Switzerland to supply CHF 600m of solar subsidies in 2023

• Switzerland will certainly make CHF 600 million (USD 636.36 m/EUR 611.12 m) in subsidies available in 2023 to support the growth of solar power across the nation after a predicted document photovoltaics (PV) implementation this year.

The funding will certainly be distributed in the form of single subsidies for both little as well as large solar plants along with subsidies for solar systems without self-consumption.

In 2022, the new solar installments in the Towering country are anticipated to strike one more record, exceeding by 40% or 50% the level of 2021 when new solar systems with an incorporated capacity of 700 MW were connected to the grid.

In the first 10 months of 2022, applications have actually been submitted for a single subsidy for regarding 24,000 new photovoltaic systems with a complete capacity of 540 MW, up by 50% on the year.

In 2022, an one-time subsidy for little photovoltaic or pv plants (KLEIV) will certainly be dispersed for 29,000 systems with an integrated capacity of over 400 MW. The subsidies in this category total CHF 150 million.

Around 800 more solar plants with a complete capacity of 230 MW will certainly get a single payment for big photovoltaic systems (GREIV) which means that all applications submitted by October 31, 2022 will be moneyed.

In addition to these 2 systems, the revision of the Energy Act, which will certainly enter into pressure on January 1, 2023, attends to the intro of an one-time subsidy (HEIV) for solar systems without self-consumption. The subsidy will certainly hide to 60% of the costs of the system. For solar setups of 150 kW or more, the subsidy will certainly be granted by auction. The tenders will be conducted by Pronovo which is in charge of renewables subsidisation in Switzerland.

The financial backing provided to solar plants is funded by customers that have actually been paying a network surcharge of CHF 0.023 per kWh for the promo of electrical power manufacturing from renewable energy, electricity effectiveness actions and also water quality improvement considering that January 1, 2018.