HOW TO BOOST INVESTMENT IN THE FLEXIBLE BALANCING CAPACITY? (EU / SPAIN)


how-to-boost-investment

The European Commission released the Energy Roadmap 2050 on 15 December 2011. The purpose of the roadmap is to explore the challenges posed by the EU’s decarbonisation objective (80- 95% cut in CO2 emissions by 2050). The Roadmap seeks to develop a European framework for reducing greenhouse gas emissions from the energy sector and presents scenarios that explore possible pathways to show how our energy landscape might look like if certain routes towards decarbonisation are taken. All of the scenarios imply major changes in, for example, carbon prices, technology and networks.

The common aim of the Commission, Council and the European Parliament is to agree on concrete deliverables which would use the 2050 roadmap as the basis for developing a long-term stable EU policy framework. One key aim of the future policy is to reduce investor uncertainty in order to boost market-driven investments into low-carbon energy production.

This background paper outlines the key system level points that Wärtsilä wishes to emphasize in the 2050 Roadmap follow-up work. It also evaluates the role of dynamic balancing power which is needed for ensuring the maximum level utilisation of power generation based on renewables. Furthermore, it proposes some follow-up actions for the European Commission which are needed in order to ensure reliability of the system and to advance investments crucial for enhancing renewable energy generation in the EU.



    More information

Melle-Kruisdijk - Contact

  Melle Kruisdijk
   Vice President Europe
   Wärtsilä Energy Solutions
   
   Send Email