Recent announcements in the UK and across the rest of Europe seem to be ushering in a new era of “subsidy-free” renewables, which can be deployed without government support. Yet “subsidy-free” is a nebulous phrase that means different things to different people. In fact, many of the “subsidy-free” schemes announced over the past 12 months would not meet the purest interpretations of the term. While the arrival of subsidy-free renewables means zero-carbon electricity at reduced costs for consumers, it is not without challenges. Overcoming the higher cost of financing subsidy-free schemes is one hurdle; managing variable renewables on the grid is another.
Carbon Brief 27th March 2018 read more »