Reuters

Badly located renewable power plants cost Europe $100 bln - Davos report

Badly located renewable power plants cost Europe $100 bln - Davos report

  • January 21, 2015
  • min read

Reuters

Badly located renewable power plants cost Europe $100 bln - Davos report

In a report written with Bain & Company, The World Economic Forum's "Future of Electricity" platform said that installing solar power panels in sunnier countries and wind turbines in windier places could have saved Europe $100 billion. According to the report, "Such sub-optimal deployment of resources is estimated to have cost the EU approximately $100 billion more than if each country in the EU had invested in the most efficient capacity given its renewable resources."