The integration of new clean generation sources on top of the increase in electrification of industry, e-mobility, and heating and cooling means grid investment must be made a priority. Anything else will leave deployment-ready solutions waiting, slowing down the transition. The backdrop is that over one third of the EU’s grids are already more than 40 years old. Eurelectric has produced a manifesto, “Connecting The Dots”, that estimates … [Read more...]
EU ETS Modernisation Fund: putting the wind in the sails of the Transition
Transforming the power system to reach climate neutrality by 2050 will cost approximately €100bn per year according to Eurelectric. In recognition of the different starting points for Member States, the European Commission has introduced the new EU ETS Modernisation Fund (MF) which could be worth as much as €25bn* to the beneficiaries between 2021 and 2030. According to Monika Morawiecka, CEO of PGE Baltica, offshore wind already makes business … [Read more...]
Eurelectric warns of “real and severe” risks from no-deal brexit
With talks over the UK’s divorce deal with the EU having stalled over the weekend, the pan-European electricity industry association Eurelectric has taken the unusual step of calling for a rapid and successful end to negotiations. What follows is an open letter from Eurelectric’s secretary general, Kristian Ruby, to UK Prime Minister Theresa May and European Chief Negotiator Michel Barnier.  … [Read more...]
