Successive energy crises make it clear that Europe must rapidly reduce its reliance on imported fuels and accelerate the deployment of homegrown renewables. Scaling up the next generation of innovative renewable technologies (iRETs), such as geothermal, next-generation solar and wind, as well as ocean energy, is essential to complement established renewables and deliver a future-proof energy system.
The Renewable Energy Directive (RED III) includes a target requiring that 5% of new renewable energy capacity installed by 2030 be of innovative technology, driving a market demand in the range of 45 GW.1 Its revision is an opportunity to strengthen implementation and address key policy and funding bottlenecks slowing the industrial rollout of iRETs in Europe.
Read the open letter, signed with other organizations to learn more!