Austria introduces “Made in Europe” solar subsidy bonus
- Admin
- Jun 11, 2024
- 1 min read
The Austrian government introduced a 'Made in Europe' subsidy bonus for European photovoltaic components to ensure European production competitiveness against international competition. The subsidy bonus under Austria’s Renewable Energy Expansion Act involves funding solar installations with up to 20% of total value depending on the use of European components. The 'Made in Europe' bonus aims to support companies in Austria and Europe by providing higher subsidy rates for installing European products in new solar power plants. European leaders emphasized the importance of fair competition and strategic advantages in decarbonization technologies production.
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