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1. chicke+(OP)[view] [source] 2024-06-19 09:12:59
> subsidies are not needed anymore to make wind and solar cost competitive

See https://ec.europa.eu/commission/presscorner/api/files/docume... where the European Commission approved the plan for the French state to give aid to push renewable deployment in France.

I google translated section 2.2 (paragraph 9) of the ruling document

> ... As such, the French authorities consider that there are “positive external effects” linked to the development of renewable electrical energies, in particular the reduction of greenhouse gas emissions from the electricity sector and the benefits in terms of robustness of the electricity sector. electricity supply linked to a more diversified electricity mix. These external effects are positive for the community but cannot be “monetized” by the investor. The French authorities consider that public support is necessary to have an investment in renewable energies that meets the expected collective benefits.

I would have expected inflation and interest rate changes to have negatively affected the viability of renewables. That is certainly the case for offshore wind in the UK (AR5 failed to produce any bids, AR6 has 66% higher maximum bid).

replies(1): >>rsynno+zg
2. rsynno+zg[view] [source] 2024-06-19 12:01:10
>>chicke+(OP)
> I would have expected inflation and interest rate changes to have negatively affected the viability of renewables. That is certainly the case for offshore wind in the UK

UK interest rates went significantly higher than ECB ones.

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