As PE investment in European renewable energy starts to cool after a record year in 2022, the sector has managed to attract €13.3 billion (about $14.8 billion) across 121 deals so far this year. Last year, the industry saw €37.5 billion of PE investment across 269 deals as Europe grappled with the effects of Russia''s invasion of Ukraine
READ MOREIn short, EU dependence on Russian gas fell from 45% in 2021, to only 15% in 2023. This has been achieved in no small part thanks to the European Commission''s decisive REPowerEU plan, launched in May 2022, in direct response to Russia''s callous actions. It aims to bolster Europe''s energy security by saving energy, accelerating the
READ MOREAccording to the pathways described in the NREAPs, 33.9% of the electricity consumed in the EU will be produced from renewable energy sources in 2020, with a range from 5% in Estonia to 71% in Austria. As discussed above, strengthening of financial support for RES-E is an important factor in achieving these targets. 1.1.
READ MOREThe European Green Deal focuses on 3 key principles for the clean energy transition, which will help reduce greenhouse gas emissions and enhance the quality of life of our citizens: ensuring a secure and
READ MOREMembers of the European Parliament today gave a resounding vote in favour of renewables in Europe. MEPs called for a renewable energy target of 35% for 2030 – rather than the 27% which the European Commission proposed in 2016. Giles Dickson, WindEurope CEO, said: "Good on the Parliament. 35% makes sense
READ MOREThe expert group met five times in 2023 to develop proposals on how to achieve a 100% renewable energy-based EU economy. In the 100% Renewable
READ MOREBioenergy continues to be the main source of renewable energy in the EU, with a share of 58.1% in 2020. Wind power follows with 14.3%, hydropower with 12.4%, solar energy
READ MOREThe European Union wants wind energy to be 50% of its electricity by 2050. This means expanding onshore wind from 173 GW today to 1,000 GW and offshore wind from 16 GW to 300 GW. The Commission suggests that another 30 GW of wind energy, on top of the 450 GW that its decarbonisation scenarios foresee, could be
READ MOREOffshore wind energy capacity in Europe is projected to increase 17-fold between 2010 and 2020, while newer renewable technologies such as concentrated solar power and wave/tidal power will also increase more than 11-fold according to projections. European countries are also expected to significantly boost solar photovoltaic power,
READ MOREThe share of energy from renewable sources used for transport in the EU increased from under 2% in 2005 to 8.7% in 2022, according to preliminary European Environment Agency (EEA) data. This is 5.3 percentage
READ MOREThe EU''s energy system can be made carbon neutral by 2050 by ensuring a secure and affordable EU energy supply and prioritising efficiency and renewable energies. Find out more! The production and use of energy
READ MOREThis has more than doubled since 2004. The EU''s previous 32% target for 2030 was updated in September 2023, when Parliament approved a new target of 42.5% of renewable energy sources by 2030. EU countries are urged to strive for a 45% share. In 2022, the share of renewable sources in EU energy consumption reached 23.0%, up
READ MOREThis viewer outlines progress in the use of renewable energy sources in the EU and at country level, as well as per energy market sector and technology
READ MOREThe outlook for renewable energy development in Europe is promising, driven by favorable government policies, advances in renewable energy technology,
READ MOREParliament on Tuesday voted to boost the deployment of renewable energy, in line with the Green Deal and REPowerEU plans. The update of the Renewable Energy Directive (RED), already agreed upon between MEPs and Council, raises the share of renewables in the EU''s final energy consumption to 42.5% by 2030. Member states
READ MORERenewable energy will play a fundamental role in achieving the EU''s energy and climate objectives. Not only is it abundantly available within the EU, but it is also cost-competitive with fossil fuels. As
READ MOREThe Commission presented Europe''s new 2030 climate targets, including a proposal for amending the Renewable Energy Directive, on 14 July 2021. It sought to increase the 32% target to at least 40% renewable energy
READ MORERenewable energy in Europe. Published 29 Aug 2023. 1 min read. Data and maps. Datasets. External datasets catalogue. Renewable energy in Europe. Provider: Statistical Office of the European Union (Eurostat)
READ MOREHome Publications EmployRES – the impact of renewable energy policy on economic growth and employment in the EU
READ MOREThe share of renewable energy consumed in transport in our main case does not meet the level the European Commission estimates is necessary to achieve the REPowerEU target. While the REPowerEU plan requires a 32% 3 share of renewable energy in transport by 2030, our main case models 16% by 2027, putting the European Union on track for 20%
READ MOREBy 2030, the EU aims to achieve an overall renewable share of 45 percent and has set a binding target of 42.5 percent for all member states. Regarding renewable targets in the power sector, some
READ MOREWind energy is the greatest renewable contributor to the EU''s power mix. Electricity generation from wind sources grew to 421 terawatt hours in 2022, having seen the strongest year-on-year
READ MOREThe share of energy from renewable sources used for transport in the EU increased from under 2% in 2005 to 8.7% in 2022, according to preliminary European Environment Agency (EEA) data. This is 5.3 percentage points below the 2030 target for the share of renewable energy used in transport.
READ MOREAcross the EU, the share of renewable energy in gross final energy consumption has increased over recent years from 9.6% in 2004 to 18.9% in 2018. The five EU countries with the largest share of their energy coming from renewable energy sources (based on 2018 data from Eurostat) are Sweden, Finland, Latvia, Denmark and Austria.
READ MOREThe Renewable Energy Directive (2018/2001/EU) entered into force in December 2018, as part of the Clean energy for all Europeans package, aimed at maintaining the EU''s
READ MORE4 · A decade later, renewable energy sources are coming close to equaling fossil fuels, with renewables making up 32% of the EU''s electricity generation compared to fossil fuels'' 36% in 2021. Wind has the seen the largest increase in the EU electricity generation share from 2011-2021Image: Visual Capitalist.
READ MOREIn 29 November 2022, EU energy ministers informally agreed to designate renewable energy projects as part of the "over-riding public interest" that would be valid for 18
READ MOREEuropean Commission – Department: Energy – In focus Renewable energy in Europe Brussels, 18 March 2020 Renewable energy is the collective name for energy, that is produced using the earth''s natural resources, like sunlight, wind, water resources (rivers
READ MOREThe original Renewable Energy Directive, adopted on 23 April 2009, established that 20% of the EU''s gross final energy consumption and 10% of each EU country''s transport energy consumption must come from renewable energy sources by 2020. The directive set and confirmed mandatory national targets consistent with the EU''s overall goal.
READ MOREIn 2022, renewable energy sources made up 41.2 % of gross electricity consumption in the EU, almost 4 percentage points higher than the previous year (37.5 % in 2021). Wind and
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