European Utility Exec: ‘New Coal Is Finished’

first_imgEuropean Utility Exec: ‘New Coal Is Finished’ FacebookTwitterLinkedInEmailPrint分享 from Poland, there are no plans to build new coal-fired power plants in Europe, says Francesco Starace. The hard question today is instead who will build a new gas power plant. “And many companies are not doing that either,” he told EURACTIV in an interview.Francesco Starace is CEO of Enel, the Italian power utility. Since June, he has also been president of Eurelectric, the trade association representing the electricity industry at European level.INTERVIEW HIGHLIGHTS:Renewables are “clear winner of the cost per kilowatt hour battle”Carbon neutrality in power sector achievable “certainly earlier than 2050”After coal, gas also is being phased outE.ON split was “a bet”, companies should focus on “useful part” of their legacy assetsEU’s EPS 550 rule is “the wrong battle”, won’t drive investmentsP2P “important” but only a small part of the value chain More: EU power utility boss: ‘Coal is finished, the hard question now is gas’last_img read more

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