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EU plans to phase out solar, wind-energy subsidies, FAZ reports  

Credit:  By Jana Randow | Bloomberg | www.bloomberg.com/ 19 May 2012 ~~

The European Commission plans to phase out solar and wind-power subsidies as soon as possible, Frankfurter Allgemeine Zeitung reported, citing a strategy paper Energy Commissioner Guenther Oettinger will present next month in Brussels.

European Union countries have to increase the flexibility of their plans and reduce subsidies because renewable energy technology has developed much faster than expected and prices have dropped, the newspaper said, citing the paper.

Source:  By Jana Randow | Bloomberg | www.bloomberg.com/ 19 May 2012

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments to query/wind-watch.org.

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