Wind industry tells Energy Ministers how to unlock South East Europe's renewable potential

Date

29 Jun 2018

Sections

Energy

Press release

An enormous 500 GW of wind energy is available in South East Europe, a potential currently not being realised. Speaking at a Central and South Eastern Europe Connectivity (CESEC) ministerial meeting in Sofia today, WindEurope CEO Giles Dickson gave four recommendations to help the region unlock this vast resource. The First, though onshore wind is the cheapest form of new power generation in Europe today, wind energy projects are capital intensive and sensitive to regulatory uncertainty. “A series of abrupt and/or retroactive changes to national support schemes in the region since 2013 has resulted in additional risk premiums on projects. It’s as high as 12% in Croatia compared to 3.5%-4.5% in North West Europe. This means governments and consumers in the region pay a higher price for the same installations,” said Dickson.

Third, European industry and consumers are already benefitting from corporate renewable power purchase agreements (PPAs). They allow large energy consumers - e.g. in IT, chemicals and heavy industry - to secure wind power at a competitive price. In 2017, almost 1.1 GW of renewables was contracted with corporate buyers, but deals are currently concentrated in Northern Europe. “In order to help countries achieve their national renewable energy ambitions and unlock billions of euros of investment, we call on CESEC governments to remove the regulatory and administrative barriers to corporate PPAs,” Dickson added.

<span "="">Finally, for consumers to take full advantage of wind energy, electricity markets and grids need to be transformed and made fit for wind and other renewables. “We’d like to see CESEC develop a list of priority renewable energy projects to compete for EU funding under the Connecting Europe Facility. CESEC’s list of priority projects and actions should also include efforts to identify and support cross-border renewable energy projects,” said Dickson.

ENDS

Note to Editors:
WindEurope is the voice of the wind industry, actively promoting wind power in Europe and worldwide. We have over 450 members, active in over 50 countries. In addition to wind turbine manufacturers with a leading share of the world wind power market, our membership encompasses component suppliers, research institutes, national wind and renewables associations, developers, contractors, electricity providers, finance and insurance companies, and consultants.

For additional questions, please contact:
Andrew Canning, WindEurope Press & Communications Manager, andrew.canning@windeurope.org
+32 2 213 18 67