Europe’s Green Energy Plans Stall As Leading Companies Reduce Expansion Plans
By P Gosselin on 3. July 2024
Green energies in turmoil…projects being postponed, scaled back…
Europe’s largest green energy producer drastically reduces expansion plans for wind and solar energy
Europe’s green energy projects are in the doldrums. Photo: P. Gosselin
Europe’s leading green energy producer, Statkraft, is drastically scaling back its plans for new wind and solar power plants – due to falling electricity prices and rising costs, so reports Germany’s online Blackout News, a leading site for independent German energy news.
According to company CEO, Birgitte Vartdal, market conditions have become more difficult as the company’s ambitious targets for wind energy and solar power are now being called into question.
The new Statkraft target is two to two and a half GW instead of an originally planned 4 gigawatts annually.
https://notrickszone.com/2024/07/03/europes-green-energy-plans-stall-as-leading-companies-reduce-expansion-plans/
