Dutch economic affairs minister Joop Wijn has bowed to political pressure and agreed to partially reinstate the subsidy for renewable power producers (MEP). Wijn proposes allocating €270 mln for new small-scale renewable production projects.
He also promised to make €70mln available to compensate companies that have incurred costs in expectation of receiving subsidies. The turnaround is in response to the outcry that followed Wijn’s sudden decision in August to scrap the MEP. Last week, a majority of MPs were in favour of reinstating the subsidy.
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