European power markets are being transformed by unprecedented investments in renewables as Europe aims to de-carbonise its power sector by 2050. In order to meet the 2020 renewables target, investments in renewables will need to be scaled up significantly compared to historical rates.
However, experience from IHS CERA, IHS Emerging Energy Research, and IHS Herold indicates that there are a number of challenges that need to be overcome now if the opportunities renewable energies offer are to be realised moving forward. To this end, IHS is performing a new multi-client study called “A Clean Slate: Financing Europe’s Renewables Future”, which will look at the possible scenarios for the evolution of the market for wind and solar technologies in Europe over the next two decades.
The study will examine how learning and cost decreases affect renewables competitiveness, whether or not system integration will increasingly become a constraint, and how support mechanisms are likely to evolve given the growing economic pressure on consumers’ and governments.
IHS will also look at who the historical investors in the European renewables market are, how the role of utilities and developers will change as the renewables industry matures, and what new types of partnerships and financing structures are likely to emerge.
The initial web-based presentation of the study next Tuesday by senior IHS experts will review the context and the purpose of the study, in addition to the key deliverables and the timeline. Presenters will include IHS’s Director of Research, Keith Hays; Senior Manager of Research, Fabien Roques; and Associate Director, Sam Shoro.
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