Finance and Incentives

  • GGF funds 1,400 solar thermal systems in 10 years

    GGF funds 1,400 solar thermal systems in 10 years

    The Luxembourg-based Green for Growth Fund (GGF) has recently entered its 11th year in operation. A pioneering public-private partnership, it was launched by the European Investment Bank and the German KfW bank in December 2009 and supports energy efficiency and renewable energy projects...
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  •  Austrian solar initiative to benefit from Covid-19 recovery plan

    Austrian solar initiative to benefit from Covid-19 recovery plan

    Solar thermal manufacturers and resellers based in Austria are coping well with the economic crisis brought on by the global Covid-19 pandemic. A survey Austria Solar conducted among its members found that more than half of the 16 businesses that responded had gained new orders under these...
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  • High scrappage bonus for oil boilers

    High scrappage bonus for oil boilers

    Germany has seen growing demand for solar energy and other renewable heating solutions since the beginning of this year. On 1 January, the country’s Market Rebate Programme, also known as MAP, started offering large incentives for getting rid of old heating systems. It made grants of 40 %...
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  • Energy spatial plans ban fossil fuel heating in Vienna

    Energy spatial plans ban fossil fuel heating in Vienna

    Austria’s capital Vienna is one of several European cities that have announced wide-ranging plans to tackle climate change. In 2014, its council published a framework strategy, called Smart City Wien, which aims for a 35 % reduction in local per-capita greenhouse gas emissions by 2030 and...
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  • UK: “Solar heat has fallen out of awareness against PV”

    UK: “Solar heat has fallen out of awareness against PV”

    When the British Renewable Heat Incentive (RHI) started in November 2011, solar thermal specialists all around Europe were enthusiastic about the implementation of a pure performance-based incentive for non-domestic applications. Unfortunately, the programme did not become the expected...
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  • Germany: “It makes sense to invest in renewable heating now”

    Germany: “It makes sense to invest in renewable heating now”

    The bill to implement Germany’s 2030 climate protection package was passed by the country’s parliament on 15 November 2019 and came into effect at the beginning of this year. It contains a wide variety of provisions that should support the implementation of the national climate action plan...
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  • Photo: Randy Martin, IEA SHC

    Kyotherm wins 2019 SHC Solar Award

    Kyotherm, a French-based third-party investor, has won the IEA Solar Heating and Cooling programme’s Solar Award for financing energy service companies (ESCOs) so end users in the industrial sector can reap economic benefits from day one. The first solar thermal project supported by...
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  • Photo: Salaspils Siltums

    15 MW SDH plant inaugurated in Latvia

    On 12 September, district heating operator Salaspils Siltums inaugurated a 21,672 m² solar field and a wood chip boiler, put up in the middle of the woods near the town of Salaspils, Latvia, to meet 90 % of demand from the local heat network. The inauguration came after a three-week test...
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  • LA Dye & Print factory

    USD 10 million to fund SHIP projects until July 2020

    The first industrial solar heat project which received funding from the California Solar Initiative (CSI) was completed at the end of 2018. Since then, 208 flat plate collectors have been supplying heat to the LA Dye & Print factory in Gardena, near Los Angeles. The system was designed...
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  • Sumersol

    Low demand for ESCO support in Spain

    In Spain, solar heat contracting has fallen short of expectations. Over the past nine years, the Spanish government has been offering low-interest loans to Energy Service Companies (ESCOs), which install, operate and maintain solar thermal systems. 29 solar heat contracts have been signed...
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  • Photo: Bioenergie Wärmeservice

    Support for 90 Heat Network 4.0 feasibility studies

    On 1 July 2017, the German economy ministry began its support for feasibility studies on climate-friendly heat networks and their subsequent construction. At the time of writing, BAFA, the government agency managing the Heat Network 4.0 programme, said it had approved 90 studies and the...
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