L R AS Published on Monday 25 October 2021 - n° 379 - Categories:various sectors
BloombergNEF Energy Crisis Conference
BloombergNEF brought together experts to discuss the energy crisis in Europe. They argued that it can be an opportunity for renewable energy deployment
on the continent by strengthening the business case. Grid constraints will have to be overcome.
Acciona's CEO remarked that "the energy crisis was related to gas supply, and the solution was the deployment of RE."
We are currently in the investment phase of renewables: 700 GW will need to be deployed until 2030 for Europe to meet its climate targets. The cost is estimated at 1.1 trillion dollars. This may involve the obligation to build transmission networks from production sites to consumption sites, as in the United Kingdom and Germany, since production is in the north and consumption in the south.
The benefits will come later.
Governments should not seek to stabilise domestic prices under political pressure. They must not disrupt the market mechanisms and price structures on which renewables are based.
PV Tech of 19 October 2021
Editor's note: There is a risk that governments will artificially lower the price of hydrocarbons (gas, petrol), making renewable energies less attractive.
There is also a choice of financial allocation: either we invest in renewable energies; then, because of the astronomical amount to be invested, we will not have enough financial resources to ensure the industry's competitiveness. Or we act to ensure the competitiveness of French products in the hope that there will then be enough income and financial resources to develop renewable energy infrastructures.
The real problem is elsewhere: France and its population in general do not really want to go ahead with renewable energy facilities. So money is sleeping in the savings bank and not being used to prepare for the future.
