Wind and solar sectors warn EU revenue cap will mean 'investors will simply go elsewhere'

The renewables industry has warned that a cap on wind and solar power revenues in EU countries could do more harm than good and prompt investors to seek other shores.

Energy ministers of the 27 EU member states in a second emergency meeting today (Friday) approved a proposal made earlier by the European Commission to cap renewable, nuclear and lignite energy revenues at €180/MWh ($177/MWh).