The report discusses the growth and future of the European power sector, focusing on investments in renewable energy and the transition to a low-carbon system by 2050.

(Generated with the help of GPT-4)

The research method includes Deloitte's scenario-based modeling approach, qualitative anticipation of future power system scenarios, and quantitative assessments using the Deloitte European Electricity Model (DEEM). The study also incorporates expert curation and analysis of economic, policy, technological, social, and environmental trends.

(Generated with the help of GPT-4)

The report examines the European Union's goal for climate neutrality by 2050, requiring massive investments in renewable energy and grid reinforcement. It explores the shift in utilities' strategies from asset-light to long-term investments due to climate targets. Deloitte's scenario-based modeling approach is used to analyze future low-carbon power systems, challenges, and risks for utilities, and suggests reviving asset-intensive models. The report also discusses the strategic choices for market participants and the impact of various future scenarios on the power system.

(Generated with the help of GPT-4)

Categories: 2050 time horizon | 2050s time horizon | English publication language | Europe geographic scope | carbon | climate change | climate neutrality | decarbonization | energy | energy transition | european union geographic scope | fossil fuels | grid reinforcement | investment modeling | market dynamics | power system challenges | renewable energy | scenario analysis | sustainability | utility strategies