Participating in the panel “Decarbonisation Speedways – Re-balancing Europe’s 2050 Decarbonisation Agenda”, Mr. Stassis emphasized that the electrification of other energy sectors (which also generate demand growth) is the most important driver for Europe’s decarbonisation
The actions, challenges and major systemic changes required for Europe to achieve the decarbonisation targets it has set, and at the same time to be able to meet the increased energy needs – which are expected to double by 2050 – were mentioned the President and CEO of PPC, and Vice President of Eurelectric, at the “Power Summit – Balance of Power” conference organized by Eurelectric on 20 and 21 June in Brussels.
Participating in the panel “Decarbonisation Speedways – Re-balancing Europe’s 2050 Decarbonisation Agenda”, Mr. Stassis emphasized that the electrification of other energy sectors (which also generate demand growth) is the most important driver for Europe’s decarbonisation. “Thanks to the cost competitiveness of solar and wind power and the ever-increasing storage capabilities, the electrification of other energy sectors is an efficient and cost-effective way to decarbonize” as, as PPC’s CEO stated, the vast majority of additional generation it is from APE.
That is why the two main challenges for Europe to achieve its goals are the size and the pace of development of green technologies. “To catch the targets for 2030 we need to almost double the RES installations built every year.”
To achieve the scale and pace of development of clean technologies required, Mr. Stassis cited four critical conditions: speeding up licensing processes for power generation and grid infrastructure, modernizing the grids to manage a larger and much more complex system, a flexible electricity market that promotes investment and finally availability of materials and supply chains.
Bringing the example of Greece, as each geographical region has its own particularities, Mr. Stassis emphasized that PPC’s ligniteization program includes the retirement of lignite units producing 3 GW over the next 5 years, while at the same time the company accelerates development RES adding 5 GW by 2026. “Furthermore, we are investing in flexibility on both the demand and supply sides. This includes batteries for storage, consumer products such as electric vehicles and small-scale solar, and digital tools that help us leverage demand management. This is a fundamental transformation of the production mix.”
At the Eurelectric conference, key policy makers and leading industry representatives discuss the future of energy and how to meet the rapid growth in renewables by turning challenges into opportunities to achieve Europe’s energy transition and security . The PPC Strategy Director, Mrs. Elena Giannakopoulou, also participates in the conference as a speaker, in the panel on the security of supply of Europe and the autonomous energy system of the future.
Eurelectric, the association of European energy companies, which represents more than 3,500 companies from 30 countries, announced yesterday its new Board of Directors in which the President and CEO of PPC, Mr. Giorgos Stassis, assumed the role of vice president for 2 years. President of the Board of Directors of Eurelectric remains the CEO of E.ON, Mr. Leonhard Birnbaum.
Source: Skai
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