5% of new capacity from “Innovative” Renewable Energy: A necessary enhancement to the EU Renewable Energy Directive
The Association of European Renewable Energy Research Centers (EUREC) has released a new report, supporting the European Parliament’s proposed amendment to the Renewable Energy Directive (“RED III”) which calls for at least 5% of new renewable energy capacity to come from innovative renewable energy technologies. Ocean Energy Europe enthusiastically supports this target, as it will speed up the commercialisation of new, high-quality, European-made renewable energy technologies, including ocean energy. The next stage of the negotiations with EU Member States must now lock in this new target and deliver the energy future that Europe deserves.
The EUREC report demonstrates that the 5% innovation target is well-formulated and can be implemented via existing EU laws, and by building on approaches already used in some Member States. It also explains why innovative renewables are crucial to security of supply and bringing down energy prices, as they make use of indigenous resources and can provide better balancing of Europe’s electricity supply and demand.
The report was authored by EUREC, with support from Cleantech for Europe, Climate Strategy, European Association for Storage of Energy (EASE), European Renewable Energies Federation, and Future Cleantech Architects.