With the introduction of a competitive tendering system, only the best projects are going to win, Lewis said, adding that this is the main reason ECR is cutting the pipeline and focussing only on projects the company believes have a fair chance of being realized. EON Climate & Renewables ( ECR ) intends to cut its pipeline from 10 GW in 2015 to 5 GW this year , investing in one offshore wind project every two years , as the European markets switching from feed - in - tariffs to a competitive tendering process encourages more selective bidding on large - scale projects . ECR 's CEO Michael Lewis said the company will set aside around $ ##500 a year to invest in renewable energy , including on- and off - shore wind and solar .
EON Climate & Renewables ( ECR ) intends to cut its pipeline from 10 GW in 2015 to 5 GW this year , investing in one offshore wind project every two years , as the European markets switching from feed - in - tariffs to a competitive tendering process encourages more selective bidding on large - scale projects . ECR 's CEO Michael Lewis said the company will set aside around $ ##500 a year to invest in renewable energy , including on- and off - shore wind and solar .