A new report from the European Commission’s Joint Research Centre (JRC), concludes that substantial investments are needed to make smart grids a reality. The study reviewed 219 smart grid projects Europe-wide, which have a total investment value of approximately €5.5 billion, and found new Member States (“EU12”) tended to lag behind in implementation.
The Renewable Energy Snapshots 2010 study by the European Commission’s Joint Research Centre (JRC) reports that with regards to the new capacity constructed in 2009, (27.5 GW), among the renewable sources, wind power accounted for 10.2 GW out of the 27.5 GW built, which represents 38 percent of the total. “For the second year in a row, wind energy is the leading electricity generation technology in Europe and the renewable share of new power installations was 62% in 2009,” said the study.
The European Commission will consider establishing new initiatives on smart grids after hearing the initial findings of a task force organized in November 2009 mandated to develop recommendations for the EU executive. The areas to be covered include smart grid functionality and the need for standards, regulation on data safety and developing intelligent grids. The task force is due to report its first findings in June.