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SolarPower Europe: EU solar set to save additional 4.6 BCM gas in 2022

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SolarPower Europe: EU solar set to save additional 4.6 BCM gas in 2022

Photo: EC Audiovisual Services



The European Commission has proposed a regulation that sets a voluntary target to reduce gas demand by 15% between 1 August 2022 and 31 March 2023.

The Save Gas for a Safe Winter plan would also give the Commission the possibility to declare, after Member State consultation, a mandatory gas demand reduction. The move follows the Russian invasion of Ukraine, and is in response to the weaponisation of energy supply of Kremlin.

The European Commission also points to fuel-switching measures to pre-emptively save gas, including the switch to renewables and solar.

Speaking at the publication of the proposal, European Commission Vice-President Frans Timmermans said: “The role of renewables must continue to be accelerated. As the IMF has recently studied, the cost of transition to renewables is lower than continuing with fossil fuels.”

A mid-year analysis of SolarPower Europe shows that European solar is set to overshoot even our highest deployment projections for 2022, and support the shift from gas. After breaking a decade-long installation record in 2021 with 27 GW, 2022 is set to see 39 GW of new European solar capacity. 39 GW of additional solar replaces the equivalent of 4.6 BCM of gas.

“Every megawatt of energy generated by solar and renewables is fewer fossil fuels we need from Russia. European solar is rolling out as fast as possible in anticipation of a difficult winter.”, said Walburga Hemetsberger, CEO of SolarPower Europe.

 

Source: SolarPower Europe