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Renewable Energy: Amendment of the Austrian Green Electricity Act Doubles Funding

July 2017 - Projects, Energy & Natural Resources . Legal Developments by Schönherr.

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After four months of negotiations, the Austrian National Council has finally reached an agreement on the amendment of the Green Electricity Act ("Ökostromnovelle"). The required two-thirds majority was reached by a last minute agreement between the coalition parties and the Green Party. The aim of the new legislation is to increase the percentage of green electricity and to achieve an expansion of renewable energy in Austria. read more...