CSM IS FIT FOR 55

“Fit for 55” is a package of legislative proposals that aim to put the EU on track to achieve its goal of reducing greenhouse gas emissions by 55% by 2030, compared to 1990 levels.

" Change Energy Today"

The main elements of the package include:

Strengthening the EU Emissions Trading System (ETS) by lowering the emissions cap and increasing the price of carbon allowances.
Introducing a Carbon Border Adjustment Mechanism (CBAM) to prevent carbon leakage and ensure a level playing field for EU industries.
Increasing the share of renewable energy in the EU’s energy mix, including a target of installing at least 300 GW of wind and solar power capacity by 2030.
Improving energy efficiency in buildings, with a target of reducing building emissions by 60% by 2030.
Our investment of EUR 250 Million will contribute to our 125MW installation target. We act on energy transition.

CSM Anticipates counterforces in the energy market

Limited grid capacity

The rapid growth of solar energy in some regions has outpaced the capacity of the electricity grid to absorb it. This has resulted in curtailment of solar energy in some areas, which can be costly for solar energy producers. The European Network of Transmission System Operators for Electricity estimates that curtailment of wind and solar energy in the EU cost €3.3 billion in 2019.

Regulatory barriers

Some EU member states have imposed regulatory barriers to the deployment of solar energy, such as restrictive permitting processes and limitations on the size of solar installations. This can increase the cost and complexity of deploying solar energy in these countries.

Competition from other renewable energy sources

While solar energy has experienced rapid growth in recent years, it faces competition from other renewable energy sources, such as wind and hydropower. The IRENA estimates that the LCOE for onshore wind power in the EU fell by 63% between 2010 and 2020, making it increasingly competitive with solar energy.