What is Luxembourg doing to ensure a secure supply of electricity?

The IEA report notes that Luxembourg is undertaking actions on several fronts to ensure a secure supply of electricity. The country is aiming to increase domestic electricity generation to cover one-third of national demand by 2030, mostly from solar PV and wind.

Does Luxembourg need a new electricity infrastructure?

Luxembourg aims to cover over a third of 2030 electricity demand with renewables, mostly through variable renewable energy (VRE) from PV and wind generation. The share of VRE generation in imported electricity is also expected to increase significantly. Taken together, these factors will require substantial investment in electricity infrastructure.

Is Luxembourg a good place to invest in energy?

This is especially true for the transport sector, which in 2017 accounted for 54% of energy demand and 65% of non-ETS GHG emissions. 1 Luxembourg’s low cost of energy and the high purchasing power of its consumers are also a barrier, as they limit interest to invest in renewables and energy efficiency.

What is a necp & how will it impact Luxembourg?

The draft NECP contains a 2030 renewable energy target of 23-25% of gross final consumption and a 2030 energy efficiency target of not surpassing 35.6 TWh of final energy consumption. Luxembourg must submit a finalised NECP to the European Commission by the end of 2019.

Why does Luxembourg need more electricity?

Luxembourg expects its electricity demand to rise as a result of a growing population and economy and the increasing electrification of the transport and heat sectors. The IEA report notes that Luxembourg is undertaking actions on several fronts to ensure a secure supply of electricity.