Renewable Energy: Climate Minister Schneider Plans New Funding System

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The promotion of renewable energies should be refocused, says Minister for the Environment Schneider (SPD), who could also benefit local authorities and local residents.

pv magazine Deutschland

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In the future, Contracts for Difference will become the central funding instrument, excess profits from high electricity prices will be drained and used to reduce EEG costs. SPD Federal Environment Minister Carsten Schneider speaks of a rapid implementation.The Federal Government wants to rapidly reform the Renewable Energy Act (EEG) and use Contracts for Difference (CfD) as a central funding instrument. At the same time, excess profits from hig…