Why are Czech businesses investing in renewable projects without subsidies?
The subsidy increases to cover up to 75% of costs for community projects. But what we noticed at Wattstor is that Czech businesses are investing in renewable projects even in the absence of subsidies, because they have realised the strong business case for generating clean energy on site.
What is a solar inverter?
The solar inverter or inverter converts direct current into alternating current, thanks to which the energy from the photovoltaic system can only be used. We offer classic or hybrid (mains and battery) inverters with different performance and characteristics.
Is there a potential for solar installations in Europe?
There is a huge potential for solar installations, with ideal climate conditions and substantial funding coming from the EU. The situation is similar in other areas of Central and Eastern Europe, where Wattstor has already completed a number of successful renewable energy installations – such as Poland, Croatia and Slovakia.
Are pumped hydroelectric energy storage plants eligible for state subsidies?
The current pumped hydroelectric energy storage plants are considered to be electricity producers and must hold the respective licence in accordance with the Czech Energy Act. Pumped hydro storage projects are not eligible for any state subsidies.
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