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The German Renewable Energy Sources Act (EEG) regulates the support for renewable energy sources such as wind, solar, and biomass. The latest version of the EEG, effective since January 1, 2023, includes several changes:1. Increased FITs for offshore wind farms to reflect higher costs.2. Expansion of the feed-in tariff system to include biogas and solar installations.3. Creation of a new renewable energy source fund for additional financing.4. Increased targets for the share of renewable energy in the total energy consumption.5. Establishment of a carbon price to provide an economic incentive for reducing greenhouse gas emissions.6. Expansion of R&D activities to include new materials and technologies.7. Increased funding for international cooperation in developing countries.8. Strengthening of the monitoring and evaluation framework for a more comprehensive overview.9. Establishment of a review and revision process to ensure the act remains up-to-date and effective.10. Greater emphasis on integrating renewable energy sources into the grid, including a grid connection fund and deadlines for installation connection.
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Renewable energy
German Renewable
energy sources
energy
EEG
Renewable
German
sources
increased
regulates
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