Tue. Oct 22nd, 2019

Laica asks for stability for an investment in renewables of 81,200 million until 2030 – La Provincia


Waiting to know how many projects will be delayed more than the account for the processing and will not reach the deadline set by the Government by the end of this year, the ignition of the 4,600 megawatts (MW) of wind awarded in renewable power macrosubastas from 2016 and 2017 to meet the European objectives in clean sources, it puts the sector in a second youth. As many parks as those installed in the last decade will be operational immediately. And that is just the tip of the iceberg. There are 21,700 MW with request for access to the transport network and another 5,470 MW being processed. The wind is moving towards electric leadership in Spain, a pioneer country in its use and in which it now touches "the challenge" of advancing its integration and that of other green technologies "to achieve a higher penetration," said Hilario Albarracín, the president of KPMG, in the presentation yesterday in Madrid of the reportThe socioeconomic impact of wind energy in the context of the energy transition, conducted by the consultant for Siemens Gamesa. The CEO of the wind turbine giant, Markus Tacke, still lacks "financial incentives" and demands "clear policies" to take advantage of all the wind potential, which could be enough to cover 34% of the global electricity demand – the equivalent to the consumption of the US, Europe and China together – in 2040 and even before, in 2030, in Spain.

Here the resurrection of the wind goes hand in hand with the "ambitious objectives of decarbonization of the economy" linked to the National Integrated Energy and Climate Plan (Pniec) to arrive in that time horizon to ten years seen at 74% of the electric mix from renewable sources. "The contribution of wind power must be relevant and the sector is prepared," says Carlos Solé, responsible partner of Economics & Regulation of KPMG in Spain.

Faced with uncertainties, there are – from a possible change of objectives after theelectionsof 10 N and the model of next power bids, to the evolution of contracts for the sale of electricity between promoters and final consumers (PPA), through the European reform of the electricity market – the "key role" that can play the wind as a gateway to "affordable, safe and sustainable energy" and the considerable reduction in wind turbines make the estimated return on investments "positive and considerable". "I encourage you to bet on renewable energy with firm commitments and with clarity and vision for a return to investment not only 10 years, but in the short term," said David Mesonero, chief financial officer of Siemens Gamesa.

Hence the insistence of the sector to appeal to tranquility after the enormous regulatory fluctuations caused by the energy reform and the crisis. "To realize these ambitious plans, long-term strategies and investments are required," said Markus Tacke. "Renewables do not need subsidies, but stability and visibility," added the head of the Energy division at KPMG Spain, Alberto Martín.

Renewables are expected to allocate 43% of the funds for decarbonization in Spain until 2030, about 101,500 million euros, the majority (81,200 million) of private investors, substitutes for public aid as the main investment lever. If expectations were met, the national Gross Domestic Product (GDP) would gain 6,000 million euros per year over the next decade and, according to KPMG's analysis, around 150,000 jobs per year would be created, of which 30,000 would belong to the wind sector .

"Public-private synergies are essential to advance the energy transition and more commitments to achieve the objectives," said Cristina Gallach, high commissioner for the 2030 Agenda, convinced that there is awareness "of the pace of energy transition, awareness and the urgency. " "Now we must take action," he continued, "taking into account people and the planet." Only wind power would stop the emission of 10.75 million tons of carbon dioxide into the atmosphere – twice what pollutes transport in Galicia, for example -, saving 142 million cubic meters of water and a reduction in costs related to health of approximately 2.4 billion euros, 0.2% of GDP.

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