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A new wave of green energy investments throughout Europe, to be propelled by ambitious emission targets set by the European Commission, is on the way, Gerasimos Thomas, a highly ranked DG Energy official, has told a conference in Delphi, central Greece.<\/p>\n
European Commission targets aiming for a 30 percent RES share of Europe\u2019s energy mix by 2030 and 50 percent by 2050 are expected to provide the impetus for this wave of investments, the DG Comp official informed.<\/p>\n
The RES sector is expected to attract a significant share of private-sector investments in the coming years, while RES auctions have already begun reducing prices, Thomas noted.<\/p>\n
New types of investments and investors, including institutional investors and pension funds, as well as related bond market initiatives,\u00a0can be expected, the DG Energy official told the conference.<\/p>\n
In 2017, green energy investments surpassed petroleum and natural gas-related investments for the first time, a trend expected to continue in the years to come, Thomas stated.<\/p>\n
Besides the RES production domain, a surge of related investments concerning transmission, industry, networks, digitization and building environmental upgrades, is also expected, he noted.<\/p>\n