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RWE plans renewables profit share with German authorities to improve local acceptance of energy transition

November 19, 2022
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RWE plans renewables profit share with German authorities to improve local acceptance of energy transition
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A 196MW photo voltaic facility from RWE within the US state of Georgia. Picture: RWE.

German utility RWE will supply earnings to municipalities the place one in all its wind or photo voltaic farms is situated as a part of an growth of the German Renewable Energies Act (EEG).

Commencing from 1 January 2023, the transfer will see German municipalities capable of obtain €0.002/kWh of vitality produced by RWE installations inside their boundaries. Till now, solely municipalities by which wind energy had been put in since January 2021 had been capable of profit, however the modification widens the scope to incorporate any lively renewable vitality undertaking.

“A clear and safe electrical energy provide wants the growth of renewable energies. The stipulations for this are areas for wind and photo voltaic crops in addition to the acceptance of the native residents – additionally for current tasks,” mentioned Katja Wünschel, CEO of onshore wind and photo voltaic at RWE Renewables Europe and Australia.

“If we give municipalities a monetary share of the earnings from renewable vitality crops, everybody will profit. The voluntary municipal levy might help to speed up the vitality transition.”

RWE mentioned that the EEG is an effective alternative to extend photo voltaic and wind acceptance in native communities, and people with extra highly effective, trendy crops will reap better advantages. The scheme is voluntary, topic to subsections of the Renewable Vitality Sources Act, 2023.

Earlier this yr, RWE issued an enormous €2 billion (US$2.07 billion) inexperienced bond to pursue photo voltaic and wind tasks in Europe and different markets. Shortly earlier than, in March, its CEO mentioned that renewables deployment ought to be a high precedence for policymakers in mild of the battle in Ukraine.

See also  Biden dedicates $10 million to jump-start solar energy careers in underserved communities

In Might, the EU scaled up its REPowerEU scheme, and just lately fast-tracked photo voltaic allowing and deployment with an emergency regulation.

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Tags: acceptanceauthoritiesEnergyGermanimproveLocalPlansprofitRenewablesRWESharetransition
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