Renewables

Wind industry proposes ways to tap on South East Europe’s 500 GW potential

Photo: Bulgarian Presidency of the Council of the EU

Published

June 29, 2018

Country

Comments

0

Share

Published:

June 29, 2018

Country:

Comments:

0

Share

Giles Dickson, CEO of wind energy association WindEurope, has given recommendations to South East Europe’s energy ministers how to unlock the region’s 500 GW wind energy potential, constrained by regulatory uncertainty and high project costs.

Speaking at a Central and South Eastern Europe Connectivity (CESEC) ministerial meeting in Sofia, Bulgaria today, Dickson warned that abrupt and retroactive changes to national support schemes since 2013 have pushed up risk premiums on onshore wind projects to as much as 12%, compared to 3.5%-4.5% in North West Europe, resulting in higher prices for governments and consumers in the region.

WindEurope has also urged governments in the region to submit their 2030 National Energy and Climate Plans well before the end of 2019, Dickson said, adding that the plans should cover the integration of regional energy markets, development of joint renewable energy projects, and long-term decarbonization and electrification strategies. All of this will bring down the cost of projects in the region, Dickson noted.

The association also calls on governments to remove the regulatory and administrative barriers to corporate renewable power purchase agreements (PPAs), which allow large energy consumers, such as IT, chemicals, and heavy industry companies, to secure wind power at competitive prices, he said. This would help countries in the region achieve their national renewable energy objectives and unlock billions of euros of investment, according to Dickson.

Finally, Wind Europe calls for transforming electricity markets and grids in the region to make them fit for wind and other renewables, in what would help consumers take full advantage of wind energy, according to Dickson.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

EU agrees fossil fuel car ban as climate package talks are starting

EU agrees fossil fuel car ban as climate package talks are starting

29 June 2022 - The Council of the EU and European Parliament are set for talks on the Fit-for-55 package. Both agree new combustion engines should be banned by 2035.

G7 reverses climate policy support LNG gas nuclear power

G7 reverses climate policy with support for LNG, gas, nuclear power

29 June 2022 - The G7 reaffirmed its commitment to climate goals, but it backed the deployment of gas, particularly LNG, and of nuclear power

Romania renewables statistically attributed Netherlands

Romania’s renewables can statistically be attributed to Netherlands

28 June 2022 - The EU enables countries to pay other member states to formally make up for shortfalls in achieving own green energy targets

NASA-fission-nuclear-moon

NASA sets out to develop nuclear power plant on the Moon

28 June 2022 - Success in building such power systems would pave the way for long-term missions on the Moon and Mars, NASA said