Story

Total net electricity generation in the EU was 2 780 TWh in 2019.

Climate change is the biggest challenge of our times. And it is an opportunity to build a new economic model.

Becoming the world’s first climate-neutral continent by 2050 is the objective behind the European Green Deal (COM(2019) 640 final), the very ambitious package of measures that should enable European citizens and businesses to benefit from sustainable green transition.

The use of renewable energy has many potential benefits, including a reduction in greenhouse gas emissions, the diversification of energy supplies and a reduced dependency on fossil fuel markets (in particular, oil and gas). The growth of renewable energy sources may also stimulate employment in the EU, through the creation of jobs in new ‘green’ technologies.

The European Green Deal is also our lifeline out of the COVID-19 pandemic. One third of the 1.8 trillion euro investments from the NextGenerationEU Recovery Plan, and the EU’s seven-year budget will finance the European Green Deal.

The European Commission adopted a set of proposals to make the EU’s climate, energy, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. More information on Delivering the European Green Deal.

This an ambitious project to create as much energy as the EU needs from renewable generation, that is approximately 2,000 extra TWh of renewable energy.

The benefits over existing solar solutions are:

• • 5 x cheaper – so, the same power generation at 20% of the cost.
  • 5 x more efficient – so, less land is required to produce the same power.
  • 10 x quicker deployment – much faster to commission; and can produce power within weeks of the project start.
  • 24hr power generation – power can be generated when required.

Investing in this project early will provide added benefits and a long term increasing income making a good return on investment.