The first subsidy-free wind farms have now been announced in three European countries -
Germany, the Netherlands and the United Kingdom - reflecting the increasing profitability of certain
renewable energy sources. Given the possibility that some future renewables schemes will be able to
self-fund, how should European countries and the EU structure future project finance to continue to
provide funding to schemes that require it, without discouraging private funding or state capitalisation for
those schemes that will not?