伯恩斯坦公用事业日报- 5月29日

www.bernsteinresearch.com •Engie suspends 1.5GW of renewable projects in the US (La Tribune).Engie is halting 1.5GW of onshore renewable projects inTexas, at least until end of 1H25, due to lack of visibility according to La Tribune. The article mentions uncertainty regarding IRA andpermitting. Engie is waiting for the final vote of the Senate to get clarity on the matter. If confirmed, investments could be reallocatedto Asia, Middle East, and Europe.•Belgium would face power shortage without nuclear says minister (Montel).Belgium faces a potential 1,800MW powershortfall during winter without its two remaining nuclear reactors, underscoring the "absolute need to maintain nuclear" according toEnergy Minister Mathieu Bihet. For winter 2025-2026, supply security will rely on 650MW of strategic reserves and the continuedoperation of the two reactors. Last week, Belgium's parliament repealed a 2003 law mandating a nuclear phase-out by 2023. Thepro-nuclear government, appointed in February, aims to develop 8GW of nuclear capacity. Plans to extend the lifecycle of Engie’sDoel 4 and Tihange 3 reactors (1GW each) for an additional 10 years would form part of initial discussions "this week" said PrimerMinister Bart de Wever.GERMANY•German court throws out Peruvian farmer's climate case against RWE (Reuters).A German court on Wednesday threw out aPeruvian farmer's lawsuit seeking damages from German utility RWE or allegedly putting his home at risk through climate change, asa damage-risk estimate was too small to take the case further. The court said no appeal was possible in the widely followed, decade-old case of farmer Saul Luciano Lliuya, claiming that RWE's emissions contributed to the melting of Andean glaciers and to a higherflood risk for his home. Presiding judge Rolf Meyer, at the court in the western city of Hamm, said experts' estimate of the 30-yeardamage risk to the plaintiff's house of 1% was not enough to take the case further. Had there been a larger adverse effect, a pollutercould have been made to slash emissions or pay damages, Meyer said.•RWE signs 100-MWh battery tolling agreement in Germany (Platts).RWE has signed a five-year agreement to market 50MW(100MWh) of battery storage capacity from energy flexibility provider Terralayr in Germany from 2026, it said May 28. The multi-assettolling deal represents a new approach to battery storage optimization, allowing smaller battery assets to be aggregated and marketedas a single virtual unit, potentially opening up new revenue streams for distributed energy storage resources in Germany. Under theagreement, Terralayr will receive fixed annual remuneration for providing storage capacity while maintaining technical managementof the systems. The capacity comes from several battery storage systems located in the 50Hertz control area in eastern Germany.ITALY•Italy set to bolster subsea energy infrastructure security (Montel). Italy will soon approve a new law to help improve the securityand design of subsea energy infrastructure, said parliamentary sources. Simona Petrucci, the parliament rapporteur of the bill, saidenhanced oversight of underwater activities will ensure greater safety of energy infrastructure, fewer incidents and faster repairs.“We will facilitate underwater operations, which will aid Italy in its plan to become an electricity hub in the Mediterranean throughinterconnections,” said Petrucci. The draft law has broad support by the government and opposition parties and should take effectby June. It will establish a central safety agency to monitor underwater activities in Italy’s marine areas. TSO Terna welcomed theproposed law, saying that it will benefit from improvements to the physical and digital protection of submarine infrastructure.PAN/OTHER EUROPE•EU almost on track to reach 2030 climate goal (Reuters).The EU is nearly on track to reach its main climate target for this decade,with countries' existing CO2-cutting plans set to bring the bloc within one percentage point of the goal, the European Commissionsaid on Wednesday. The EU is on course to reduce its net greenhouse gas emissions by 54% by 2030, compared with 1990 levels- just shy of its legally-binding goal of a 55% cut, the Commission said in an analysis of existing policies in the EU and its membercountries. EU climate commissioner Wopke Hoekstra said the EU would invest more in clean technologies to ensure industries canprosper from Europe's green transition.•Europe’s summer generation sufficient ‘but island systems vulnerable' (Platts).Continental Europe, the Nordics, and GreatBritain are expected to have ample power generation this summer, according to Entso-e's Summer Outlook 2025. However, islandsystems like Ireland, Malta, and Cyprus may face shortages due to limited non-market options during low renewable periods. Irelandfaces late-summer risks from planned thermal generator outages and insufficient new dispatchable generation. Malta and Cypruscould encounter issues fro