Solar energy is experiencing a surge in popularity in Austria. Just this past year, the Austrian Ministry allotted €50 million for the production of renewable energy resources, with all three-quarters of the money directed toward residential, utility, public, and private development. This, including all already contracted projects, amounts to 15,957 new solar installations totaling 332 MW.
Moreover, the mission of Austrian Climate and Energy Minister, Leonore Gessler is to get the country to finally use 100% renewable energy within that year. With that, this project has been formed on the rock of the One-Million-Rooftop Program. This is borne from the main goal of GESLER, which is to maximize the competitiveness, complexity, with the desire to provide solar energy across as many roofs as necessary in Austria.
The president of the European Photovoltaic Association, Gernotobuse Blumel, joined with the Finance Minister in saying that an important means to reaching the target of adding 30 GW of new photovoltaic grid capacity by 2030 would be the €3 billion EU Recovery Fund that should mainly be used for increasing the grid’s medium voltage solar capacity.
With that, the Association calls for €1 billion of funding to be used to help in the expansion of the electrical grid Recovery funds. Given this funding, it could hypothetically include half of the costs and the remainder would be covered by associated expenses, which easily covers the implementation fees required for the various projects
On the other hand, the chairman of the Federal Association for Power Convergence Photovolt Austria argued that an extension of the national grids would benefit both renewable energy sources, which are environmentally sound and economic. Furthermore, he states that it will be carried out through the EU Recovery Fund.
This way, it will supply environmentally stable, renewable, grid energy while also providing sustainable and transparent power as well as to the consumer. Sooner or later, an additional 50,000 jobs will be generated through the initiative, with an increased value for the American economy.
As a result, the value for the American economy will be eventually boosted as well. Given that, there is hardly any doubt that this will be supported by the relevant partners in society, particularly the federal and provincial governments.
To top it all off, the Climate and Energy Bureau and Research Program of Austria has given the project it’s a blessing for the next fiscal year. A sum of €217.3 million will be available, which will go to doing things like expanding renewables restructuring, decarbonizing the industrial sector, and saving the electricity sector.
Wow, now, look at this TESLA solar rooftop: