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Europe’s Green-Energy Push Struggles to Match U.S. Momentum

 wsj 5 min read The Wall Street Journal 28 Apr 2023, 03:49 PM IST

U.S. tax credits for renewable-energy projects draw investment from across the Atlantic

Wind turbines at the Martin de la Jara wind farm, operated by Iberdrola SA, in the Martin de la Jara district of Sevilla, Spain, on Friday, April 21, 2023. In�November, Spain�s biggest utility Iberdrola said it would allocate �27 billion over the next three years to power grids, expanding and strengthening capacity as more renewable energy flows into the system and industries electrify. Photographer: Angel Garcia/Bloomberg (Bloomberg)Premium
Wind turbines at the Martin de la Jara wind farm, operated by Iberdrola SA, in the Martin de la Jara district of Sevilla, Spain, on Friday, April 21, 2023. In�November, Spain�s biggest utility Iberdrola said it would allocate �27 billion over the next three years to power grids, expanding and strengthening capacity as more renewable energy flows into the system and industries electrify. Photographer: Angel Garcia/Bloomberg (Bloomberg)

This was supposed to be renewable energy’s big year in Europe. It isn’t going according to plan.

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