Thursday, February 24, 2011

The Netherlands Cuts Renewable Energy Subsidies, Looks to Nuclear Power

energy targets as well as reduce its solar and wind subsidies. According to the Financial Times Deutschland, the government states the subsidies are unaffordable. The plan is for the subsidies to be cut from €4 billion annually, to €1.5 billion.

Previously a huge proponent of renewable energy development, Holland becomes the first European Union country to abandon the mandated target of producing 20% of its domestic power from renewable sources by 2020.

Source: Energy Business

No comments :

Popular Posts Last Week

Popular Posts This Month

Popular Posts All Time