The renewable energies industry is decidedly leading the energy sector in Austria, which has fully invested its resources in the energy transition. The country adopted the Renewables Expansion Law (EAG) in March 2021 – a landmark legislation that sets the ambitious goal of producing 100% of the country’s electricity from renewable sources by 2030. If achieved, this milestone would place Austria at the forefront of the global green energy movement. The EAG allocates $1.18 billion for investment grants and subsidies specifically targeting solar, wind, and biomass projects. This initial funding is expected to catalyze substantial private sector investments, potentially reaching up to $35.4 billion over the next decade. This influx of capital opens up vast opportunities for companies involved in various sectors of the renewable energy industry, including power generation from wind, solar, hydro, and biomass, as well as pumped storage technologies and intelligent transmission and distribution systems. Auxiliary services such as communications, financing, construction, and engineering will also benefit from the renewable energy boom. Austria's power generation mix is already notably green with 77% currently sourced from renewables, among which hydro and wind power are the primary sources. The new legislation aims to add 27 renewable terawatt-hours (TWh) to the grid, which will replace the remaining 23% of electricity still generated from fossil fuels. One of the standout features of the EAG is the introduction of a ""market premium"" subsidy for producers of wind, solar, or biomass energy. Unlike the previous system of guaranteed feed-in tariffs, which often exceeded market prices, the market premium will provide subsidies only when production costs surpass the market price of electricity. This approach encourages cost-efficiency. Additionally, the legislation includes investment grants for various renewable energy projects. Operators can apply for these grants to construct small photovoltaic systems or wind turbines (up to 1 MW capacity).