太陽能投資使命：探索新領域.pdf

1、MISSION SOLAR EXPLORE EUROPES NEXT ENERGY FRONTIERMain SessionMISSION SOLAR INVESTMENTS:EXPLORING NEW FRONTIERSMISSION SOLAR EXPLORE EUROPES NEXT ENERGY FRONTIERSPEAKERLaurent SegalenManaging Partner,Megawatt-XMISSION SOLAR EXPLORE EUROPES NEXT ENERGY FRONTIERSPEAKERChristof LessenichHead of Unit Ma

2、rkets,DG ENER,European CommissionThe electricity market design reform:better support for renewable investments4 March 2024Solar Power SummitChristof Lessenich Head of Unit Internal Energy Market DG ENERElectricity prices are volatile and create a difficult investment contextSource:Ember-https:/ember

3、-climate.org/data/data-tools/europe-power-prices/Electricity prices/MWhRenewable generation assets willincreasingly struggle to capture prices2023 WeeksHours of the daySource:Julien Jomaux,https:/ pricesduringmiddayhours in high solar seasonHigh prices in morning/summerin high solar seasonDE PricesT

4、he more RES of a similargeneration technologies are installed,the higher their impact on prices.Solar generation is leading to the emergence of duck curves with lower prices at solar peakproduction and higher prices in peak demand time.This leads to difficulty for RES developers to capture a suffici

5、ent rent through the spot markets.2023 has seen the most hours with negative prices in the Netherlands,sometimes reaching the minimum limit of-500/MWh.One of the main reason leading to such prices is the lack of exposure to price signals of solarproducers,removing incentives to stop producing at tim

6、e of surplusSupport schemes need to provide correct incentivesSource:CREG,Study on the occurrence and impact of negative prices in the day-ahead market,2023EMD introduces a better toolbox for MSs to support RES development:PPAsMS to promote the uptake of PPAsInstruments to reduce financial risk shou

7、ld be availableRES support schemes allowing the participation of PPAs supported projectsEMD compromise:Development of Power Purchase Agreements(PPAs)Volume of RES installed capacity in EU,and projection to reach Fit-for-55 and REPowerEU targets,source EurostatRole and barriersPPAs are recognized as

8、a key instrument to foster the investment in renewable assetsAs for all long-term contracts,counter-party risk is a major barrier to the PPAs developmentEMD introduces a better toolbox for MSs to support RES development:CfDsDirect price support schemes for new installations shall take the form of a

9、two-way CfD in:solar,wind,geothermal,hydro without reservoir and nuclear energy.CfDs shall redistribute revenues collected by the Member State to final customers,while keeping incentives to reduce electricity consumptionCfDs have to follow specific design principles to avoid undue market distortions

10、EMD compromise:Two-way Contracts for Differences(CfDs)for public support for new installationsDistribution of renewables auction per support scheme(2014-2021),source:COMRole and barriersState support schemes are needed to achievethe ambitious RES targetsState Support schemes have taken verydifferent

11、 forms accross the continentThe Commission will carry out an impact assessment on ways to improve market participants ability to hedge price risks in the internal electricity marketEMD compromise:Improve liquidity of forward marketsEMD introduces a better toolbox for MSs to support solar development

12、:forward marketsRole and barriersForward markets are key for marketparticipants to hedge their priceexposureEU forward markets have a generallylow liquidity and have shown variouslevels of liquidity accross the differentzonesChurn rates of forward markets.Source:ACER The electricity market design re

13、form introduces measures to fosterinvestment in renewable assets,leading to a more harmonised and effective framework,while safeguarding the efficient functioning of the market.The introduced measures aim at complementing each other to create a complete toolbox for Member States.ConclusionThank you.

14、Any questions?MISSION SOLAR EXPLORE EUROPES NEXT ENERGY FRONTIERSPEAKERAnnie ScanlanPolicy&Impact Director,RE-Source PlatformMISSION SOLAR EXPLORE EUROPES NEXT ENERGY FRONTIERSPEAKERAdolfo AielloDeputy Director General,EUROFERMISSION SOLAR EXPLORE EUROPES NEXT ENERGY FRONTIERSPEAKERIngmar WilhelmCo-

15、founder and CEO,Galileo Green EnergyMISSION SOLAR EXPLORE EUROPES NEXT ENERGY FRONTIERSPEAKERSChristof LessenichHead of Unit Markets,DG ENER,European CommissionAnnie ScanlanPolicy&Impact Director,RE-Source PlatformLaurent SegalenManaging Partner,Megawatt-XIngmar WilhelmCo-founder and CEO,Galileo Green EnergyAdolfo AielloDeputy Director General,EUROFER