Power & Energy Solutions

The premier renewable energy publication

As the world becomes ever more conscious of the need to conserve fossil fuels and move towards greener methods of energy production, the EC's Joint Research Centre remains at the centre of efforts to spread the word. Here the group gives PES an overview of the current state of play and looks into its crystal ball to predict some possible future trends.Spiking oil prices at $147.27 per barrel in July 2008 and speculations about when the oil price will exceed $200 per barrel have already become a reality. The enormous price fluctuations of oil prices during the last 12 months due to the volatility of the financial markets and economic turmoil, have highlighted our strong dependence on oil and have added an additional argument for the introduction of renewable energies: minimisation of price volatility risks. The Gas Crisis at the beginning of 2006 and the interruptions of the gas supply in the summer of 2008 and early 2009 have demonstrated that Europe is highly vulnerable with regards to its total energy supply. A possible solution is the diversification of supply countries, as well as the diversification of energy sources including renewable energies and photovoltaics (PV). In June 2009, the new

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