Renewables subsidies may dwindle from 2020

Europe’s need to subsidise renewables may gradually start to dwindle from 2020 partly due to lower costs for mature technologies, an EU-funded study has found Europe’s need to subsidise renewables may gradually start to dwindle from 2020 partly due to lower costs for mature technologies, an EU-funded study has found.
By Andreas Walstad 14 February 2017 0 23978
E.On solar generation in Pellworm, Germany. The cost of solar PV has been falling. (E.On)

European economies may start to move away from subsidising major renewables technologies such as onshore wind and solar power from 2020, according to an EU-funded study carried out by Cambridge Economic Policy Associates.

Lower costs for renewables technologies and a reduction in perceived investor risk as several technologies reach maturity will likely shrink the need for subsidies, according to the study, released last week.

"The scaling-up of [renewable energy sources for electricity: RES-e] deployment has brought dramatic cost reductions for some technologies, in particular onshore wind...

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