Governments rip up renewable contracts

20 Dec, 2015 | Modified 22 Dec, 2015 | Views 2354

Governments across Europe, regretting the over-generous deals doled out to the renewable energy sector, have begun reneging on them.

Governments rip up renewable contracts

Companies ‘do not have a right [to expect the compensation] not to be changed' Governments across Europe, regretting the over-generous deals doled out to the renewable energy sector, have begun reneging on them. To slow ruinous power bills hikes, governments are unilaterally rewriting contracts and clawing back unseemly profits. In Italy, one of Europe's largest economies…