Will government intervention and rising costs hinder European renewable energy ambitions?

Renewables remain the cheapest source of new capacity, which could prove vital in alleviating economic pressure from escalating fossil fuel costs. Europe has high hopes for renewables as a solution to the ongoing energy crisis. The RepowerEU plan, published earlier this year as a blueprint for ending the EU’s reliance on Russian fossil fuels, aims for over 1.2 terawatts of renewable capacity, more than doubling the current levels.