The European Commission as part of its ‘toolbox’ announced last week to react to the recent gas and power price spikes already had said it continues to support investments in renewables, energy efficiency and storage.Īn extraordinary meeting of the EU’s energy council next week will continue the discussion on energy prices, and the European Council will also keep the situation under review and revert to it at its December summit.Considering that Jharkhand is a predominantly agricultural state despite its industrial tag, the Centre for Environment and Energy Development (CEED), Jharkhand Renewable Energy Development Agency (JREDA) and Central University of Jharkhand came up with the structural road map aided by constructive policy initiative, infrastructure and market support. Today, solar is already insulating millions of Europeans from price shocks, but we must accelerate." “With these latest Council conclusions, we look forward to EIB support on increasing the adoption of corporate renewables sourcing by a wider range of actors, including SMEs. “It makes sense that EIB now looks at how to speed up investments in renewables through financial instruments that support the uptake of corporate renewable energy PPAs. “Last week, in their ‘ toolbox’, the European Commission underscored renewable power purchase agreements (PPAs) as a key tool to protect businesses from the sort of energy price hikes that we’re experiencing now,” SolarPower Europe chief executive Walburga Hemetsberger said.
EU backs renewables expansion as insurance against future energy price shocks
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