Tuesday, November 8, 2022
“Gas will continue to play an important role in the European energy mix for some time to come, but unless something fundamental shifts, then simple economics, as well as climate concerns, will tip the balance in favor of renewables.”
– Carlos Torres Diaz, Rystad Energy –
One unintended consequence of the current war in Ukraine may be a very significant shift in European and world energy markets. Oslo-based Rystad Energy recently laid out some interesting projections that place the cost of European solar PV and wind at a significantly lower price point than gas-fired generation – even if natural gas prices return to more normalized levels. To learn more, Click here for the paper Energy crisis: the beginning of the end for gas-fired power in Europe.
Stay safe. Stay healthy. Be strong. Lead well.