Considering market dynamics, the FOAK, large-scale e-SAF production plants need to reach FID in the next years to allow for the necessary ramp-up of production capacities in the 2030s and 2040s and to achieve the required scale for 2050. [...] 2030 onwards, EUR 3–5 bn will be required annually to cover the premium of e-SAF, to meet the European To reach the mandated volumes of around 600 ktpa e-SAF mandates (with 90% of the premium from EU of e-SAF in the EU and 60 ktpa in the UK by 2030, demand and 10% from the UK). [...] To fill that gap, the EU Innovation Fund could be leveraged to The most powerful tool for national governments effectively bridge part of the current cost premium to provide complementary support to domestic of e-SAF (vs fossil jet fuel), covering 60% of the NPV production would be the funding of a H2Global- differential to bankability. [...] However, the range of EUR 400-600mn to close the gap to the US is not necessarily describing what public funding is required in the EU, given a different regulatory environment (with ReFuelEU Aviation and SAF Allowances in the EU, and the SAF mandate and the revenue certainty mechanism in the UK). [...] However, the range of EUR 400-600mn to close the gap to the US is not necessarily describing what public funding is required in the EU, given a different regulatory environment (with ReFuelEU Aviation and SAF Allowances in the EU, and the SAF mandate and the revenue certainty mechanism in the UK).
Related Organizations
- Pages
- 60
- Published in
- United Kingdom
Table of Contents
- Project SkyPower 2
- Our vision 2
- Our mission 2
- Organisations supporting this report 3
- Disclaimers 3
- Foreword 4
- Executive Summary 5
- The opportunity 6
- The challenge 7
- Building the investment case 7
- Critical actions to achieve 2030 targets 8
- Insights report 9
- Contents 10
- E-SAF in Europe: today and the aspiration for the future 11
- 1.1 The role of e-SAF in reducing emissions from aviation 12
- 1.2 Europe’s e-SAF ambitions 13
- _Hlk177994895 27
- 1.3 Progress to date against 2030 e-SAF mandate 16
- Baseline techno-economics of e-SAF projects 18
- Building the e-SAF investment case in Europe 24
- 3.1 The scale of the challenge 25
- 3.2 Key levers to unlock FID 26
- 3.3 Required solution sets in selected countries 41
- Critical actions to achieve 2030 e-SAF targets 45
- The 10-point action plan 46
- Outlook 50
- Annex 52
- Country selection process 53
- Deep dives on national public support instruments 54
- Key prerequisites for Final Investment Decision 57
- Endnotes 59
