19 July 2017
Financing wind energy beyond 2020
The Clean Energy Package foresees an EU level financing framework to help the Union deliver on its collective binding target of renewable energy in final energy consumption (Art 3.4 of the recast Renewable Energy Directive). This financing facility could support and incentivise countries to deliver on their national plans and avoid any potential gaps in the target.
In the absence of legal binding renewable energy national targets, there is a need to incentivise Member States to deliver on the collective commitment by providing them with tools that attract investors to their markets. This paper elaborates on the main risks that investors will face in the post-2020 renewable energy context, and propose solutions at EU level to address the potential gap between available finance for renewables and deployment needs to meet the EU’s 2030 targets
Read the position paper