EU ramping up solar, wind to meet 2030 renewables target
Photo by Alberto Masnovo/Shutterstock
The EU's renewables capacity is set to soar in the coming years. Data shows the bloc's pipeline of solar and wind is 1.2 times greater than existing capacity.
Energy Monitor looked at all existing solar and wind plants in the 27 EU states recorded in GlobalData's power plants database. These were compared with the plants that are either planned or under construction.
The results reveal that Spain has the largest renewables pipeline if solar (51,000 MW) and wind (29,000 MW) capacity are added together, followed by Greece (24,000 MW solar and 15,000 MW wind) and Germany (3,000 MW solar and 35,000 MW wind). This huge pipeline of projects puts countries in good stead to meet the EU's target of having 40% renewables in its overall final energy mix by 2030, which was revised up from 32% as a part of the EU's 'Fit for 55' policy package.
Data from Eurostat shows that in 2019 renewable energy represented 19.7% of final energy consumed, just 0.3% short of the 2020 target of 20%.
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