HomeRenewablesAuditor advises more cost effectiveness for renewables

Auditor advises more cost effectiveness for renewables

The European Union needs to do more to provide value for money as it continues to work towards its 2020 renewable energy targets.

That advice comes from the European Court of Auditors (ECA), which investigated the performance of €4.7 billion of EU cohesion funds that had been allocated to renewables projects between 2007 and 2013, the EU‘s last budgetary period.
European Court of Auditors
The ECA found that the funds could have been used more efficiently, as many projects did not measure their cost-effectiveness or energy production results.à‚ There were no serious cost overruns or delays in projects.

“We found that the audited projects were mostly good, in that they delivered their outputs as planned,” Kurt Baumgartz, the lead auditor for the report, told European policy news site Euractiv.

“But the energy production results were not always achieved or measured, and as the projects failed to make their full contribution to the Union’s energy objectives, whereby not always the most cost-effective projects were financially supported, the European taxpayer’s money has only had a limited added value,” he said.

The auditors issued recommendations for the European Commission for its relations with EU countries over renewables, such as encouraging them to set stable and predictable laws for such energy production and to work on smoother ways of integrating it into the grid.

The auditors also recommended the carrying out of needs assessments and setting of cost-effectiveness criteria in the selection of renewables projects.