2 ms·
Right, going forward, the need of government action is going to be considerably less necessary. But new technologies have a certain cost disadvantage, and gover
by _ph_ 10y ago
Right, going forward, the need of government action is going to be considerably less necessary. But new technologies have a certain cost disadvantage, and government support helps to cross that gap quicker. Especially, when new power plants have to compete with 30 year old coal plants, which are cheap to operate but very dirty.
But the crossover point seems to be very near - here in Germany a big offshore wind project failed to qualify for government support, but the driving company decided to go ahead nevertheless, as they plant to be cost efficient enough without any support. So this is very good news.