The European Court of Auditors, the EU authority inspecting finances, is conducting an audit on four member states, Greece as well as Germany, Spain and Poland, to determine whether EU and Member State support for electricity generation from wind and solar photovoltaic (PV) power is effective.
The auditors will analyze the design, implementation and monitoring of EU and national strategies for wind and solar PV from 2009 onward and also EU and national funding for their development.
“Wind and solar PV are the two renewable energy sources for the production of electricity that have been developing by far the most dynamically over the last ten years”, said George Pufan, the Member of the European Court of Auditors responsible for the audit. “They play a vital role in our energy mix and it is very important to understand if the strategy and support for them are effective.”
Wind and solar PV are currently the two main sources of renewable energy used for this purpose and are on the brink of becoming the two cheapest forms of electricity production.
The estimated contribution of renewable energy to fossil fuel import savings in 2015 was €16 billion and it is projected to be €58 billion in 2030.
The audit report is expected to be published early in 2019.