Policy & Regulation

Zero-subsidy renewables herald new era

The gas industry is watching closely as subsidy cuts bring both pros and cons for investors in Europe’s renewables sector The gas industry is watching closely as subsidy cuts bring both pros and cons for investors in Europe’s renewables sector
By The Wildcat 4 May 2018 0 30725
The Orense wind farm, Spain The Orense wind farm, Spain (Iberdrola)

Subsidy cuts have led to falling investment in Europe’s renewables sector, but there are signs that wind and solar projects are increasingly becoming able to compete without government support. 

Subsidies in the form of feed-in tariffs created a boom in renewable energy investment over the last decade and have helped European countries reach their binding 2020 renewables targets. Renewables account for around 17% of Europe’s final energy consumption and around 30% of its electricity consumption – twice as much as...