Renewable Energy: A Major Player in the European Energy Market

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In what appears to be an effort to restore the confidence of investors in the renewable energy sector, on 6 June 2012 the European Commission presented a Communication on its renewable energy policy, assessing the current market and outlining options for the period beyond 2020.

This Communication reaffirms the European Union's objectives to continue developing the use of renewable energy, until and beyond 2020, and tries to address current stakeholders' concerns about the growth potential for renewable energies in the EU following budget cuts and drastic changes in Member States' support schemes.

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