Renewable energy support schemes, such us feed-in tariffs (FiT), quota obligations, capital grants, and subsidies, will continue to be instrumental in promoting Europe’s renewable energy industry growth by 2020, it is stated in GlobalData’s most recent report.
The report ‘Europe Renewable Energy Policy Handbook 2015’ states that of the various support mechanisms in Europe, FiTs have emerged as a particularly effective way of promoting the renewable industry with wind and solar power benefiting most from these measures.
Siddhartha Raina, GlobalData’s Senior Analyst covering Power, said the European Union (EU) directive on renewable energy, which has set a target for each member state to increase its renewable energy share to 20% of total consumption by 2020, remains crucial to continuing industry growth.
The report provides the current and future renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of their renewable energy industry, and offers an in-depth analysis of the renewable energy policies across the major countries in Europe namely the Germany, France, Italy, the UK, Spain, Austria, the Netherlands, Norway, Poland, Sweden and Turkey.
The report also provides major technology specific policies and incentives provided in each of these countries.
GlobalData specialises in providing expert industry reports, data analysis and consultation for the health and energy industries.