Renewable Energy is Easter Europe has boomed driven by government incentives and subsidies.Many of these countries like Estonia,Bulgaria and Czech are cutting or already have cut generous feed in tariffs paid to Green Energy Investors.While Czech has seen an unprecedented Solar Boom leading to a massive public backlash,Estonia and Bulgaria have seen huge wind energy projects.The Green Energy has boomed in the last 2 years mainly as governments in these countries try to meet the Renewable Energy Target of 20% by 2020 set by the European Union.These East European countries have been hit hard by these EU directives as the costs have spiralled
Estonia is facing increasing burden of renewable energy subsidies with electricity tariffs rising for the general population.With prices expected to be up almost 10% due to the Feed in Tariffs for Wind Energy,the government is thinking of cutting the support tariffs by 50%.Estonia has seen a Wind Energy Boom in recent times spurred by favorable […]