Grid bottlenecks could derail Europe’s renewable energy boom

Rystad Energy’s current base case forecast has Europe adding as much as 530 gigawatts (GW) of solar PV and onshore and offshore wind between 2022 and 2030, more than 66 GW per year on average. Furthermore, the share of solar and wind combined as a share of total installed capacity surpassed 10% in 2010 and…

EU ministers discuss joint gas purchases, electricity market reform

PRAGUE – European Union (EU) energy ministers held an informal meeting here on Wednesday to discuss solutions for high gas prices, preparing for the energy situation this winter, and a possible revision of the electricity market. Discussions aimed to define the European Commission’s legislative proposals on joint gas purchases and possible price capping, according to…

EU ministers debate how to tackle rising energy costs

The wave of price hikes is not set to abate before next spring, and ministers discussed a set of short-term measures that have been put forward by the European Commission to help consumers and businesses weather the shock. The main reason behind the sharp spike is increased global demand for energy, and gas in particular.…