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The Bright Future of Solar Power in Europe
Discover the promising advancements in solar power technology and adoption in Europe, paving the way for a sustainable and bright future with renewable energy sources.
The sun shines brightly on Europe’s energy sector as the European Union aims to become a global solar powerhouse with a target of 750 GW by 2030. However, challenges exist in managing the fluctuating nature of renewables, requiring a new approach to energy management.
Insights from SolarPower Europe CEO
In a special Euronews live policy event titled “Europe’s Flexibility Revolution: Taking the Next Step in the Energy Transition,” SolarPower Europe CEO Walburga Hemetsberger presented key findings from the Mission Solar 2040 report. The report outlines Europe’s progress towards decarbonisation and emphasizes the crucial role of solar power in the energy transition.
Panel Discussion Highlights
Following Hemetsberger’s presentation, a panel discussion moderated by Robert Hodgson of Euronews featured industry leaders, policymakers, and experts. The panel delved into the steps needed to ensure a smooth energy transition, focusing on the importance of flexibility and electrification in reaching Europe’s energy goals.
Scenarios for Solar Power Growth
- Solar as Usual: Limited flexibility and electrification
- Solar and Flexibility: Increased focus on battery storage and cross-border grids
- Solar, Flexibility and Electrification: Includes electrification of vehicles, heat pumps, and electrolyzers
Benefits of Flexibility and Electrification
Increasing supply and demand flexibility and meeting electrification targets could lead to significant reductions in greenhouse gas emissions and cost savings. Projections suggest annual CO2 reductions of up to 555 million tonnes by 2040 and a 33% reduction in electricity costs for consumers.
Unlocking the Flexibility Revolution
- Setting EU Targets: New targets for renewables, storage, and grids for 2030 and 2040
- Improving System Modelling: Enhancing energy system planning and funding for implementation
- Unlocking Investments: In decentralized, large-scale, and seasonal flexibility solutions
- Adopting an EU Electrification Action and Investment Plan: Setting targets for electrification
Call for Action
SolarPower Europe urges European leaders to take decisive action towards a sustainable energy future, emphasizing the need for strong leadership, ambitious targets, and strategic investments. The time for a clean energy revolution is now.
Euronews Events
Euronews Events, based in Brussels, hosts insightful events and panel discussions on European affairs. Stay informed about upcoming events by subscribing to The Policy Briefing newsletter at events@euronews.com.