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Energy Ministry To Support 46.3 MW Solar for Businesses With €16.1 Million State Funding

  • Luxembourg has completed its 1st solar auction for self-consumption of businesses
  • A total of 85 projects have been selected to avail of €16.1 million funding and come online within 18 months
  • 75 companies who were adjudged winners are expected to invest €44.4 million to energize this capacity
  • Government plans to hold a second auction in this category in July 2023 which will be finalized in October 2023

Luxembourg’s Ministry of Energy and Spatial Planning and the Ministry of Economy have announced the results of the country’s 1st call for PV installations for self-consumption of commercial and industrial (C&I) segment selecting 46.34 MW to be supported by €16.1 million state aid.

Of the 106 projects submitted for the tender round, the government selected 85 projects from 75 companies who will invest €44.4 million to bring these online over the next 18 months.

Entire capacity was awarded under 3 lots of 30 kW to 200 kW, 200 kW to 500 kW and 500 kW to 5 MW with subsidies capped at €810/kW, €610/kW and €530/kW, respectively.

Details of the winning projects, their location and individual capacity are available on the government website.

“The interest of all types of companies for this measure which helps them to produce, in whole or in part, their own energy shows that we have managed to lay the groundwork for a more sustainable economy,” said Economy Minister Franz Fayot.

He added, “With such measures we are directing investments towards renewable energies and we are encouraging more and more companies, industrial, craft or in the service sector, to invest in their energy autonomy and in renewable energies.”

The government plans to hold another auction in July 2023 which will run till October 2023.

Source from Taiyang News

The information set forth above is provided by Taiyang News independently of Alibaba.com. Alibaba.com makes no representation and warranties as to the quality and reliability of the seller and products.

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