Renewable energy on the rise: 37% of EU’s electricity

January 26, 2022

According to Eurostat, in 2020, renewable energy sources made up 37% of gross electricity consumption in the EU, up from 34% in 2019.

It was observed that wind and hydropower accounted for over two-thirds of the total electricity generated from renewable sources that 36% and 33%, respectively. The remaining one-third of electricity came from solar power (14%), solid biofuels (8%) and other renewable sources (8%). Notably in 2008, accounted for 1% of the electricity consumed in the EU, however, it is the fastest-growing source.

Among the EU Member States, Eurostat reported that, “more than 70% of electricity consumed in 2020 was generated from renewable sources in Austria (78%) and Sweden (75%). The generation of electricity from renewable sources was also high and accounted for more than half of the electricity consumed in Denmark (65%), Portugal (58%), Croatia and Latvia (both 53%).” Also “At the other end of the scale, the share of electricity from renewable sources was 15% or less in Malta (10%), Hungary and Cyprus (both 12%), Luxembourg (14%) and Czechia (15%),” as per Eurostat.

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein

2022-01-26T14:39:29-05:00