European Comission demands doubling of renewable energy investments

Brussels, Belgium

The integration of renewable energies in the domestic market is necessary and it is estimated that savings of up to 10 billion Euros a year could be expected. The EU has committed itself to reach a renewable energies quota of 20 per cent until 2020. To reach this goal, the member states have to put their plans into practice where guidelines have been missed by most of the member states in 2010. In addition, the EU commission supports the doubling of the capital investments in renewable energies from 35 billion to 70 billion Euros a year.

Source: IWR Online, 02 Feb 2011