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Austria Renewables SWOT
- 24 Jan 2022
- The country has a relatively attractive feed-in tariff (FiT) scheme.
- Transmission networks are well developed and the country continues to make investments to improve and develop grid infrastructure.
- Domestic firms benefit from expertise in a number of key renewables segments.
- Austria aims to generate all of its electricity from renewable energy sources by 2030 and has committed funding to the sector via its climate and energy fund.
- Austria's stagnant economy, low electricity consumption levels and prices have led to decreased FiT support.
- Wind power capacity is largely focused on only two federal states, as state regulations prohibit their construction primarily in Western Austria.
- Maturity of the sector could lead investors to target other emerging growth markets in Eastern Europe.
- There are numerous off-grid and alternative opportunities for biomass, such as heating and cooling or transport.
- New rebate system for energy storage and photovoltaic systems under the Austrian Climate Fund.
- Increased budget support for the domestic residential solar subsidy programme is likely to boost installations in the country.
- The mounting drive towards low carbon green hydrogen will create demand for new renewables capacity.
- The Covid-19 pandemic has disrupted business activities, created supply chain bottlenecks and weakened investment, which has the potential to threaten project development in the renewable energy sector.
- Electricity prices are falling because of extensive government subsidies for renewables power.
- Slower growth in renewables capacity could increase reliance on imports in the future.
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