Renewable electricity projects can be reduced in cost

05.12.11

A report compiled within the RE-Shaping: Shaping an effective and efficient European renewable energy market European research project has highlighted that support policy costs for renewable energy projects can be lowered by 10% a year in the EU.

The report produced - Towards Triple-A Policies: More Renewable Energy at Lower Cost – stated that national governments must apply policy stabilisers, raise policy stability, and lower revenue risks for investors in order for these cost reductions to be achieved.

The full report can be read on the Ecofys website.

Opus research recently noted that SMEs in the UK are switched on to buying energy from renewable sources but are put off by cost. You can read the full press release here.