Objective
The ADMIRE-REBUS project aims at reducing barriers to further development of renewable electricity production in the EU, particularly:
1) Uncertainty on the side of potential investors on the size and value of the EU green electricity market in the coming decade;
2) Lack of full knowledge on the major low-cost renewable electricity production locations in the EU.
This is attained by two means. First, by disseminating information and insights relevant for potential investors, which have been gained during recent EC-supported projects on renewable electricity against the background of the liberalising internal electricity market. Second, by developing and disseminating new insights in these matters.
Dissemination activities concentrate on two rounds of country workshops. These workshops will be organised in five EU Member States, with the major stakeholders as target audience (large as well as small renewable energy investors).
The analyses carried out in this project will be based on an adapted version of the REBUS model (Renewable Electricity BUrden Sharing), developed during earlier EC-sponsored projects. Based on renewable electricity cost potential curves for each EU Member State, the REBUS model quantifies developments and effects of an 'ideal green electricity market' in 2010. Results include the indicative green certificate price, the location of the most cost-efficient generation sites, and the type (and cost) of technologies deployed.
The model adaptations include:
- Introduction of intermediate target years;
- Representing current and expected renewable electricity policies of all Member States;
- Incorporating transaction costs in the green electricity market;
- Elaborating on time constraints on deployment growth due to planning procedures and industry growth limits;
- Including differentiated investor return on capital requirements related to risk and uncertainty issues.
The adapted model will be a powerful flexible tool for quantitative analyses of the EU renewable electricity market. These analyses will be aimed at reducing the uncertainty about green certificate prices to be expected in the European market and the major technologies and locations that will be deployed. The project results will therefore provide useful guidelines to potential investors on investment opportunities and effects of policies on the green electricity market.
Fields of science (EuroSciVoc)
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
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Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
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Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
1755ZG Petten
Netherlands
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.