Investment NewsTrading News

European Commission approves €2.2 billion German decarbonisation grant

Most modern

The plot modified into as soon as submitted to the EC by the German authorities below the Momentary Crisis and Transition Framework. Credit: Glyn Lowe thru Flickr

A €2.2 billion (US$2.3 billion) plot to improve investment into decarbonising industrial processes in Germany has been celebrated by the European Commission (EC).

The plot, which modified into as soon as submitted to the EC by the German authorities below the Momentary Crisis and Transition Framework, will improve the electrification of industrial processes and the replace of fossil fuels with “renewable hydrogen or renewable hydrogen-derived fuels”.

This article requires Top class SubscriptionGeneral (FREE) Subscription

Unlock limitless get trusty of entry to for 12 complete months of distinctive international prognosis

Photovoltaics World is now included.

  • Smartly-liked perception and prognosis of the industry’s largest trends
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital get trusty of entry to to the PV Tech Vitality journal catalogue
  • Unlimited digital get trusty of entry to to the Photovoltaics World journal catalogue
  • Net trusty of entry to to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and digital

Or continue studying this article without cost

The funding will doubtless be delivered in roar grants to corporations or projects, with a maximum grant of €200 million per beneficiary. To be eligible for improve, projects must “lead to a carve fee of greenhouse gas emissions from manufacturing processes of no longer no longer up to 40% in comparison with on the original time”, and eligible corporations must both electrify their manufacturing processes or swap from fossil fuel use to renewable hydrogen.

Encourage will doubtless be granted by the 31st December 2025.

The Momentary Crisis and Transition Framework modified into as soon as adopted by the EC in March 2023 as segment of efforts to carve fossil fuel reliance in Europe. The framework modified into as soon as prolonged in November 2023 based totally mostly on the bloc’s response to the Russian war in Ukraine, alongside the REPowerEU plot, which goals to create vitality resilience against Russian gas imports.

Germany has been leading photo voltaic PV installations in the EU in most popular years, and PV is mostly one in all the applied sciences mature because the feedstock for renewable hydrogen adoption in industrial processes. In 2023 the nation added 14GW of most popular PV ability, roughly half of which modified into as soon as residential.

Working out PV module offer to the European market in 2025. PV ModuleTech Europe 2024 is a two-day convention that tackles these challenges in an instant, with an agenda that addresses all parts of module vendor chance; product availability, skills choices, traceability of offer-chain, manufacturing facility auditing, module attempting out and reliability, and firm bankability.

Read Subsequent

Subscribe to Newsletter

Most Read

Upcoming Occasions

Read Extra

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button