The EU is unveiling a new plan for investing in renewable energy, to the tune of 21 billion euros. The thought is that it is hoped to spur private investment. Not sure if the 15:1 ratio they're hoping for is realistic though - European investors will need a little more risk tolerance for that to happen.
At the center of the new investment plan is the €21 billion (£16.5 billion) European Fund for Strategic Investments (EFSI) — which will see money provided to “higher-risk projects” that could possibly fuel growth and aid in the creation of new jobs. The plan is for this fund to diminish investor hesitance, building private-sector confidence by absorbing much of the risk of new projects — for every €1 invested by the Fund, the hope is for €15 of private sector capital to be invested, which would mean €315 billion of new investment between 2015 and 2017.