With the ‘Made in Europe’ bonus, Austria is giving a significant boost to domestic and European production in the energy sector. OeMAG supports the energy transition and promotes PV systems made in Europe with up to 20 percent higher investment subsidies.
With the “Made in Europe” bonus, which has been legally regulated since the end of July, Austria is taking an important step towards supporting domestic and European production in the energy sector.
OeMAG acts as a central processing point for green electricity and actively supports the energy transition. “The legislator wants to prioritize the promotion of photovoltaic systems and electricity storage systems produced in Europe as part of the Renewable Energy Expansion Act, in order to create a home advantage for products produced in Europe,” explains OeMAG board member MMag. Gerhard Röthlin in an interview with the “Krone”.
150 million euros for investment financing
The arrangement to implement the bonus is currently still under consideration; the legal framework allows for a surcharge of up to 20 percent on the investment subsidy for products and technical components with European added value.
“The federal government has made a total of 150 million euros available for investment financing this year, of which 135 million for investment subsidies for PV systems. Only systems with 35 kWp or more benefit from this, because smaller systems generally benefit from the VAT exemption,” says Dr. Horst Brandlmaier, board member of OeMAG.
In addition to investment subsidies, OeMAG also awards business subsidies in the form of market bonuses – these are also becoming increasingly popular for smaller systems. In particular, the market price on the European electricity exchanges has been subject to exceptionally large price fluctuations in recent years.
Challenges in the energy market
Experts see the need to add sufficient flexible capacities to compensate for imbalances on the demand and supply sides.
The necessary expansion of the network infrastructure is also seen as a central challenge for renewable energy, according to OeMAG management. “For security of supply, strong electricity grids are needed to absorb the enormous power peaks,” Röthlin explains.
The prerequisite for this is both the expansion and the intelligent use of the electricity grid infrastructure. Nevertheless, they are optimistic: the growing demand for clean energy promises a positive future.
Source: Krone
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