European Commission approves $30m hydro & biogas schemes in the Czech Republic

European Commission approves $30m hydro & biogas schemes in the Czech Republic

The European Commission (EC) has approved hydropower and biogas support schemes in the Czech Republic valued at US$30.1 million.

The hydropower scheme, with a total budget of $9.1 million, will support facilities with a capacity of up to 10MW.

Installations above 0.5MW will get a market premium on top of the market price and the smaller installations will receive a feed-in tariff (FiT).

The biogas initiative will provide support to installations of up to 0.5MW that will produce heat by burning biogas which is at least 70% derived from animal by-products, barnyard manure or biodegradable waste.

The scheme has a total budget of $21 million and all installations will receive a fixed premium for their heat return.

The two schemes will assist the Czech Republic reach its 2020 renewable energy targets.

The country has a goal of 14% renewable energy share in gross electricity consumption by 2020.

@RGNOnline