Renewables reach 23% of European Union energy consumption after ‘paradigm shift’

Facebook
Twitter
LinkedIn
Reddit
Email
EU’s renewable energy share expected to reach 33.7% by 2030. Image: Ignitis Group.

The EU is on track to achieve between 22.8% to 23.1% renewables in gross final energy consumption in 2020 as the continent experiences a “clear paradigm shift” towards solar and wind.

That’s according to the European Commission (EC), which this week released a series of reports detailing the bloc’s progress towards its goal of becoming the first carbon-neutral continent by 2050.

The EC notes that the projected share of renewables has increased due to the impact of COVID-19 on energy demand, but these may not be sustained once economic activity is fully recovered.

While many individual EU member states are expected to outperform their climate targets, five are said to be at risk of not meeting objectives: Belgium, France, Poland, the Netherlands and Luxembourg.

Looking towards 2030, the EU’s renewable energy share is expected to be as high as 33.7%, with green energy use forecasted to accelerate in the latter half of the decade.

“It is very positive to witness the progress that Europe has made, and will continue making, in reaching its energy and climate goals,” said Walburga Hemetsberger, CEO of SolarPower Europe. “Solar has seen the largest cost reductions of any renewable technology, major efficiency gains and innovations, such as floating solar and agri-PV.

Driven by capital costs reductions, advances in efficiency and competitive tendering for support schemes, solar and wind’s cumulative capacity in the EU reached 261GW as of 2018.

In the context of the COVID-19 recovery, the EC says Europe faces a “unique opportunity” for investments that can support economic growth while accelerating the green transition. “Relaunching our economies on any other path, which would result in lock-in into unsustainable practices, is simply not an option,” the report says.

PV manufacturing potential

Given the projected expansion of PV capacity across the EU and globally, Europe should have a “sizeable role” in the value chain and explore the growth of solar manufacturing, the EC said.

While EU companies are competitive mainly in the downstream part of the value chain – such balance of system – the bloc has “fallen back dramatically” in the manufacture of PV cells and modules, the report says, adding that the EU accounts for just 12.8% of the global production value of PV panels.

According to the EC, research institutes, a skilled labour force and emerging industry players provide a basis for re-establishing a strong European photovoltaic supply chain with a global outreach. A sizeable EU PV manufacturing industry “would also reduce the risk of supply disruptions and quality risks”, the report says.

Similar proposals were put forward earlier this week by consulting firm Capgemini Group, which is calling for the EU to ramp-up bifacial module production to help the continent reach zero.

Read Next

August 9, 2022
Chicago has entered into an agreement with Constellation for the purchase of renewable energy to supply its facilities by 2025.
August 3, 2022
Last week, the Australian federal government proposed legislation that will lock-in Australia’s commitment to achieve net zero by 2050 as well as providing greater oversight and accountability over progress on climate change in a sharp departure from the previous administration.
July 27, 2022
European countries need to double the pace of solar PV installations if the continent is to keep pace with its climate commitments, new research from Ember has revealed.
July 21, 2022
Solar module manufacturer Seraphim Energy Group has agreed to supply 1GW of PV modules to European energy company Resolar for it EU operations.
July 21, 2022
Nearly 40GW of solar PV will be rolled out across Europe by the end of the year, according to SolarPower Europe (SPE), as the continent scrambles to deploy renewables and wean itself off Russian gas.
PV Tech Premium
July 20, 2022
Following the implementation of the US’ Uyghur Forced Labor Prevention Act (UFLPA) on 21 June, the EU has come under increasing pressure to enact similar measures, with upcoming legislation potentially holding big implications for the region’s solar sector.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event