LSEG Power Research has expanded the European forward price model to run until 2040. In this report we present our key assumptions and some key findings about where the European power transition will stand by 2040, what the state of the decarbonization process will be and what challenges remain 10 years before the 2050 EU carbon neutrality target year.
How does the renewable power capacity develop? How well will renewable power be integrated and what role will batteries play in this? What will be the power mix in 2040? How do relative power prices change over time and where do we see the price peak?
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