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US Congress Passes Five-Year Offshore Wind Tax Credit
The U.S. Congress has passed a year-end spending package which includes a provision that would extend the Tax Credit for offshore wind facilities at 30% through…
Natural Gas
Argentina Draws 16 Bids for Subsidized Gas Supply
Argentina received bids from 16 companies in a path-breaking auction to supply more than 70mn m3/d of natural gas at subsidized wellhead prices for power genera…
Net Zero Emission
Biden Plan to End U.S. Fossil Fuel Subsidies Faces Big Challenges
Doing so could be hard, even though Biden spent 36 years in the Senate where he is known as a dealmaker.
China
China Unveils Boost for 2021 Renewable Subsidies, Solar Wins Biggest Share
China’s Ministry of Finance has revealed subsidies for renewable energy in the country will increase by nearly 5% next year.
Energy Subsidies
UK Urged to Redirect Biomass Subsidies to Wind and Solar
BEIS receives open letter signed by 75 organisations that include public health bodies.
Rooftop PV System
Victoria Offers Additional Rebates for Rooftop Solar and Home Battery Installations
The Australian state of Victoria has doubled down on its rooftop solar and home battery subsidy programme as part of a drive to help households cover the cost o…
Electric Car
Germany to Extend Electric Car Subsidies to 2025
The increased bonus will now be extended beyond 2021, but lowered in two steps until 2025, the sources said. The extra bonus for hybrids could be scrapped altog…
Solar Power Plant
France to Reduce Subsidies for Solar Plants
France will lower its subsidies for solar plants commissioned between 2006 and 2010 in an attempt to redirect support to new renewable power projects.
Oil Shale
Argentina to Subsidize Shale Gas Production With $5.1 Billion
Argentina will give subsidies of a total of US$5.1 billion to shale gas drillers in an attempt to revive production in its Vaca Muerta shale play and attract as…
Market Analysis
Old Green Power Plants Seek to Regenerate as Germany Turns off Subsidies
Wilfried Haas owns a 3 kilowatt solar system which has been running as a micro power station since 1992, helping Germany, Europe's largest economy, curb its dep…
Market Analysis
251GW New Chinese Wind Expected this Decade
China is expected to add 251GW of new wind capacity between 2020 and 2029 but additions will take a 16% hit from next year due to the end of subsidies.
Electric Vehicle Charging
Austria Boosts EV and Charge Point Subsidies
The Austrian government is increasing purchase premiums and subsidies for charging infrastructure for zero-emission and plug-in hybrid vehicles from 1 July.
Market Analysis
UK Government's Advisers Urge it to Back Hydrogen Economy in Stimulus Plans
Official climate advisers call for accelerated support for demo projects. Meanwhile, new research shows how hydrogen could be ramped up without direct subsidies…
Biobattery
UK's Environmental Groups Urge Policymakers to End Biomass Subsidies
Environmental advocacy groups in the UK have launched a campaign to end government biomass subsidies.
EV Market
Greece Introduces Subsidies for Electric Vehicles of EUR 100 Million
The Greek government has secured EUR 100 million for subsidies for the purchase of electric vehicles.
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