ABSTRACT
The promotion of renewable energy source for electricity (henceforth referred to as RES-E) by the European Union (EU) aims to reduce dependency on imported fossil fuels and greenhouse gas (GHG) emissions, resulting in the successful deployment of RES-E generation in Europe (European Union 2009a). This has been achieved through a set of energy policies, comprising, among others, strong financial instruments, like feed-in tariffs, feed-in premia, fiscal incentives, and tax exemptions (Meyer 2003; Jager et al. 2011).
