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Luxembourg increases financial support for solar energy
Luxembourg

Luxembourg increases financial support for solar energy

15.09.2017 From our online archive
Solar energy contributes 22% to the production of electricity from renewable sources in Luxembourg, which in 2017 will for the first time cover more than half of household electricity consumption.

The Luxembourg government is increasing financial subsidies for solar energy as it takes steps to reach a national target of 11% renewable energy consumption by 2020.

Solar energy contributes 22% to the production of electricity from renewable sources in Luxembourg, which in 2017 will for the first time cover more than half of household electricity consumption.

However, only 7% of total electricity consumption in Luxembourg is covered by renewables.

The government is taking measures to further promote solar energy by extending investment subsidies to help with the installation costs of solar panels generating 30 kilowatts (kW) or less and by extending 15-year feed-in tariffs to installations above 30kW.

State Secretary for Economic Affairs Francine Closener said on Wednesday that the lower cost of energy installation meant households or members of a cooperative could benefit from additional revenues while also improving renewable energy consumption.

For facilities generating 0-30 kW, individuals, companies, civil societies and cooperatives, municipalities, will be able to claim an investment allowance of 20% of the investment cost.

There will be a 15-year feed-in tariff of €0.169/kWh for first power in 2017, €0.145/kWh for 2018 and €0.121/kWh for 2019.

For solar panels that generate 30kW-200kW, co-operatives or civil societies composed of at least seven people are not eligible for an investment subsidy but are being offered 15-year feed-in tariffs.

These will vary from €0.1504/kWh to €0.1255/kWh depending on the size of the panel and when it first receives power.

(Hannah Brenton, hannah.brenton@wort.lu, +352 49 93 728)