Unlocking Low Cost Renewables

Topics: Energy Transition and Climate-Neutral Buildings

Countries: Bulgaria Croatia Greece Romania

The study “Unlocking Low Cost Renewables in South East Europe” by EUKI financed project “South East Europe Energy Transition Dialogue” demonstrated how a few political and financial measures can help to strongly “de-risk” investment in renewables. Its cost could be lowered by stunning 20%. For example, the cost for onshore wind could fall to 46 EUR/MWh in Greece, well below the cost of fossil power plant projects. The de-risking measures with the highest impact include the EU budget guarantee mechanism, reliable, long-term renewables remuneration regimes and long-term renewables targets. The recommendations were discussed with decision makers both bilaterally as well as during a final project workshop in June 2021.