EU moves to rein in state support for renewable energy

April 9, 2014
The Scroby Sands wind farm off the coast of Norfolk, England

The European Union announced Wednesday sweeping new guidelines to curtail state support for the renewable energy industry which Brussels says is harming the sector on the global market.

The new guidelines released by the European Commission, the EU's executive, require the bloc's 28 member countries to gradually replace ad hoc renewable energy subsidies with a competitive bidding process for allocating public support.

Joaquin Almunia, the EU's competition commissioner, said the guidelines were designed to end "illegal" state renewable energy subsidies which had created market "distortions" and led to higher prices which have harmed European industries.

However, Almunia also announced a long list of European companies which would be shielded from the new guidelines through "special treatment," arguing they were "especially exposed" to foreign competition.

The guidelines also steered clear of intervening in the United Kingdom's controversial state support of a nuclear energy project, with Almunia claiming the Commission's "lack of expertise" meant the guidelines would not cover nuclear energy.

Explore further: EU launches probe into suspected chipmaker cartel

Related Stories

EU launches probe into suspected chipmaker cartel

April 22, 2013

EU anti-trust authorities announced on Monday a formal cartel probe into smartcard chipmakers—the motors for everything from bank and mobile SIM cards to electronic ID papers, after talks aimed at securing an amicable settlement ...

European commission: decision on Google in weeks

September 13, 2013

(AP)—The European Commission's top competition regulator, Joaquin Almunia, says he will decide within several weeks whether the concessions offered by Google Inc. in how it displays search results are sufficient to ensure ...

European Commission: Google decision near

September 25, 2013

Europe's top competition official says his agency is close to a decision in its three-year investigation into whether Google Inc. has abused its dominant position in Internet searches to unfairly thwart competition.

EU signals end to high subsidies for renewable energy

November 5, 2013

The European Commission issued new guidelines Tuesday which could end costly and controversial subsidies for renewable energy, opening the way for state-aid backing of gas or coal-fired electricity generation projects.

EU warns Nokia not to become 'patent troll'

December 9, 2013

Europe's top regulator has warned Nokia not to try to become a "patent troll" after the Finnish company sold most of its cellphone-making business to Microsoft Corp. this year but retained its patent portfolio.

EU ups pressure on Google in antitrust case (Update)

January 15, 2014

The European Union's antitrust watchdog is increasing pressure on Google to swiftly provide better proposals to address allegations the firm is abusing its dominant position in Internet searches.

Recommended for you

Customizing 3-D printing

September 3, 2015

The technology behind 3-D printing is growing more and more common, but the ability to create designs for it is not. Any but the simplest designs require expertise with computer-aided design (CAD) applications, and even for ...

Team develops targeted drug delivery to lung

September 2, 2015

Researchers from Columbia Engineering and Columbia University Medical Center (CUMC) have developed a new method that can target delivery of very small volumes of drugs into the lung. Their approach, in which micro-liters ...

Magnetic fields provide a new way to communicate wirelessly

September 1, 2015

Electrical engineers at the University of California, San Diego demonstrated a new wireless communication technique that works by sending magnetic signals through the human body. The new technology could offer a lower power ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.