This article investigates spatial disparities between European countries with respect to investment in new solar and wind assets. Empirical data on the capacities installed in 35 countries reporting to ENTSOE has been studied, in the context of macroeconomic variables, all put in the context of demographic and physical geographical variables. The working hypothesis of that empirical check is that investment in solar and wind energy assets is driven my markets rather than policies. Empirical results of the here-presented research indicate that investment in solar and wind assets is associated with the locally available amount of production factors, and, therefore, is incorporated in the aggregate production function of the countries which host the largest current deployment of those assets. That, in turn, suggests that policies should be oriented on calming down and prolonging the wave of investment in solar and wind assets rather than stimulating rapid growth in them