Luxembourg allocates 43.3 MW of PV in first self-consumption tender
10 June 2023Luxembourg's Ministry of Economy and Ministry of Energy have chosen 85 projects totaling 43.3 MW in the country's inaugural solar self-consumption tender. The selected projects will receive €16.1 million ($17.2 million) in rebates out of a €30 million budget.
The tender encompassed three project categories: installations ranging from 30 kW to 200 kW, with a subsidy ceiling of €810/kW; arrays with an installed power of 200 kW to 500 kW, with a subsidy ceiling of €610/kW; and PV systems with a capacity between 500 kW and 5 MW, with a subsidy ceiling of €530/kW.
The third category secured the largest portion, with 32.7 MW of assigned capacity and €9.7 million in funds. The second category obtained 8.24 MW and €3.2 million, while the first category was awarded 5.37 MW and €3.0 million.
The chosen developers now have 18 months to finalize their projects. Economy Minister Franz Fayot stated, “We are directing investments towards renewable energies and encouraging more industrial and service companies to invest in energy independence and renewables.”
The ministry plans to launch the second tender of this kind in July. As of the end of 2022, Luxembourg had approximately 319 MW of installed PV capacity, with around 42 MW of new solar additions last year, according to the International Renewable Energy Agency.
Related
-
Dubai approves designs for $35bn Al Maktoum airport
29 April 2024
-
Aramco, China’s Rongsheng plan Saudi liquids-to-chemicals project expansion
29 April 2024
-
Oman Cement to invest in captive waste-to-energy unit
29 April 2024
-
Globeleq acquires the 25 MWp Winnergy solar PV plant in Egypt
29 April 2024
-
SEPCO Signs MGS gas booster station Contract with Aramco
29 April 2024
-
Saudi Arabia awards Urbas the construction and development of almost 600 homes in Riyadh
28 April 2024