Home Energy assets Austria will be the main exporter of electricity from 2030, analysts say

Austria will be the main exporter of electricity from 2030, analysts say

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Austria would see net imports of around 1.7 TWh increase to net exports of around 17 TWh per year by the end of the decade, said Konstantin Lenz of Berlin consultancy Volue.

He attributes this displacement to the surpluses likely to be generated by a law spent this year to increase the share of renewable energies in the country in the electricity mix from 75% currently to 100% by 2030.

Solar is expected to account for 7.5 TWh of the net increase in exports, the largest share, Lenz said.

Next come hydroelectricity (6.1 TWh), wind power (2.5 TWh) and biomass (1.0 TWh).

These exports were likely to displace production as far as the UK, mainly reducing natural gas consumption through interconnection of European markets, Lenz said.

He noted that the gas was still likely to generate 5.8 TWh of Austrian electricity in 2030 – only around 6% less than current volumes – mainly due to German electricity import needs which are expected to increase.

Exporting country
“At the moment Austria imports a lot, especially from Germany … but no later than 2030 Austria will look to an exporting country and export in all scenarios, depending on how renewables will be. built, “said Sebastian Braun, senior analyst at the commodities consultancy. Here.

Austria would also likely switch from setting its electricity prices in Germany to that of Italy, where it would increasingly export to higher prices in southern Europe, he added.

The government’s plan to increase renewable energy production by 27 TWh – a 38% increase in Austrian electricity production in a decade – was a “very ambitious target,” said Thomas Schabhuettl of the company. electricity Salzburg AG.

Volatility would be “the huge challenge” to be met, requiring “new measures and new tools”, said Christian Todem of Austrian grid operator APG.

He noted that the company spent 200 million euros in 2019 on interventions aimed at ensuring energy security – a figure that is expected to increase significantly unless more demand responses and coupling with other sectors fail. are integrated into the electricity markets.

The location of new clean energy assets would also be a challenge requiring a shift in distribution from west to east.

“The investments we need to make to deal with the situation amount to 3.5 billion euros,” Todem said, noting that this was in addition to the Austrian investments in production assets alone of 25 billion euros. euros.