Europe is building more wind and solar — without any subsidies

by Umair Irfan, VOX

The French electric utility Engie announced last week that it’s going to develop 300 megawatts of wind energy across nine wind farms in Spain, backed by $350 million (€300 million) in investment.

Here’s the key: It’s doing all this without government support. And it’s far from the only European energy company willing to make a bet like this.

In March, the Swedish power company Vattenfall announced it won its bid to build a 700 MW offshore wind farm in the Netherlands, which would make it the first nonsubsidized wind energy project in the land of windmills.

Read more:https://www.vox.com/2018/5/30/17408602/solar-wind-energy-renewable-subsidy-europe

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