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“The Renewable Expansion Act is ready and with it the central building block on the way to 100 percent electricity from renewables by 2030,” Gewessler said at a news conference Wednesday. “The next ten years will determine the success of the energy transition in Austria.”
The review period was set at six weeks, the notification to the EU Commission parallels this: the responsible commissioners have been notified that there is press because the law will come into force on time at the end of the year, according to the Ministry of Climate Protection.
The pillars of the EAG
The financing cost for the expansion of renewables must not exceed one billion euros per year, calculated over three years. The goal is 27 TWh (terawatt hours) of renewable generation; today it is around 55 TWh, which means that around two thirds of electricity generation can currently be covered by renewable energy, the remaining third will be added by 2030.
One of the objectives of the EAG is to give project operators, for example for wind turbines, more stability and security in planning. This includes the funding period being set uniformly for all technologies (photovoltaic, wind, hydro, etc.) over 20 years, at the same level as in other countries. So far, for example, wind power generators have complained that due to the current 13-year funding period, many systems were no longer eligible for funding prior to their technical depreciation period. The amount of the bonus will decrease because the funding is spread over a longer period of time.
