Finance and Incentives

  • Little known VAT exemption in Senegal

    Little known VAT exemption in Senegal

    Senegal could see an increase in demand for solar water heaters after the government introduced VAT exemptions for solar thermal and PV. Decree No. 010158, signed by the Minister of Finance and Budget and the Minister of Petroleum and Energy in summer 2020, states that 22 components...
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  • Five pathways for decarbonising heating and cooling

    Five pathways for decarbonising heating and cooling

    “If we intend to take the Paris Agreement seriously, we will have to accelerate the deployment of renewable technologies in heating and cooling.” This statement by REN21 Executive Director Rana Adib during a webinar in late November explains why the organisation has just published another...
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  • Hybrid solutions are key to decarbonising industry

    Hybrid solutions are key to decarbonising industry

    Industrial solar heat will be a key element of any strategy to decarbonise the industrial sector. A mid-November workshop organised by partners to the EU-funded INSHIP project explained how industrial solar heat options can become affordable when SHIP systems work in concert with other...
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  • High expectations in Brazil despite Covid-19 worries

    High expectations in Brazil despite Covid-19 worries

    The solar thermal market in Brazil grew by about 6 % in 2019, adding 1.32 million m2 (0.93 GWth) despite a turbulent economy. The surge came in part due to new commercial customers that require large quantities of hot water and followed four years of steadily declining...
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  • World´s largest solar district heating plant with concentrating collectors

    World´s largest solar district heating plant with concentrating collectors

    The Chinese parabolic trough collector manufacturer Inner Mongolia XuChen Energy  has successfully operated a huge solar district heating plant since 2016 in a village near Baotou in Inner Mongolia, an autonomous region of China. Yu Wang, General Manager of XuChen, said that there is...
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  • NewHeat secures EUR 13 million loan to finance 5 solar heat plants

    NewHeat secures EUR 13 million loan to finance 5 solar heat plants

    French project developer NewHeat has successfully closed a EUR 13 million finance deal with Triodos Bank, Germany, and Crédit Coopératif, France, to cover the costs of putting up five solar heat plants with a total capacity of 28 MWth. The project pool comprises the industrial...
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  • Little support for PV-thermal despite high yields

    Little support for PV-thermal despite high yields

    PVT applications do not receive nearly as much support as solar thermal or PV systems do. Incentive schemes especially often do not include funding for PV-thermal components. In addition, special PVT grants are offered only in Germany but not in Austria, France, Italy, the Netherlands,...
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  • Slovenia: Falling sales despite funding increase

    Slovenia: Falling sales despite funding increase

    In February, Slovenia adopted its Integrated National Energy and Climate Plan, intending to make buildings across the country carbon neutral by 2050. As a next step, the southeast European country is planning to cut energy consumption by 35 % by 2030 and, at the same time, raise the share...
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  • Grants for 600,000 renewable heating systems in England

    Grants for 600,000 renewable heating systems in England

    In early August, the UK government announced a GBP 2 billion (USD 2.61 billion) Green Homes Grant scheme that will fund up to two-thirds of the cost of home improvements, including solar thermal systems, heat pumps and insulation, for over 600,000 residential buildings. From the end of...
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  • 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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