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Published on April 17th, 2013 | by Zachary Shahan

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Germany’s Energy Storage Incentive To Start May 1

April 17th, 2013 by  


We covered Germany’s coming energy storage incentive back in February. At the time, an official announcement was expected a week later. A couple months later, the incentive seems to be fully determined and is set to start on May 1.

Germany solar panels & flag via Shutterstock

Germany solar panels & flag via Shutterstock

As reported in February, the focus is on battery storage technology for solar PV systems. For year one, €25 million is being set aside. The money is going to be dished out by German state bank KfW, which just announced a record profit of €2.4 billion (yes, billion with a ‘b’) for last fiscal year.

“The state bank will provide the financing, thus initially covering the necessary funds for the support program. Overall, the funding program is expected to run for two years; €25 million should also be made available in 2014,” PV Magazine writes.

“From May 1, the purchase of new battery storage for photovoltaic systems will be subsidized up to €660/kW of solar power, said Germany’s solar industry association, BSW-Solar, in a statement released. Plant operators can apply for financial support for photovoltaic projects that are installed in 2013 and have a maximum capacity of 30 kW.”



Here are some more rules: The incentives can cover about 30% of the battery costs. The “soft loans” can be for 5, 10, or 20 years. The PV power plant that the battery system supports must send at least 60% of its power capacity to the grid — a requirement that sticks throughout the course of the power plant’s life. And, lastly, the battery systems granted these incentives must have a guarantee of at least seven years.

The policy certainly doesn’t seem to leave room for manipulation, and its targeted use seems pretty clear.

Thoughts? 


 

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About the Author

is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA] — after years of covering solar and EVs, he simply has a lot of faith in this company and feels like it is a good cleantech company to invest in. But he does not offer (explicitly or implicitly) investment advice of any sort on Tesla or any other company.



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