Subsidy-free renewables could balloon to a 60GW, €64bn ($78.6bn) investment opportunity across northwest Europe by 2030, according to latest analysis from Aurora Energy Research.
The UK-based research group said the prospect of large-scale subsidy-free development had emerged rapidly, with implications beyond wind and solar as a “true game-changer” for the energy industry.
Aurora released its analysis at its annual Spring Forum in Oxford, a day after Vattenfall secured up to 750MW of capacity following the world’s first zero-subsidy auction in the Netherlands.
