Apparently, Germany can still expect to see the introduction of storage subsidies on May 1. According to Wolfram Schweickhardt, Kreditanstalt für Wiederaufbau (KfW) spokesperson, the bank is not aware of any reason for the program not to start next month.
However, while the refinancing of loans by KfW is set, the financing of the grant from the Federal Environment Ministry is still open. Schweickhardt additionally told pv magazine that KfW is still waiting for the green light from Berlin.
The Environment Ministry declined to comment on the start date of the storage program. Officially, the Environment Ministry is still looking for ways to finance the subsidies. A decision in the coming days has not been excluded. However the amount of funding available is unclear. According to sources, the issue currently depends on the Finance Ministry.
Originally, support was expected to come from Germanys energy and climate fund. However, due to the sharp drop in CO2 certificate prices, there is not enough money in the pot, which also pays out funds to other climate change programs.
Germanys Federal Environment Minister, Peter Altmaier stressed at the recent Energy Storage conference in Düsseldorf, held around a month ago, that he wanted to see the introduction of energy storage subsidies on May 1.
Translated by Becky Beetz.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.