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Europe's Energy Future: A Pragmatic Approach

Engie's CEO discusses Europe's energy transition challenges, competitiveness with the US, and the role of renewable energy, PPAs, and grid interconnections.

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French

France

EconomyGeopoliticsEuropean UnionEnergy SecurityEuropeRenewable EnergyEnergy

EngieEuropean UnionCommission EuropéenneMetaOcp

Catherine MacgregorDonald TrumpAgnès Pannier-Runacher

How can Europe address the growing competitiveness gap with the United States in the energy sector?: To bridge the competitiveness gap with the US, Europe needs more pragmatism, reducing bureaucracy, and protecting its industry. Streamlining regulations and project financing processes is crucial for faster innovation and deployment of green technologies.
What is the current state and future outlook for Power Purchase Agreements (PPAs) for renewable energy?: The increasing demand for renewable energy PPAs is driven by corporate decarbonization commitments and the need for price visibility. While European PPA prices are currently higher than in the US, they are decreasing, eventually becoming competitive.
How would greater interconnection of European energy grids contribute to energy security and resilience?: Interconnections across Europe are key for a resilient, decarbonized energy market, enabling the continent to leverage its diverse renewable resources and weatherize against climate risks. This includes potential expansion to North Africa, particularly Morocco.
What is the potential for the US to use energy as leverage against Europe, given the return of Donald Trump?: While the potential for US energy blackmail is uncertain under a Trump presidency, economic pragmatism in the US likely means continued renewable energy projects despite political shifts. The main concern lies in potential setbacks for offshore wind energy.
How can the EU achieve energy independence and succeed in its energy transition amid geopolitical changes and a less cooperative US administration?: The EU's energy independence is paramount, requiring a faster transition to renewable energy produced within the EU to avoid new dependencies. The ambitious existing roadmap should be implemented, focusing on investment and industrializing green technologies.

Jan 20, 10:08

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