Mouser Left Banner
Mouser Left Banner
Mouser Left Banner
Mouser Right Banner
Mouser Right Banner
Mouser Right Banner
More

    Renewable energy ‘will supply 53% of Europe’s power by 2030’

    That’s the forecast from Wood Mackenzie, which suggests most countries across the region are on track to deliver on their individual National Energy and Climate Plans, allowing wind and solar technologies to see continued growth.

    It notes annual power supply from wind and solar will likely exceed production from coal in Europe across 2019, with higher emissions costs, competitive gas and phaseout policies negatively impacting the fossil fuel’s remaining hold on the market.

    The firm says while nuclear remains the region’s single-largest source of power, it will also decline as older reactors are retired and “very little new build is seen”.

    It expects gas’ contribution will rise as coal and nuclear generation fall, surpassing production from nuclear in the early to mid-2020s.

    Wood Mackenzie believes by this time, wind and solar will rival gas, with wind alone producing more electricity than gas by late in the decade.

    Looking further ahead, the report predicts renewables could account for 60% of the market by 2040 but stresses governments, regulators and investors must continue to work hard toward climate-energy goals if this is to be realized.

    ELE Times Research Desk
    ELE Times Research Deskhttps://www.eletimes.com
    ELE Times provides a comprehensive global coverage of Electronics, Technology and the Market. In addition to providing in depth articles, ELE Times attracts the industry’s largest, qualified and highly engaged audiences, who appreciate our timely, relevant content and popular formats. ELE Times helps you build awareness, drive traffic, communicate your offerings to right audience, generate leads and sell your products better.

    Technology Articles

    Popular Posts

    Latest News

    Must Read

    ELE Times Top 10