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Solar industry urges EU to rethink subsidy restrictions

2014-03-03 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: European Union plans to force mature renewable energy technologies, such as solar and onshore wind, to compete for subsidies could derail efforts to drive down costs and meet the bloc's binding green energy targets, the solar industry has warned. The European Commission proposed new draft guidelines late last year determining how member states can offer state aid to solar photovoltaic deployment. The plans suggest introducing reverse auctions for more mature technologies in an effort to drive...

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Category:Electronics and Electrical

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