KfW bank takes steps to incentivize Germany’s renewables uptake

Facebook
Twitter
LinkedIn
Reddit
Email

Considering the country’s decision in 2011 to phase out nuclear power by 2022, Germany has made a smart decision to take definite steps towards incentivizing the uptake of renewable energy technologies from a fiscal point of view. The country recently reached the point where 20% of its electricity is generated from renewable sources, and in order to maintain this rise in uptake, the federal KfW bank group has increased its lending in the multimillion euro business loan sector.

Germany boasts the world’s strongest installed PV figures and is also the European leader in terms of wind power, with plans to undergo a major expansion in the offshore segment.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The revised plan as proposed by KfW has resulted in the bank’s stepping up of its lending policy for small businesses, which now renders companies with annual revenue of up to €3 billion as eligible to apply for the renewables investment loans. Loans of up to €25 million have also been made available to support research and development of energy storage, transmission, production and efficiency techniques.

“With such a large share of renewable energy in the mix, it is becoming more urgent to implement smart grid and storage technologies to balance the fluctuating supply. Germany is making an exceptional team effort to achieve our ambitious goals, with businesses, banks, researchers and the government all working together”. said Heiko Staubitz, renewable energy expert at Germany Trade & Invest in Berlin.

Read Next

September 16, 2025
Sunotec has launched Sunotec Nordic to spearhead solar and hybrid renewable project development across the Nordic region.
September 16, 2025
The SPPC has launched a request for qualifications for 5.3GW of new renewable power capacity, of which solar will account for 3.1GW.
September 16, 2025
Chinese polysilicon producer GCL-Tech has entered into a strategic financing agreement with Infini Capital, a globally renowned investment institution backed by a Middle Eastern sovereign wealth fund.
Premium
September 16, 2025
At RE+, industry leaders pointed to the resilience of the US solar sector, despite challenges brought by the 'One Big, Beautiful Bill' Act.
September 16, 2025
IB Solar is investing INR30 billion (US$340 million) in a 4GW TOPCon solar cell and module manufacturing plant in Jewar, Uttar Pradesh.
September 16, 2025
Two of the major European solar trade associations, the European Solar Manufacturing Council (ESMC) and SolarPower Europe (SPE), have called for EU policymakers to take measures supporting European solar manufacturing.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines