Enza Tedesco

North Africa's abundant solar and wind resources provide a reliable solution to meet the continent's growing demand for clean power, the Norwegian consultancy said in a report.

Reliance on CCS to reach net-zero emissions in Europe may prove costly and ineffective, leaving taxpayers to shoulder up to EUR 140bn in subsidies, according to the report from the Institute for Energy Economics and Financial Analysis (IEEFA).

For power-intensive sectors like aluminium, purchasing these certificates added significant costs, posing financial challenges as such firms needed affordable energy, they said.

Ruby told a conference in Milan that overall installed capacity would ultimately depend on regulatory approvals and business considerations. Hurdles include heavy regulatory requirements relating to safety and waste management, and higher costs per MWh compared to traditional units. “When you opt for small reactors but face the same security

September’s prices dropped to EUR 50.08/MWh, with Poland registering the largest decline at nearly 8%, Pexapark noted in the report published on Wednesday. French and Nordic PPA prices fell by close to 7% and 6%, respectively. Prices in other energy markets also ended September down, with gas prices falling 6%

“The market is losing sight of what the initial purpose of GOs was – transparency and impact [and this could damage] the reputation of GOs,” said Hans Petter Kildal, CEO of Norwegian consultancy Becour.

The region's supply-demand gas outlook for winter remained stable but increasing LNG demand and potential geopolitical disruptions still posed some risk to security of supply, Matteo Mazzoni, director of energy analytics at Icis, told Montel's Italian Energy Day in Milan on Tuesday.

Russia's piped gas exports to the EU have dwindled from around 45% of total gas imports before its February 2022 invasion of Ukraine to less than 20% , although some transit flows continue via Ukraine under an agreement set to expire at the end of December.

Italy, Germany and the UK are leading the 32% hike in the planned buildout with a combined 40.5 GW of new capacity to be commissioned by that date, said the group, which was not immediately available to respond by queries by Montel on planned operation dates.

Limited cross-border transmission capacity, lagging renewable generation output and high gas dependence compared with other countries continued to set the Italian market apart, they said.