EU Proposals Threaten Renewables Growth

The European Commission risks retarding the development of long-term contracting for renewable energy just as momentum is building.  Policy uncertainty will continue to dog firms and households in the EU, if the Commission's attempts to lower energy costs for consumers at the expense of renewable-energy producers by extending “windfall profits taxes” and mandated lower costs succeed.  Such measures will lower producers’ revenues, which will translate into lower renewables investment.