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Energy crisis: the beginning of the end for gas-fired power in Europe

Gas-fired power generation, which is currently part of Europe’s electricity backbone, is being threatened by high prices, market challenges and the declining cost of renewable energy. Rystad Energy research shows that with recent gas prices, it would be 10 times more expensive to operate gas-fired power plants in the long-term than to build new solar PV capacity in Europe. ....

Carlos Torres Diaz , While The European Commission , Rystad Energy , Netherlands Based Title Transfer Facility , Western Europe , European Commission , E Ampp News , Il And Gas Exploration , Xploration And Production , Nergy Pedia , Eological And Geophysical , Lternative Energy , Eavy Oil , Il And Gas Condensate , Icence Round , Il And Gas Ministry , Oil Companies ,

New solar capacity 10 times cheaper than gas, says Rystad

Operating gas-fired power plants would be 10 times more expensive in the long-term than building new solar capacity in Europe, according to research from intelligence company Rystad. Their study uses the levelized cost of energy (LCOE) for gas and coal-fired power generation at different price levels and compares it to the LCOE of solar PV and wind. ....

Carlos Torres Diaz , Rystad Energy , Netherlands Based Title Transfer Facility ,