Calls to extend German solar storage incentive

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Sigmar Gabriel is facing calls to extending an incentive programme for storage. Image: SPD_in_Niedersachsen.

German trade association BSW Solar has called for an extension to the country’s PV energy storage incentive programme.

The call comes after it emerged that energy minster Sigma Gabriel plans to end the initiative at the end of this year by which time it will have run its planned three-year lifetime.

BSW Solar said it was “disappointed” by Gabriel’s direction not to extend funding for the programme, which was launched in 2013 to stimulate investment in storage in conjunction with PV and lower the cost of the technology.

According to BSW Solar, the incentive has driven the cost of storage units down by 25%.

But the body said this was just the first stage of the process, and that further funding was needed to achieve full cost competiveness for storage technologies.

It said the government should approve a one-off, three-year funding extension to continue the process instigated by incentive programme. BSW Solar estimated this would cost taxpayers €25 million annually.

6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.

Read Next

July 6, 2021
Vietnam remains one of the most attractive destinations of solar finance in South East Asia despite fears of market saturation, but access to capital in the region remains a key hurdle.
June 30, 2021
Israeli IPP Enlight Renewable Energy announced an agreement to acquire 90% of US solar and storage developer Clēnera for US$433 million
June 11, 2021
Construction of a 10MW solar farm as part of the UK’s first hybrid solar PV, energy storage and wind site has officially begun.
May 27, 2021
US trade body the Solar Energy Industries Association (SEIA) has started a new advocacy programme for the fast-growing energy storage sector.
April 12, 2021
British energy company ScottishPower is targeting up to 40MW of solar as part of its Green Hydrogen for Scotland project.
January 28, 2021
Rising domestic demand for solar helped Spain reach 596MW of new self-consumption PV installations last year, according to data from trade association UNEF.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK