Vienna [Austria], April 24 (ANI/WAM): The Austrian Ministry of Economic Affairs has announced EUR 70 million in investment grants for renewable energy projects this year, including a "Made in Europe" bonus for photovoltaic and electricity storage projects.

The Ministry stated that the funding will meet the legally stipulated minimum for renewable energy support in 2025. A bonus of up to 20 per cent will be awarded to projects that incorporate components manufactured in Europe, with the aim of strengthening regional value creation and promoting European industry

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From an Austrian perspective, expertise in inverters and battery storage technologies plays a key role in advancing the energy transition.

The bonus will come into effect with the second funding call on 23rd June 2025. "It stands for regional value creation and a clear commitment to the European industrial location," Wolfgang Hattmannsdorfer, Minister of Economic Affair, said. (ANI/WAM)

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