October 5, 2017 Read More →

European Utility Exec: ‘New Coal Is Finished’

Euractv.com:

Apart from Poland, there are no plans to build new coal-fired power plants in Europe, says Francesco Starace. The hard question today is instead who will build a new gas power plant. “And many companies are not doing that either,” he told EURACTIV in an interview.

Francesco Starace is CEO of Enel, the Italian power utility. Since June, he has also been president of Eurelectric, the trade association representing the electricity industry at European level.

INTERVIEW HIGHLIGHTS:

Renewables are “clear winner of the cost per kilowatt hour battle”

Carbon neutrality in power sector achievable “certainly earlier than 2050”

After coal, gas also is being phased out

E.ON split was “a bet”, companies should focus on “useful part” of their legacy assets

EU’s EPS 550 rule is “the wrong battle”, won’t drive investments

P2P “important” but only a small part of the value chain

More: EU power utility boss: ‘Coal is finished, the hard question now is gas’

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