Special Renewable Energies Initiative strengthening German companies’ position in international competition
With immediate effect, cover is available under the German Federal Government export credit insurance scheme for transactions in the field of renewable energies that include up to 70 percent foreign-sourced goods or services. Usually the share of foreign-sourced goods and services is capped at 49 percent.Furthermore, the Special Renewable Energies Initiative provides for greater flexibility in financing local costs.
Extended 49-PLUS rule
Diagram explaining the extended 49-PLUS rule for renewable energy projects. Further information on the application process can be found at “Foreign-sourced goods and services".
Special Renewable Energies Initiative on 28 May 2020
Is my business eligible for cover?
As an exporter you now have the opportunity of submitting a non-binding advance inquiry for cover with the Federal Government. To do so, please send us a message by e-mail outlining the project and including the following information:
- Project description
- Planned supply structure
- Reasons for the high proportion of foreign-sourced goods or services
- Importance of the project for you as an exporter and for the German economy