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Renewable industry urges EU to set 2030 targets

A collective of 61 major energy players including Vestas, Gamesa and Alstom have urged the European Commission to set a binding renewable energy target, warning that without one future investments will be at risk.

The companies ” joined by trade groups such as RenewableUK and the European Wind Energy Association ” sent a letter to EU Climate Commissionerà‚ Connie Hedegaard, Energy Commissionerà‚ Guenther Oettinger and President of the European Parliament Martin Schulz.

Other firms that signed the letter included Dong Energy, Acciona and Enercon.

While the collective acknowledges the work the EU has done to set targets for 2020, it warns that 2030 is “already at our doorstep”. In its letter it states: “Given the long investment cycles in the energy sector and the fact that investment decisions in the EU’s liberalised energy markets strongly depend on reliability, certainty about the regulatory framework of the next 17 years is needed.”

The letter adds that the group believes “that a new climate and energy framework for 2030 needs to be based on mutually reinforcing tools and targets, including a legally binding target for renewable energy, and urge all policy makers to support a strong and ambitious regulatory framework for the years to come”.