Renewable energy projects seek investment alternatives

Funding alternatives

Renewables jigsaw puzzle

Renewable energy in Europe is facing some extremely tough challenges in the wake of the financial crisis and the dire straits for eurozone debt. Making up 11.6% of power generation in Europe according to the most recent 2009 European Commission data, renewable power needs to grow by 5% a year in order to hit the European Union’s (EU’s) binding target of 20% of electricity to come from renewables by 2020.

While this target has always been challenging, it now seems the industry is facing an uphill