More than 70 companies and associations in the solar photovoltaic (PV) industry have signed a letter to the European Commission (EC) calling for action against member states that enact retroactive measures or cancel support for renewables.
The European Photovoltaic Industry Association (EPIA) coordinated this letter to EU Energy Commissioner G?nther Oettinger, referencing recent or imminent action in Belgium, Bulgaria, Czech Republic, France, Greece, Italy and Spain.
"Such measures seriously damage the investment climate in general and for renewables in particular, not only in the countries where they occur, but also throughout Europe," declares the letter.
"We therefore call on you to react strongly to these decisions and use, where appropriate, all the legal means the European Commission has to stop this trend, which threatens the climate of confidence needed in Europe to attract further investors."
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Increased cost of investment endangers RE goals
The letter also notes that actions which increase the perceived risk in investment in renewables, and PV in particular, increase the cost of capital for private operators, endangering progress towards 2020 targets.
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2012-12-19 | Courtesy:?EPIA; Image: European Commission | solarserver.com ? Heindl Server GmbH
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