“Competition pressure in renewables sector to increase”
Commerzbank
Global competition pressure in the renewables sector will increase over the coming years, as costs and overall investments continue to drop, while renewables growth will be less than in previous years, writes Germany’s second-largest bank Commerzbank in a new market analysis. In Germany, the shift to auctions for renewables support have led to a drop in support payments per kilowatt hour, but also to lower expansion potential, writes the bank in a press release. Growth in the wind power sector is seen continuing to shift to offshore business in the future. Commerzbank has financed about 15 percent of Germany’s wind power capacity, writes the company.
Find the press release in German here.
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