⚡ “Solar PV is on a mission to support Europe to become the most secure, cleanest and most prosperous continent in the world. [But], this is only possible if we are embarking on a flexibility revolution.” - Walburga Hemetsberger, CEO, SolarPower Europe
Great article published by Euronews in collaboration with SolarPower Europe and Iberdrola! Here are the key takeaways:
📈 #Solar power in Europe has grown from 1 GW in 2004 to 269 GW in 2023. By 2030, The EU aims to reach 750 GW of installed solar generation. This ambitious target demands a massive growth in system’s flexibility and #electrification.
☀️ SolarPower Europe’s Mission Solar 2040 outlines three future scenarios. Based on the dream scenario (solar, flexibility and electrification), we could expect:
- Significant Capacity Increase: Europe could not only reach the 750GW target, but go as far as 1.2 TW of installed solar power by 2030 and surpass 2.4 TW by 2040
- Substantial CO2 Reductions: Up to 151 million tonnes of CO2 could be reduced annually by 2030 and as much as 555 million tonnes by 2040
- Cost Savings: Annual energy system cost savings are projected at €160 billion by 2040. In this scenario, electricity costs across Europe would drop by 25% by 2030 and 33% by 2040
👉 Read the full article: https://lnkd.in/gzJx_gpx
#EnergyTransition
Renewable Energy/Solar Energy Specialist
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