Renewable energy deployment began in 2010. Before that, green energy sources were so expensive that they could not compete with fossil fuel sources. Therefore, they need a small “kick” to take the energy industry up and spur more investors.
That's why renewable energy subsidies started rolling out around the world, starting in European countries with mechanisms like tax exemptions implemented with great success in Germany and the UK. Other mechanisms are also in place to promote strongly such as large-scale renewable energy power plants, large and small solar energy projects... are encouraged by the government.
Not far away, in Vietnam, the State also continuously offers very attractive policies to mobilize people and businesses to take advantage of the endless source of solar energy that nature gives by financial support. requires the power company to buy back electricity from the PV system's production at an attractive price...
Incentive policies for solar energy are significant in developed countries around the world
To calculate the cost and value of installing a solar power system at home or business, first understand how government incentives are available to the solar industry. Moreover, understanding all these mechanisms can help us to grasp the right opportunity as well as the right time to build the best and most money-saving solar project.
source https://blognewszin.blogspot.com/2021/11/subsidies-to-renewable-energy-industry.html
from Tennisladys https://ift.tt/3F0DhvC
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