European Renewable Energy Investment Flattening Out Despite Calls for More Capacity
While the European Governments are pushing for ever higher renewable energy quotas, the total rate of renewable energy investment in Europe has flattened out. "Experts said that investors did not have confidence in European policymakers’ support systems for renewables." EuroActive (2015). "Low-carbon energy" investment in Europe in 2015 dropped by more than half. The Guardian , March 23, 2016. European countries are in transition to support for renewable energy by reverse auctions. Renewable Energy Policy Network, " Global Stats Report: Renewable Energy 2016 ." Auctions in practice have always been problematic, producing an unpredictable amount of capacity due to limited bids and/or limited build-outs by winning bids. See Mott, " The European Commission's Mismanagementof State Aid Rules for Renewable Energy, " PowerGen Europe 2015. A group monitoring the achievement of the Eu 2020 RES targets noted when the guidelines on suppor...