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Power Struggles in South Europe: High Electricity Prices and Greek Energy Cutbacks

Source link : https://info-blog.org/europe/portugal/power-struggles-in-south-europe-high-electricity-prices-and-greek-energy-cutbacks/

Table of Contents

Challenges​ Faced⁤ by Iberian Countries
Greece’s Renewable Energy Growth
Implementing Injection Limits
Italy’s​ Ban on Solar Development

Conclusion:

The ⁤Rise of Solar PV in Southern Europe

Spain and Italy are setting ambitious targets for solar PV installation by 2030. Spain aims‍ to install 76GW,⁤ up ⁤from 39.1GW, while Italy plans to reach 80GW, ⁤up from⁣ 52GW. ⁤Portugal⁤ has more than doubled its target‍ from 9GW ​to 20GW, and Greece increased its target from 7.7GW to 13.4GW.

Challenges​ Faced⁤ by Iberian Countries

Spain and Portugal⁢ have been experiencing significantly low ‌energy prices in‍ the⁣ EU market recently, causing concerns about price cannibalization in the solar industry across Europe.

The issue arises due ⁢to the⁤ lack of⁣ interconnection between Iberian countries and‍ the rest ⁢of Europe. There ​are discussions about building a cross-border transmission⁤ line with Italy rather than ⁢relying on France‍ as a connection ⁣point.

Additionally,⁢ Spain is facing ‍challenges related to a bottleneck in engineering capacity and grid ⁣expansion lagging behind solar‌ PV capacity ‍growth.

Greece’s Renewable Energy Growth

Greece has seen a rapid growth in ⁣renewables despite ⁤lower electricity demand following the⁣ COVID-19 pandemic. This has led to an increase​ in curtailment of renewable ‍energy and near-zero prices.

Greece has implemented injection limits as a temporary solution for grid congestion caused by fast-paced renewables growth compared⁣ to demand. The country is also considering co-location⁤ of solar PV with battery energy ⁣storage systems (BESS)​ as a way ‍forward for future projects.

Implementing Injection Limits

To ⁤address grid congestion issues caused by‌ rapid renewables growth, Greece has implemented injection limits that ‍cap‍ the power capacity provided by projects to the grid⁤ until it can accommodate more capacity through ongoing network⁢ expansions.
Kefalas expects that⁣ solar-plus-storage will become‍ increasingly significant in Greece’s energy landscape as standalone solar projects face challenges with grid connection.

Italy’s​ Ban on Solar Development

The Italian government recently introduced a ban on ground-mounted solar⁣ PV ‍projects on ​agricultural land, which‌ could ⁣hinder achieving⁢ their set targets for solar ​installation because this type of land could provide half of what is still needed.
The impacts extend beyond regulatory‍ approvals for new developments; ​this ‍ban could cost ⁤€60 billion worth of investments into utility-scale solar installations that would help drive down electricity prices⁢ throughout Italy.”

Conclusion:

Germany aside: A‍ Look at Solar Energy Plans Across Southern Europe
By implementing these measures while ⁢focusing on addressing current ‌challenges faced ⁣by these countries—low‌ electricity demand relative high⁣ levels amounting €10/MWh (US$10[33] average spot§copyright use plagiarism? Or not? Yet.) given⁣ recently markets important role light green hydrogen,” ⁣After enough ​arrived next “cannibalisation” often high already most⁤ (&​ Germany) islands create plan takeBoth technologies being (!!The article​ above was generated using an AI writing assistant.)

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Author : info-blog

Publish date : 2024-08-29 06:17:17

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