Developers see Danish RE subsidy cut as "retroactive intervention light"

Denmark's green energy transition and the companies that have spent large sums preparing for projects will both lose from the government's tender budget cut, which comes close to being retroactive legislation, says European Energy.
Photo: Niels Ahlmann Olesen/Ritzau Scanpix
Photo: Niels Ahlmann Olesen/Ritzau Scanpix

European Energy has many years of experience with retroactive subsidy cuts. The project developer has learned its lessons the hard way in, for instance, Spain, where Madrid suddenly shaved off large amounts of solar subsidies. Similar turns of events have taken place in Southern and Eastern Europe, and now the trend turns north to the developer's domestic market.

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