the Renewable Energy Act, which has been imitated around the world, any renewable power investor — be it a household installing a solar array on the roof, a cooperative erecting a windmill, a farmer running a biogas installation, or an institutional investor operating an offshore wind park — could sell their green electricity at a guaranteed price above wholesale market price, fixed in advance for 20 years (for more details, see the factsheet Defining features of the Renewable Energy Act (EEG)-RRB-.