Solar is expected to see sharp growth in Europe
War drives ‘small acceleration’ in Europe’s transition
Share of renewables in Europe’s energy mix rises as the continent turns away from Russian gas imports, DNV modelling shows
The war in Ukraine will cause a “small acceleration” in the energy transition in Europe as the region turns to renewables to help offset falling Russian gas imports, according to risk management firm DNV. DNV’s new modelling shows the share of non-fossil energy sources in Europe’s energy mix rising to 34pc in 2024, up by 2pc compared with the firm’s modelling from before the Russian invasion. Among renewable power sources, solar will see the sharpest acceleration, with a 20pc rise in its share of the energy mix by 2026 compared with pre-war modelling. DNV also forecasts a 25pc rise in the use of green hydrogen compared with pre-war projections, although it says the volumes will remain modest
Also in this section
4 October 2024
Boost for CCUS and blue hydrogen projects as government confirms funding for HyNet and East Coast clusters
30 September 2024
The oft-fragmented and disparate sector must find ways to speak with a collective voice and debunk the anti-CCS doublethink
26 September 2024
Norway claims world lead in commercial CO₂ transport and storage as project developed by TotalEnergies, Shell and Equinor stands ready to start injections in 2025
26 September 2024
Developer cites growing competition for clean power as it puts project in Wyoming on hold
