CEZ Group Energy Transformation and Financial Results
MODERNISATION FUND TO SUPPORT DEVELOPMENT OF
PHOTOVOLTAICS IN CZECHIA
Indicative allocation from Modernisation
fund to different grant categories
Energy
Efficiency
17%
Transport
10%
Others 4%
Heat 26%
M
Support of renewables from Modernisation
Fund
Π
In 2021-2030 CZK ~150 billion* is available for grants to
support renewables projects, out of which 60% will be dedicated
to projects of existing electricity producers
Actual amount of subsidy to be determined in auctions,
grants might fund up to 50% of total expenditure and up to CZK
6.2-7.3 m/MW**
Generated electricity will be sold at market prices
Czechia allocates first investment support for
new renewables from the Modernization Fund
⚫ CZK 1.0 bn was approved for CEZ for 17 projects with a total
capacity of 173 MW (CEZ submitted 22 projects with 211 MW).
The projects must be implemented within 60 months of the
granting.
The date of the next call is expected in Q2 2022.
*
Renewables
39%
Assuming price of carbon allowances a EUR 80/t; CZK 394 billion available in Modernisation Fund in total and 38.7% of total for renewables
**
Maximum per MW grant depends on size and technology (rooftop or ground-mounted)
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