ENTSOG TYNDP 2015

3.1 Introduction

In TYNDP 2013, ENTSOG introduced its first analysis of barriers to investment. In this edition, ENTSOG is combining the views of all TSOs and other project promoters regarding barriers to investment. This will help to better understand the continuous decrease of FID projects since TYNDP 201 1 .

3.2 Overall impact of energy policies

The energy mix of each Member State is driven by its unique circumstances, and is influenced by European regulation policies (such as the EU Emission Trading System) and global factors (e. g. current low coal and CO ² prices). As a result, there is currently no clear political vision on how to deliver the CO ² reduction targets while ensuring both energy security and affordability, as illustrated by the increasing share of polluting coal-fired generation. The lack of a clear political vision is endangering the required development and refurbishment of flexible power generation including gas-fired generation, alongside the development of renewable energy sources, to ensure electricity security of supply. In that respect the market needs to meet the long term political targets in the most efficient way and this will require an appropri- ate framework.

3.3 Project promoter

perspective policies

In addition to the aforementioned impact of energy policies, project promoters are facing various challenges in the completion of their projects. As part of the TYNDP 2015 infrastructure project data collection process, ENTSOG has gathered information on perceived investment barriers. Out of the 88 promoters having submitted projects, 61 have indicated at least one barrier for 134 projects. Investment barriers have been grouped as indicated in the next table (with sub- groups where proposed):

Ten Year Network Development Plan 2015 |

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