In 2016, investments in renewables stabilized in Europe at $60 billion after dropping in 2015. In order to push for their deployment, the Energy Union (EU) put in place subsidies organized around feed-in tariffs (FiTs), which guarantee fixed revenues for renewable energy producers. These FiTs played a major role in renewables expansion but generated huge costs for consumers.
Trends in the market
- The CO2 target will be reached and surpassed in 2020, mostly because of economics. The question is, will it be sustained?
- Renewables are becoming cost competitive
- Battery energy storage is ready for market take off
- 2016 Utilities financials, while remaining problematic are stabilizing due to transformation plans and slight rebound in the wholesale market price
- Use of massive data, mobility, robotics and AI, should lead to plant performance improvement
A perspective on the European Energy Markets. Interview with Philippe Vié ,Vice President, Energy & Utilities, Capgemini.
The Clean Energy package for all Europeans
This new package was released for consultation on November 30, 2016. Its ambition is to reach seamless electricity flows through European Member States, to pursue the renewable energies market integration and energy efficiency efforts, and to enable consumers to become more effective players in the market.
Share of renewables in the Member States gross final energy consumption.
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