The European Union (EU) has saved €12 billion in avoided gas costs since Russia invaded Ukraine one year ago, thanks to the growth of wind and solar power. According to a new analysis from energy think tank Ember, EU wind and solar grew by 50 TWh (+10%) since the start of the war, generating 23% of EU electricity in that period (546 TWh). This increase in wind and solar alone reduced the amount of gas required for electricity generation by 90 TWh (9 bcm) and avoided gas costs of €12 billion ($12.78 billion).
The report’s executive summary states that “2023 will be quite the opposite”: Hydro generation will rebound, French nuclear units will return, wind and solar deployment will accelerate, and electricity demand will likely continue to fall over the coming months. In 2023, Europe is set to witness a huge fall in fossil fuels – of coal power, yes, but especially gas power.
Sarah Brown, senior analyst at Ember, said: “Russia’s invasion of Ukraine shocked Europe into action. Suddenly, gaping vulnerabilities due to fossil fuel dependence became a stark reality. The last year has been a scramble to address these risks through an accelerated transition to a cleaner, more secure power system. At the year marker of Russia’s devastating war in Ukraine, it remains critical that the EU rapidly expands solar and wind to attain permanent energy independence.”
To ensure a secure and sustainable energy future for the EU, it is essential that the region continues to invest in renewable energy sources such as wind and solar. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price matching, so it’s important to shop for the best quotes. Click here to learn more and get your quotes.
FAQ
Q1. When will electric cars be available in the UK?
A1. Electric cars are already available in the UK and can be purchased from a variety of dealerships.
Q2. Where can I find electric car charging stations near me?
A2. You can find electric car charging stations near you by using online maps or apps such as PlugShare or ChargePoint.
Q3. Which electric car is the best?
A3. The best electric car depends on your individual needs and preferences. Some popular models include the Tesla Model 3, Nissan Leaf, and Chevrolet Bolt EV.
