A report by European climate advocacy group Ember says that solar energy saved Europeans $29 billion this summer.
is a renewable energy advocacy group in Europe. This week, it issued a report which claims electricity from solar energy resources saved Europeans $29 billion this summer. Let’s take look at the numbers. Europe derived 12% of its electricity this summer from solar resources. That’s up from 9% last summer. Solar surpassed the share of wind and hydro in the power mix and was not far from coal’s 16%.
Without the record 99 TWh of solar generation over the past four months, the EU would have had to purchase another 20 billion cubic meters of unnatural gas, most of it from Russia. Based on the daily gas prices for May to August, this equates to avoided gas costs of €29 billion. were broken in 18 out of 27 EU countries. The largest increase in solar generation since 2018 was in Poland, which increased solar generation 26 times , followed by five-fold increases in Finland and Hungary.
The summer of 2022 is a clear indicator of the importance of solar energy in Europe’s power mix. While the recent records are clearly positive, the EU needs to make an even bigger push towards 2030, reducing permitting barriers, and increasing funding and solar deployment speeds. This is essential not only for climate targets but, perhaps most of all, for the security of the continent,“As Europe is rocked by the gas crisis, solar energy brings some much-needed relief.
A mix of cost incentives and government initiatives are responsible for the growth of solar resources. The fact that both southern and northern European countries are expanding solar shows that it is not just sunshine that matters, but also effective policy,says. The Netherlands, for instance, has seen huge solar growth — despite being at a higher latitude — because ofThere is evidence to suggest that the energy crisis in Europe is speeding up the growth of solar.
Pooty Poot has done more to make people realize that relying on others for your electricity is a lose-lose proposition. Renewables don’t rely on pipelines or tankers. They make electricity locally for local consumption. That’s a disruption of how things have been done for the past century. It has been a long time coming, but it is here now and things will never be the same.
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