19th May 2014

Competitiveness: Changes in subsidies for renewable energy sources

An amendment to the Act on Subsidized Energy Sources (Amendment) has brought significant change for all producers of electricity and heat from renewable sources and from combined heat and power (CHP) generation.

Effective from 1 July 2014 joint-stock companies (a.s.) can continue to  receive subsidies only if their shares are dematerialized, i.e. registered in the Central Securities Depository. This requirement necessitates that either the company’s statutes are changed or the company is converted into a limited liability company (s.r.o.) latest by 30 June 2014.

Members of the American Chamber of Commerce in the Czech Republic