Czech government to attract more investments in renewable technologies

The Czech government approved a new programme to support strategic investments in clean technologies to increase the country’s attractiveness to foreign investors. Investment through this programme is expected to amount to at least 100 billion korunas (4 billion euros) by 2033.

The programme focuses on innovation and production in areas such as batteries, solar panels, wind turbines, heat pumps, electrolysers or carbon capture equipment, including key components and critical raw materials necessary for their production. Projects must meet strict environmental conditions and their implementation must guarantee high efficiency and sustainability.

“In order to remain competitive, we need to actively create opportunities and be an attractive country with favourable conditions for investors,” said Minister of Industry and Trade Lukáš Vlček. “This programme will attract investment in key areas such as renewables, electro-mobility and decarbonisation technologies, which are essential for the transition to a climate-neutral economy. Attracting this investment will also bring new opportunities for the Czech industry. Investors will need local suppliers and components, which will support other Czech companies and their involvement in globalised production chains.”

The call for applications is expected to be launched in early 2025. Applications for support will be open until September 2025. The minimum investment per project is 2.8 billion korunas. This threshold corresponds to an amount of EUR 110 million, from which individual notification for investment incentives is required. “While really large investments will be supported, there will be no need for individual approval by the European Commission as the programme should be notified as a whole,” explained Petr Očko, Senior Director of the Digitalisation and Innovation Section of the Ministry of Industry and Trade.

The government hopes that around 24 billion korunas (almost 1 billion euros) can be financed from public funds, which can attract another 3 billion euros of private investment.

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