Solar, wind compensate for decline of hydro, nuclear in EU electricity output – Commercial

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A brand new examine by E3G and Ember exhibits that photo voltaic and wind produced nearly one-quarter of the European Union’s electrical energy between March and September 2022, up from 21% final 12 months. Since Russia invaded Ukraine, the 2 era sources have reportedly grown to a report 39 TWh, up 13% 12 months on 12 months.

The examine exhibits that the rise in photo voltaic and wind throughout this era helped to mitigate the impacts of drought throughout Europe, amid a 21% decline in hydropower era and a 19% discount of nuclear capability.

“The report enhance in wind and photo voltaic in comparison with final 12 months averted the necessity for 8 billion cubic meters of further fossil fuel at a value of €11 billion ($10.8 billion),” the businesses mentioned.

The determine was calculated primarily based on the typical EU benchmark TTF day-ahead fuel worth for March to September 2022. The examine assumed that photo voltaic and wind energy changed costly fuel within the electrical energy combine.

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The European Fee’s REPowerEU plan has the potential to considerably scale back Europe’s publicity to pricey fuel imports, in accordance with the report.

“With tight LNG markets sustaining excessive fuel prices for the subsequent years, governments must help the clear power ambition of RePowerEU, making it a core factor of the power worth disaster response,” mentioned Artur Patuleia, senior affiliate at E3G.

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