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Mayberry Investments Limited is a cashless institution.
Please note that cash deposits into any Mayberry account held at commercial banks, whether made in-branch or via Automated Banking Machines (ABMs), are not accepted and will not be processed. For information on accepted payment methods, please contact your Investment Advisor.

Renewable energy in the EU: Share of renewables in energy consumption in the EU reached 17% in 2016

January 25, 2018

The statistical office of Europe (Eurostat) on 25 Jan 2018 has reported that eleven member state has already achieved their 20/20 target, regarding the  portion of their energy consumption that derives from renewables. For 2016, the portion of energy consumption that was sourced from renewable alternative reached 17% of gross final consumption in the European Union (EU).  This represent a 100% increase from 2004s (8.5%). The EU’s target is to obtain 20% of energy in gross final consumption of energy from renewable sources by 20/20 and at least 27% by 2030. Each individual country has their own target.

The share of renewable sources in gross final consumption of energy grew significantly in all Member States compared with 2015. A breakdown of the figures by country reveals that Sweden had by far the highest share in 2016 (53.8%), ahead of Finland (38.7%), Latvia (37.2%), Austria (33.5%) and Denmark (32.2%). At the other end of the spectrum, the lowest proportions of renewables were registered in Luxembourg (5.4%), Malta and the Netherlands (both 6.0%).

The chart below shows member states and the portion of their energy consumption that comes from renewable.

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