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European renewables generation to exceed 6,000 TWh

Oil&Gas Materials 18 October 2021 15:58 (UTC +04:00)
European renewables generation to exceed 6,000 TWh

BAKU, Azerbaijan, Oct.18

By Leman Zeynalova – Trend:

European renewables generation is expected to exceed 6,000 TWh by 2050, Trend reports referring to the International Energy Agency (IEA).

The table below shows the expected renewables generation in Europe in 2030 and 2050 in three different scenarios (TWh):

Stated Policies

Announced Pledges

Sustainable Development

2030

2050

2030

2050

2030

2050

Solar PV generation

504

714

583

903

601

1017

Wind generation

1148

1945

1401

3317

1475

3659

Renewable generation

2743

4068

3130

5737

3260

6247

In 2020, even while economies bent under the weight of Covid-19 lockdowns, renewable sources of energy such as wind and solar PV continued to grow rapidly, and electric vehicles set new sales records. The new energy economy will be more electrified, efficient, interconnected and clean. Its emergence is the product of a virtuous circle of policy action and technology innovation, and its momentum is now sustained by lower costs. In most markets, solar PV or wind now represents the cheapest available source of new electricity generation. Clean energy technology is becoming a major new area for investment and employment – and a dynamic arena for international collaboration and competition.

At the moment, however, every data point showing the speed of change in energy can be countered by another showing the stubbornness of the status quo. The rapid but uneven economic recovery from last year’s Covid-induced recession is putting major strains on parts of today’s energy system, sparking sharp price rises in natural gas, coal and electricity markets. For all the advances being made by renewables and electric mobility, 2021 is seeing a large rebound in coal and oil use.

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Follow the author on Twitter: @Lyaman_Zeyn

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