Areva’s third-generation EPR nuclear reactor has had a troublesome start, with heavy delays and cost overruns in the two units under construction in Finland and France. Two other units that are being built in China are doing better. But is it a wise decision for the UK to let EDF build an EPR at Hinkley Point C? Quentin Philippe, investor at London-based private equity fund Actis, takes a critical look at the EPR. He concludes that not all its … [Read more...]
Dutch research project shows costs offshore wind can be reduced 40% in ten years
The Dutch research programme FLOW (Far and Large Offshore Wind energy) shows that a well-coordinated approach between industry, knowledge institutes and government can achieve 40% cost reduction in ten years in the offshore wind sector. In about ten to fifteen years, offshore wind should be able to manage without subsidies. … [Read more...]
A fundamental transformation: “renewables win race on costs”
The cost of wind and solar power will continue to fall massively over the next 25 years, bringing about a fundamental transformation of the global electricity sector, according to new reports from Bloomberg New Energy Finance (BNEF) and the International Renewable Energy Agency (IRENA). Electric cars will boom, cheap batteries will be everywhere and there will no Golden Age of Gas, despite continued low gas prices, BNEF predicts. … [Read more...]
Energy crops have been a major flop with farmers – here’s why
In only a few years, biomass has become a major UK power source, supplying 3% of the total electricity supply. However, despite government incentives, UK farmers are largely unwilling to grow the feedstock for the biomass plants. Most of it has to be imported. Charles Warren, Senior Lecturer Geography and Sustainable Development at the University of St. Andrews, tried to find out why – and came to some very instructive conclusions. Courtesy The … [Read more...]
Europe can retrieve its lost clean energy leadership by moving away from subsidizing renewables
Europe can win back its lost clean energy leadership by moving away from subsidy-powered renewables, writes Christopher Burghardt, Vice-President Business Development Europe at First Solar and a member of the Board of Directors of Solar Power Europe. Rather than subsidizing renewables, Burghardt argues, Europe should stimulate utility-scale energy production by independent power producers, just as other markets around the world are … [Read more...]
TTIP and energy security: do Europeans still want US LNG?
When TTIP talks were launched in 2013, Europeans were keen to tap into the United States oil and gas bonanza resulting from the country’s shale revolution to help reduce prices and shake off the continent’s too-heavy reliance on Russian hydrocarbons. But now US shale gas is arrriving in Europe, regardless of TTIP, writes Iana Dreyer, editor of Borderlex, an independent newsletter on EU trade policy. According to Dreyer, national politics in … [Read more...]
Torpedoing the 2030 energy efficiency target
The European Commission, in preparing a new proposal on an EU energy efficiency target, has adopted somewhat more realistic assumptions than it did last time around, writes Brook Riley of Friends of the Earth Europe. But according to Riley, voices inside the Commission still seem to want to torpedo more ambitious efforts: they are aiming for a simple least-cost scenario, without regard for the many benefits of energy efficiency. “That’s daft!” … [Read more...]
Leading by example? Impacts of a domestic French carbon price floor
If enacted, France’s plan for a domestic carbon price floor will lower CO2 emissions and increase power prices in France, but it will only have a marginal impact on total EU CO2 emissions and European carbon prices, write Hæge Fjellheim, Yan Qin and Emil Dimantchev, senior analysts at Thomson Reuters. They surmise that for the French government the plan is a way to lead by example. It will also bring in extra government revenues and improve the … [Read more...]
Brexit likely to lead to higher not lower UK energy prices
If the UK electorate votes to leave the EU on 23rd June, will British households then face higher or lower energy bills? Nobody knows for sure, writes Stephen Tindale, Director of the Alvin Weinberg Foundation: it would depend on decisions taken by a post-Brexit government and the impact of a Leave victory on British politics. But according to Tindale claims from Brexiteers that leaving the UK would lead to lower energy prices are misleading. The … [Read more...]
Interview Joan MacNaughton, World Energy Council: “Policy is key – you can’t allow a free for all”
Focused, well-designed energy policy in a robust regulatory environment is key to achieve energy security, sustainability and affordability. That’s the major conclusion from the 2016 World Energy Trilemma report of the World Energy Council, presented at the Clean Energy Ministerial in San Francisco on 1 June. According to Joan MacNaughton, Executive Chair of the study, “it’s still hard for most countries to balance all three aspects of the energy … [Read more...]
Nord Stream 2: Trust in Europe
The prospect of building the Nord Stream 2 pipeline between Russia and Germany is dividing the EU into two camps. By following geopolitical considerations, both sides are neglecting the concept of a liberalized natural gas market and are overlooking Europe’s favorable position in current international gas trade, writes Severin Fischer, Senior Researcher in the Global Security Team at the Center for Security Studies (CCS), ETH ZĂĽrich. … [Read more...]
The fight over the EU’s nuclear ambitions – and what it means for European energy research
A leaked “strategy paper” in the German media has thrown  up fresh questions over what Europe intends to spend its innovation budget on. In the paper the European Commission and member states set out broad goals for the nuclear industry, including developing small modular reactors. Nuclear opponents reacted furiously. In her new Brussels Insider column, for the Energy Post Weekly premium newsletter, Sonja van Renssen investigates the fight over … [Read more...]
Renewable energy versus nuclear: dispelling the myths
Don’t believe the spurious claims of nuclear shills constantly putting down renewables, writes Mark Diesendorf, Associate Professor of Interdisciplinary Environmental Studies at UNSW Australia. Clean, safe renewable energy technologies have the potential to supply 100% of the world’s electricity demand – but the first hurdle is to refute the deliberately misleading myths designed to promote the politically powerful but ultimately doomed nuclear … [Read more...]
Renewables in China and India: two Asian giants struggling with inflexible power system operations
China and India are building huge amounts of solar and wind power, but a lot of this capacity is wasted as it cannot be integrated into the grid. In China the problems stem mostly from rigid planning processes and compensation systems. In India, the stumbling block is state-owned distribution operators that have an incentive not to increase access to electricity. In both countries, reforms are contemplated but will be difficult to achieve. This … [Read more...]
European researchers: include consumers in the EU Emission Trading Scheme
The EU Emission Trading Scheme should not only be applied to industrial producers of CO2, but also to their consumers, proposes Karsten Neuhoff, Head of the Climate Policy Department at the German Institute for Economic Research (DIW Berlin). This would provide sufficient incentives to all market players to reduce their emissions and would do a lot to clarify the structure of free allowance allocation, providing long-term certainty for … [Read more...]
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