Netherlands expands SDE++ budget to US$ 14bn, green hydrogen eligible for the very first time
- The Dutch federal government has made a record EUR13 billion (US$ 14.3 billion) offered for its 2022 Sustainable Energy Production and also Climate Transition Incentive Scheme (SDE++) that is now open to green hydrogen projects connected to a wind or solar farm.
Opening up on 28 June, SDE++ is a scheme designed to motivate firms as well as non-profit organizations to reduce their emissions by providing subsidies for renewable resource or carbon capture and also storage (CCS) projects.
In 2020, the government granted more than EUR2.1 billion in its initial subsidy scheme, SDE+, to PV projects totalling 3,440 MW capacity. Last year, it was expanded-- becoming SDE++-- to EUR5 billion.
With the EU's carbon cost expected to rise this year, the Dutch government is preparing for much less subsidies needed for previously accepted projects, making an extra EUR2 billion offered.
On top of that, the Dutch cabinet chose to release an extra budget. "As a result, the opening budget has actually been raised as soon as by EUR6 billion," said a government declaration, bringing the total pot readily available to EUR13 billion.
In addition to green hydrogen projects being qualified for federal government subsidy, so too are industrial electrification projects based on hybrid glass heating systems.
In addition, the building timeframe for geothermal energy and CCS projects has actually been included mirror the nature and also lead-in times for geothermal projects in the Netherlands.
The Netherlands has actually been gradually raising its solar capacity annually, with 3.3 GW of solar PV added last year, taking its complete deployed capacity to greater than 14GW, according to the Dutch Central Agency for Statistics.
The Dutch Cabinet has targeted a 49% reduction in greenhouse gas emissions compared to 1990 degrees by 2030, and in connection to that the Netherlands Environmental Agency expects eco-friendly electrical energy to expand to 75% of complete intake by 2030.
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