German green heating scheme approved by EU

The German government’s 3-billion-euro plan to promote waste heat and renewable energy-based district heating programs has been approved, according to the European Commission, which claimed it would help the EU and Germany meet their climate change goals. The 2.98 billion euro program would support green energy by providing government funding through 2028 to projects that decarbonize existing networks or build new district heating networks that use at least 75% renewable energy and waste heat.

The scheme aims at:

  • Increasing the use of waste heat and renewable energy in the heating industry to reduce emissions significantly
  • Assisting with the annual installation of 681 MW of capacity for renewable heat production
  • Assuming up to 40% of projects’ qualifying investment costs

To read more, visit here.