The German state bank has announced new subsidies for energy storage. The scheme will subsidize storage facilities for solar energy projects to the tune of €600-€660, depending on whether the installation is new or whether it is retrofitted. The subsidies could mark a new boom in the solar electricity industry according to a new report from Citigroup.
Solar electricity and subsidies
The subsidies are targeted at commercial and residential solar projects of up to 30 kWp, which stands for Kilowatt Peak, the maximum output that can be obtained from a solar installation. Battery storage is an incredibly important part of solar electricity installations, and according to...
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