A new report carried out within the EU research project Towards 2030 explores the necessary conditions for a potential ‘phase-out’ of economic support for mature renewable technologies that is compatible with the levels of deployment required to reach the defined EU target of at least 27% renewables in 2030. The study was led by Ecofys with support from Towards 2030 project partners. In the mid-term, it may be possible to increase the share of electricity from renewable energy sources (RES) without providing dedicated economic support. Such phase-out of economic support would require two main conditions: firstly, expected future revenues from power markets are sufficiently high to cover generation costs; secondly, the risk tag attached to those revenues has to be acceptable for investors in the energy sector.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/phasing-out-economic-support-mature-renewables
[2] http://admin.indiaenvironmentportal.org.in/category/author/luis-janeiro
[3] http://admin.indiaenvironmentportal.org.in/category/author/corinna-klessmann
[4] http://admin.indiaenvironmentportal.org.in/category/author/fabian-wigand
[5] http://admin.indiaenvironmentportal.org.in/category/author/katharina-grave
[6] http://admin.indiaenvironmentportal.org.in/category/publisher/ecofys
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/renewable-energy
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/electricity
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/european-union-eu
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fossil-fuels
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-technology
