POWER: Austria Plans to Support “Made in Europe” Solar, Battery Projects

Apr-23 14:43

Austria is planning to support solar PV projects with battery systems with up to 20% of the costs provided they use European components, the ministry for economy, energy and tourism said on Tuesday. 

  • The “Made in Europe” bonus will be applied from the second tender on 23 June this year.
  • The government launched the first tender on 23 April.
  • The government plans to invest €60mn in solar PV projects with batteries, €5mn in small hydropower projects, €1mn in small onshore wind projects and €4mn in biomass plants.
  • The government further plans to publish the revised renewable law in the fourth quarter of 2025.

Historical bullets

STIR FUTURES: BLOCK: Sep'25 SOFR 1Y Bundle

Mar-24 14:34
  • 5,000 SFRU5 1Y bundles (SFRU5-SFRM6) -0.060 at 1031:03ET. Likely swap-tied buying with spreads running tighter in the vicinity.

EQUITIES: EU Bank outright Put buyer

Mar-24 14:32

SX7E (20th Jun) 170p, bought for 3.4 in 9k vs 1.8k at 189.40.

EGBS: Bund put condor

Mar-24 14:27

RXM5 128/126.5/125/123.5p condor, bought for 38 in 5k.