Speaking at the Central and South Eastern Europe Connectivity (CESEC) ministerial meeting in Sofia, CEO of wind energy association WindEurope Giles Dickson presented ways how to unlock untapped wind potential of southeastern Europe, currently constrained by regulatory uncertainties and high project costs.
The recommendations are four-fold. First, though onshore wind is the cheapest form of new electricity 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 is as high as 12 % in Croatia compared to 3.5 %-4.5 % in western Europe. This means that the Governments and consumers in the region pay a higher price for the same installations.
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Tags: electricity, Region, wind, wind farm