Germany

Germany

Renewables support but not for wind

The German government last month launched a new program to support the use of renewable energies, but wind energy is not a beneficiary. Solar collectors, biomass, hydro plant and geothermal generated renewable energy projects can apply for subsidies of 20-30% of their capital investment and apply for low interest loans. Running until 2003 the program's budget is DEM 1 billion. Heat pumps, a favourite with Germany's utilities, will only be supported if the plant use energy from a renewables source-as long as it is not wind. Biomass, biogas, hydro and geothermal energy stations will also be supported, but only if they are also funded under regional and local government programs. The subsidies will be administered by the federal economy office, Bundesamt für Wirtschaft, while German development bank Kreditsanstalt für Wiederaufbau will handle loans.

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