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Austria offers bonus to boost clean energy transition

ANI April 24, 2025 237 views

Austria is rolling out €70 million in grants to accelerate its renewable energy transition. Projects using European-made solar and storage components will get a 20% bonus. The initiative aims to strengthen regional industries and meet 2025 energy targets. Minister Hattmannsdorfer emphasized the program’s focus on boosting EU manufacturing and local value chains.

"It stands for regional value creation and a clear commitment to the European industrial location" – Wolfgang Hattmannsdorfer"
Vienna, April 24: The Austrian Ministry of Economic Affairs has announced EUR 70 million in investment grants for renewable energy projects this year, including a "Made in Europe" bonus for photovoltaic and electricity storage projects.

Key Points

1

€70M grants target 2025 renewable energy goals

2

20% bonus for European-made solar and storage components

3

Focus on inverters and battery tech for energy transition

4

Funding call starts June 2025

The Ministry stated that the funding will meet the legally stipulated minimum for renewable energy support in 2025. A bonus of up to 20 per cent will be awarded to projects that incorporate components manufactured in Europe, with the aim of strengthening regional value creation and promoting European industry

From an Austrian perspective, expertise in inverters and battery storage technologies plays a key role in advancing the energy transition.

The bonus will come into effect with the second funding call on 23rd June 2025. "It stands for regional value creation and a clear commitment to the European industrial location," Wolfgang Hattmannsdorfer, Minister of Economic Affair, said. (ANI/WAM)

Reader Comments

S
Sarah K.
This is such a smart move by Austria! Supporting local manufacturing while pushing for clean energy is a win-win. 🇦🇹💚 The 20% bonus for European components will really help our industries compete.
T
Thomas B.
While I appreciate the initiative, I worry this might increase costs for end consumers. European-made components often come at a premium - will this actually slow adoption rates?
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Lena P.
Finally some concrete action! The focus on battery storage tech is especially important. Austria could become a real leader in this field if they keep investing smartly.
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Markus W.
Great to see the June 2025 timeline - gives companies time to prepare. Hope they'll publish clear guidelines about what qualifies as "Made in Europe" to avoid confusion.
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Anna S.
€70 million sounds like a lot, but is it enough? The energy transition requires massive investment. Still, it's a step in the right direction!

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Tags:
Austria clean energy renewable grants European solar bonus Wolfgang Hattmannsdorfer energy transition
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