Citizens initiatives will invest €1bn in energy production: report
Monday 15 October 2012
The Dutch will invest €1bn by 2020 in projects to generate electricity at a local level, according to energy research group ECN.
At the moment there are some 300 citizens’ initiatives to generate sustainable power and their number is set to grow significantly, the ECN report said. The report was drawn up on behalf of the Financieele Dagblad.
The investment will also help the Netherlands reach sustainable energy targets. By 2020, some 14% of Dutch energy is supposed to come from renewable sources. At the moment, the figure is just 4%.
Reaching the target will require investment of tens of billions of euros, ECN said.
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