Red Tape Is Undermining European Clean Energy Projects

Clean energy projects across the EU are failing to reach completion due to red tape, Miguel Stilwell d'Andrade, the chief executive of Portugal’s biggest utility, Energias de Portugal (EDP), told Reuters at the Davos economic forum. While the European Commission has laid the project execution and subsidy criteria at the EU level with “great vision”, “The crux is the national governments transposing them,” d'Andrade told Reuters on the sidelines of the forum in Davos.  Red tape regarding clean energy projects,…