By Paul Homewood
Europe is leading a global push to decarbonise power markets with renewable energy sources. Decarbonisation looks to be a tough but achievable challenge, with wind & solar capacity set to do the heavy lifting.
More than 350GW of new wind and solar is projected to come online across Western Europe over the next 10 years. At the same time, large volumes of dispatchable nuclear, coal & lignite capacity are due to close, at least 40GW by 2023 and 80GW by 2030.
We set out the challenges of such a rapidly changing European capacity mix in a recent article. This highlighted what in our view is a substantial shortfall in flexible capacity investment in order to support growing wind & solar output volumes.
In today’s article we use two case studies to illustrate the flexibility required to support renewable output swings in 2020 compared to 2030. We…
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