Review and Growth Prospects of Renewable Energy in
This trend is characteristic for Luxembourg, given that liquid fuel prices have historically been lower in Luxembourg than in neighboring countries, thereby attracting many fuel tourists.
Photovoltaic installations in Luxembourg are diverse and include rooftop solar, ground-mounted solar plants, floating installations and solar carports. From January 1, 2023, the government reduced the value added tax (VAT) on new photovoltaic installations to 3% and increased subsidies for photovoltaic installations for own needs to 62.5%.
In 2021, Luxembourg achieved a notable first in the realm of photovoltaic installations with the introduction of floating solar panels in Differdange.
Overall, Luxembourg actively promotes photovoltaic installations and has seen significant growth in the sector in recent years. Government support and various incentives are expected to continue to fuel the development of solar energy in the country.
In 2023, there was a significant increase in the number of photovoltaic installations in Luxembourg – 40 MW of new photovoltaic capacity was put into operation in 2022. The total installed capacity in the country reached 317 MW.
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