Germany’s revised EEG: New life for PV or dead on arrival?
It has been a few weeks since Germany passed the long-awaited “Easter Package,” the latest iteration of the Renewable Energy Sources Act (Erneuerbare Energien Gesetz, or EEG) which includes far-reaching changes intended to accelerate renewables adoption in Germany. On the whole, writes Martin Schachinger of pvXchange, the praise outweighs the criticism because the act contains numerous improvements and makes life easier for future investors and operators – in theory, at least.
Germany’s latest update to its clean energy legislation aims to boost solar from the currently installed 60 GW to 215 GW by 2030. This would require an average of 22 GW of newly installed capacity per year. To achieve this, feed-in tariffs will see a further rise. Monthly degression will be put on hold until …
Advertisement
Advertisement
Advertisement
Advertisement