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to-the-point: Czech gov okays USD-1.2bn budget for supported energy sources

Solar park in Pilsen Region, Czech Republic. Author: jeffowenphotos. License: Creative Commons, Attribution 2.0 Generic.

Sep 11 (Renewables Now) - The Czech government on Monday cleared a proposal to establish a 2018 state budget for supported energy sources, including renewables, at CZK 26.185 billion (USD 1.2bn/EUR 1bn).

The funds will be provided in the form of grants to projects generating power from renewable sources, including combined heat and power (CHP) plants. The established sum will also cover compensations for power consumed by local customers that was generated from renewable energy sources in other EU members, according to a press statement.

The proposal was made by the Minister of Industry and Trade, Jiri Havlicek.

(CZK 10 = USD 0.459/EUR 0.384)

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