28 Mar '13, 9pm

Germany plans to launch a €50 million solar storage incentive, latest indicator that solar storage's time has come.

Germany plans to launch a €50 million solar storage incentive, latest indicator that solar storage's time has come.

Under the program, German owners of solar systems with storage will be entitled to a low-interest loan from KfW, the state-owned bank, and a repayment allowance from the Ministry of Environment, which will cover 30 percent of the battery system's cost. The program will apply to newly-installed PV facilities with storage and solar plants with storage systems installed after December 31, 2012. Systems under 30 kW will be eligible for the subsidy. Although lack of emissions trading revenue for the Energy and Climate Fund is said to be currently delaying the program, it is predicted that it will soon move forward, possibly by the originally specified date of 1 May. This incentive will make almost any emerging energy storage technology capable of tying into a PV array cost-effective, according to Brian Warshay of Lux Research. Subsidizing a storage system's energy capacity rath...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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