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This law is the basis for Germany’s Energiewende and specifies 1. priority dispatch for renewable power and 2. floor price for that electricity. The resulting high level of investment security and the lack of red tape are the main reasons why the EEG has brought down the cost of renewables.
Germany began auctioning off renewable energy projects in 2017, a fundamental shift from its previous policy of feed-in tariffs. Citizen cooperatives can also bid on projects, but are at a competitive disadvantage to corporations, who are now the chief owners bigger projects such as of offshore wind farms.
Renewable energy is making progress in the EU, but it is uneven across member countries.
When heat is generated from renewable energy – such as biomass and solar thermal – one speaks of “renewable heat,” but the term can also encompass the recovery of waste heat for heating applications.
Germany’s Renewable Energy Heat Act aims to increase the share of renewable heat to 14 percent by 2020. New building owners are obligated to get a certain share of their heat from renewable energy, and owners of old building get financial support for renovations.