Email this page Email Print this page Print Feed Feed

Czech Renewable Market Booming

Posted on February 10, 2010

The EU and the Czech government are currently providing special investment incentives for biogas plant projects in the Czech Republic. As the per-capita carbon dioxide emissions in the Czech Republic are high up on the global list, there is a great need for reduction of CO2 emissions.

In line with the EU climate protection goals, the government intends to generate 10% of the energy from alternative sources by 2010. Therefore, the Czech market for renewable energies is currently experiencing a veritable boom with biogas plant manufacturers like WELtec BioPower GmbH, Vechta, Germany benefiting from this development.

As early as 2005, an attractive feed-in act for ecological power generated by decentralized plants started to trigger a rapid increase in the production of electricity from green sources. The feed-in tariffs are capped in terms of the time and amount: depending on the biomass used, Czech power producers receive 12.9 or 15.2 ct/kWh for a period of 15 years. The eco tax, which was introduced in 2008 and which makes fossil energy sources more expensive, serves as an additional incentive.

All in all, the European fund is offering US$ 6.8 billion for environmental projects until 2013. In addition, the European Agricultural Fund for Rural Development backs a rural development program which provides farmers with a total of US$343 million for agricultural diversification and alternative energy sources. In this way, it will be possible to co-finance about 160 plants in the Czech Republic. Agricultural plant operators can benefit from investment subsidies of up to 30%.

For more information: www.weltec-biopower.de

Add your comment: