Solar and wind save €12 billion gas costs in EU since start of Russo-Ukrainian War
The EU has saved €12 billion in gas costs thanks to the accelerated solar and wind growth since Russia’s invasion of Ukraine in 2022, according to an analysis from climate and energy think tank Ember.
Solar and wind have accounted for 23% of total EU generation since the war began. This figure overtook the share of gas power (19%) for the first time. Ember said the record solar and wind generation helped the EU “weather challenging conditions” in the power section.
Growing capacity and favourable weather conditions contributed to the surge in solar and wind adoption. Their combined generation was 546TWh, an increase of 50TWh or 10% compared to the same period in 2021-22. This amount reduced the gas required for electricity generation by 90TWh and avoided gas costs of €12 billion.
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Source: PV Tech
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