PROJECTS
Sustainable Electricity Trading Roadmap
The problem
Electricity systems from Morocco through Spain, Portugal, France and Germany are physically interconnected; yet the market mechanisms that promote renewable generation are not integrated, and transmission links not adequate for potential trading volumes. These factors limited potentially beneficial trades, such as solar energy being exported from sunnier places to less sunny places.
How we helped
Castalia led a team advising the governments of Germany, Spain, Portugal, France and Morocco on a Roadmap for Sustainable Energy Trade. To do this we identified markets for renewable generation (such as European renewable energy auctions and large corporate consumers of renewable energy); analyzed opportunities for trade to reduce the cost of meeting renewable energy demand; identified transmission constraints hindering trade; assessed costs and benefits to show where transmission upgrades were economically justified; and identified regulatory and market reforms needed to allow sustainable energy trade among all the countries involved.
Impact
In December 2018, the five countries signed a joint declaration to implement renewable energy cross-border corporate power purchase agreements.
The client
Our team
How can we help you?
How can we help you?
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
Sinclair House, 3 Glenside Crescent
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (0)1 85 64 10 22
3B Rue Taylor
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-121
Colombia
Thinking for a better world.
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia
Thinking for a better world.