Huangluolun Zhou, Elena Dahlem and Alex Schmitt at Energy Brainpool present their updated “EU Energy Outlook 2060”, modelling how the European energy system will undergo major changes in the coming decades while continuing to guarantee a secure supply and meet its climate targets. What do these developments mean for power prices, revenue potential and risks for solar PV and wind? The two main scenarios are “Central” and “GoHydrogen” for the EU 27 … [Read more...]
How to manage price risk as the EU shifts from Russian Gas to Renewables
Europe is phasing out Russian gas and replacing it with more renewables. That means there will be greater demand variability and a resulting impact on European spot gas prices. The problem is that long-term contracting, the traditional way for buyers to mitigate spot price risk, is incompatible with Europe’s climate objectives of reducing long term consumption of gas. Kong Chyong at the Center on Global Energy Policy proposes alternative policy … [Read more...]
Cost vs Resilience: Europe’s sourcing strategy will shape the regional Hydrogen economy
The upcoming EU Hydrogen Bank pilot auction and trilogue discussions are focussing minds on the future of hydrogen. Jonas Lotze and Massimo Moser at TransnetBW and Janina Erb, Roman Flatau, Felix Greven and Max Labmayr at d-fine present the results of their modelling of two hydrogen sourcing scenarios: "Global Market" (GM) where the import of hydrogen into Europe is unrestricted, and "Energy Resilient Europe" (ERE) where almost all hydrogen is … [Read more...]
China’s Belt and Road Initiative is now building more Renewables, less Coal
Energy has always made up the majority of investments and construction deals signed through China’s Belt and Road Initiative (BRI). Until very recently these investments were dominated by fossil fuel projects. But in the first half of this year, over 40% of BRI energy projects announced were wind and solar, with 22% each for gas and oil, and zero for coal projects. The reasons include China’s stated commitment to clean energy, avoiding the risk … [Read more...]
Fossil producer UAE to host COP28: what are Gulf states doing to decarbonise?
COP28 in November is being hosted by the United Arab Emirates (UAE), a major oil and gas producer. The COP President will be Sultan Al Jaber, the CEO of ADNOC, one of the world’s biggest oil companies. It’s attracted heavy criticism from many quarters. Robin Mills at the Center on Global Energy Policy reviews the contradictions inherent in a leading fossil producing nation hosting the world’s most important decarbonisation forum. The Gulf states … [Read more...]
EU states agree deal on electricity market to protect consumers from price volatility, boost cheap renewable power
On Tuesday EU member states finally agreed on how to reform the bloc's electricity market after long months of difficult negotiations. The introduction of long-term contracts, particularly contracts for difference (CfDs), should stabilise prices for consumers and give certainty to investors in new generation. But the big concern had been how the state support implicit in CfDs might be used to bias the playing field in favour of nuclear and coal, … [Read more...]
Event summary: “Bioenergy after REDIII – sustainable, climate neutral fuels for industry, transport and negative emissions”
Sara Stefanini provides a written summary of our panel discussion held on Wednesday 4th October 2023. It’s a full summary of the 75 minute discussion, and begins conveniently with a summary of the highlights. Under the recently revised Renewable Energy Directive (REDIII) bioenergy can be counted towards the renewable energy targets – provided that it meets strict sustainability criteria. Bioenergy already accounts for 60% of the EU’s renewable … [Read more...]
Concawe Symposium tackles climate and pollution as RED commits fuel companies to 29% renewable content from 2030
With the adoption of REDIII last week we are set for a dramatic increase in the “renewable” element of liquid fuels. It means that in just 10 years, the renewable element will have tripled, rising from 10% in 2020 to 29% from 2030 onwards. In the EU, Concawe (a division of the European fuel manufacturing industry) develops scientific research and technical studies on the fuel industry’s products and operations, and their impact. Concawe is … [Read more...]
Rooftop Solar: will subsidies benefit wealthy early adopters, while grid limits lock out the latecomers?
Subsidies encouraging homeowners to install rooftop solar are being won by the affluent who can afford to be first movers. And when the technology has come down in price, the remaining majority of households will be shut out of the benefits of own-generation because the grid won’t have the capacity to integrate everyone. That’s the argument made by Juan Jose Cuenca Silva, Barry Hayes and Hannah Daly at the University College Cork who summarise … [Read more...]
Spain: as Renewables rise, managing supply and demand is the next challenge
In May this year Spain reached a landmark day when it was powered 100% by renewables - solar, wind and hydroelectric power - from ten o'clock in the morning until seven o'clock in the evening. In four years the share of renewable energy generation rose from 37% to 50%, while non-renewables dropped from 62% to 49%. Its draft Law on Climate Change and Energy Transition targets 35% of renewable energy in final consumption by 2030 and 100% in the … [Read more...]
Electricity Market Design – creating the stimulus for competitive Offshore Wind within the internal energy market
Ahead of the upcoming discussion in Brussels (September 18, 15:00, Polish Embassy REGISTER HERE) on how to stimulate renewable investment, see below for a reminder of what was discussed at our conference before the summer. This time around, following an open address by Wanda Buk, VP Regulatory Affairs at PGE, PGE Baltica's CEO, Arkadiusz SeksciĹ„ski will be joined by Thor-Sten Vertmann, Electricity Market Design (EMD) expert within Ms Kadri … [Read more...]
Does Nuclear slow down the scale-up of Wind and Solar? France and Germany can’t agree
France and Germany lead the camps in disagreeing on the future of nuclear in Europe. Camille Lafrance and Benjamin Wehrmann at CLEW take a deep dive into the reasons why, quoting experts and politicians. Germany’s vision of a fully renewables-based EU is at odds with France’s unwavering support for low-carbon nuclear energy. European-wide agreement on targets matter because they drive future investment in the targeted technologies and the design … [Read more...]
Germany to ramp up the decarbonisation of Buildings Heating from Jan 1st 2024. How?
Decarbonising heating is a major challenge for any country. Germany’s Building Energy Act (GEG) means that from 2024 every newly installed heating system, in new or existing buildings, must operate with a minimum of 65% renewable energy. Concerns over the costs to customers (installing new and expensive systems, or paying a penalty for fossil heating) has led to intense debates, hence the new law includes a range of subsidies, bonuses, discounted … [Read more...]
Only certain types of Hybridisation (Wind or Solar + Storage) beat building expensive transmission lines
In some regions, the roll out of new wind and solar has outpaced new transmission. That causes “congestion” at times when the variable renewables are producing too much power locally, and cannot sell the excess, which squeezes profitability. That’s certainly the case in the U.S. now. One answer is “hybridisation” where storage is built alongside the renewables, to save that excess power for when it can be sold later. Julie Mulvaney Kemp at … [Read more...]
Russia’s war has exposed France and Germany’s energy policy differences. Can it also bring them together?
France and Germany combined account for 45% of EU GDP and 40% of energy consumption. No wonder they are the most influential EU members. But the Russia-induced energy crisis has forced both Paris and Berlin to expose and admit the differences in their national energy strategies, and that has made a search for a unified voice for Europe’s ambitious climate targets much harder to achieve, explain Camille Lafrance and Benjamin Wehrmann at CLEW. … [Read more...]
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