The EU has saved €12 billion gas costs thanks to the accelerated solar and wind growth since the Russia's invasion of Ukraine in 2022, according to an analysis from climate and energy think tank Ember.
Despite “breakthrough” renewables growth across Southeast and Eastern Europe, the Caucasus and Central Asia in recent years, more needs to be done to boost deployment and reduce the region’s reliance on Russian energy imports.
European Union (EU) member states are planning a surge in renewables to replace fossil-fired generation as COVID-19, soaring gas prices and Russia’s war in Ukraine put pressure on countries to move towards cleaner and cheaper sources of power.
A decision by Russia’s Gazprom to stop supplying gas to Ørsted illustrates the need for the European Union (EU) to speed up renewables deployment, the CEO of the Danish energy company has said.
The European Commission will next week set out plans to more than double the continent’s installed solar capacity by 2028, according to a draft of the bloc’s REPowerEU plan seen by PV Tech.
