The European Commission has published its second annual assessment of the competitiveness of the EU’s renewable energy technology industries, and it had a warning for policymakers about the trade balance trend being experienced by heat pump makers.
European renewables, including Spanish solar, made big gains as energy demand recovered before the second wave of Covid infections. Nuclear was a notable loser, in part because clean energy volumes in the north of the continent drove down power prices sufficiently to make reactors uncompetitive.
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