Renewable power industry welcomes first draft for design of Germany’s 500-billion euro fund

Germany's renewable energy industry has welcomed a draft detailing the design of the country’s 500-billion euro special fund for infrastructure and climate neutrality. The special fund is sending “an important signal for future-oriented investments”, said Simone Peter, head of Renewable Energy Federation (BEE), despite the draft being too vague on key aspects to guarantee the money will be effectively distributed to help Germany’s goal of achieving net-zero emissions by 2045.