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already "know" what's next:

Europe poised to rely on natural gas

Natural gas is likely to become the energy source of choice after moves by Germany and some other European nations to turn their backs on nuclear power


Gas is relatively abundant and cleaner than coal - a selling point for a region that has pledged to lead the world in fighting global warming. These considerations have fuelled Brussels' backing for a sprawling new pipeline, known as Nabucco, that would by 2017 link Austria to oceans of gas in Azerbaijan, reducing the bloc's dependence on Russia.


Poland and other European states are also pushing to use hydraulic fracturing techniques to access shale gas deposits trapped in rock, despite environmental concerns.

Gas accounts for 23 per cent of European Union power generation, compared with 28 per cent for nuclear and 19 per cent for renewable sources of power, such as wind and solar.

And of course:

Cost is a serious concern. Ronan O'Regan, director of energy and utilities at PwC, the professional services firm, estimated that Germany could expect to spend €3bn ($4.3bn) for every 1,000 megawatts of new offshore wind capacity. An equivalent gas-fired plant would cost about €800m.

Because, of course, as we know, the only thing that costs money in power generated in a gas-fired power plant is the power plant...

"The interesting question is whether renewables can take up the slack.

"I think it's going to be pretty challenging in the short term," Mr O'Regan said.

Except that renewables are not asked to take the slack "in the short term" (the plants are to be shot in 2021, no?) and that, as DoDo has noted, renewables have taken up the slack in Germany this year...

Wind power

by Jerome a Paris (etg@eurotrib.com) on Mon May 30th, 2011 at 04:09:06 PM EST
That's a remarkable comment on gas fired plants.

Not beating the best energy comment of the year, but working on it.

So far the clear winner is Moody's with something like: Risks involving nuclear power generation in Japan are higher than was previously believed.

by rootless2 on Mon May 30th, 2011 at 04:17:15 PM EST
[ Parent ]

Friends come and go. Enemies accumulate.
by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon May 30th, 2011 at 08:02:03 PM EST
[ Parent ]


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