transforming the energy system towards renewable and climate-neutrality
The issue of climate change has become - as we know - to one of the dominant themes of our time, and the way companies respond to it may have major implications for their future success. Therefore, my dissertation completed last year at Johannes Kepler University Linz had - among others - a distinct focus... Continue Reading →
Especially in an energy system increasingly dominated by volatile RES generation, the seasonal (!) shifting of structural (!) summer surpluses into the winter period is a key challenge. This is increasingly common sense. I believe the solution to this challenge comprises variety of measures: due to good reason reference is made to the storage potential... Continue Reading →
USA rejoining the Paris Agreement is great. However, this needs to be underpinned with significant action. Therefore the Biden Administration is, among other objectives, determined to make the U.S. power supply carbon neutral by 2035. Current situation: ⁓40% of US power supply is carbon neutral; made up of pretty similar shares of renewables and nuclear... Continue Reading →
Insights based on a recent IEA assessment of 243 plants in 24 countries:- RES generation costs (based on levelized cost of electricity (LCOE)) continue to decrease- even with assumed moderate emission costs of USD 30/tCO2 they are now - for green fields - competitive with dispatchable fossil generation in many countries- onshore wind is expected... Continue Reading →
While the implementation of the recast of the EU renewable energy directive (REDII) is still ongoing across Member States, the process of developing a renewed RED III has already started. Hasty? Maybe yes, but at the same time required for keeping track with the increasing ambition levels and ensuring a holistic approach to energy system... Continue Reading →
Recently, I read an interesting comment on LinkedIn which translated the PV expansion in Austria, which is a cornerstone of the upcoming EAG law (Erneuerbaren-Ausbau-Gesetz) in hardware and handles required to reach the objective of additional 27 TWh PV generation capacity until 2030: And very good news on top of that: Millions of modules do... Continue Reading →
Some key facts about the "EU Offshore renewable energy strategy" published recently: First of all, the status quo:- 12 GW installed offshore wind capacity in EU waters-with this, the EU 27 host impressive 42% of capacity installed globally (together with UK hosting alone almost 10 GW in total a share of 80% (!))- LCOE for... Continue Reading →
While in Austria many are (for good reason) impatiently awaiting the ‚EAG‘ law to provide a new framework for intensified and more marked-based RES deployment, CEER just provided with a recently published report interesting insights into the state of play of RES tendering procedures across Europe. Some interesting take-aways:- in 18 countries RES tenders have... Continue Reading →
Today at the EU-Energieforum organized by VERBUND there was a good presentation of the central aspects of the EAG Austrian energy law package by representatives of the responsible Austrian ministry (BMK).Confronted with the question if the presented figure below reflects all the renewable energy support costs for the objective of climate neutrality in 2040, their -... Continue Reading →
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