Solar power surpasses coal in EU for first time in 2024

News Image

MG News | January 23, 2025 at 02:40 PM GMT+05:00

0:00

January 23, 2025 (MLN): Solar power overtook coal in European Union electricity production for the first time in 2024, with the share of renewables rising to almost half the bloc's power sector, according to a report released Thursday.

 Gas generation, meanwhile, declined for the fifth year in a row and fossil-fuelled power generation dipped to a "historic low", the climate think tank Ember said in its European Electricity Review 2025.

 "The European Green Deal has delivered a deep and rapid transformation of the EU power sector," the think tank said.

 Solar remained the EU's fastest-growing power source in 2024, rising above coal for the first time.

Wind power remained the EU's second-largest power source, above gas and below nuclear, they added.

Overall, strong growth in solar and wind have boosted the share of renewables to 47 percent, up from 34% in 2019, as APP reported.

Fossil fuels fell from 39% to 29%.

These trends are widespread across Europe, Ember said. Solar power is progressing in all EU countries, and more than half have now either eliminated coal, the most polluting fossil fuel, or reduced its share to less than 5% of their energy mix.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 148,617.78
624.60M
0.86%
1274.27
ALLSHR 91,685.08
1,340.28M
0.74%
669.39
KSE30 45,247.79
197.43M
0.83%
370.74
KMI30 212,370.79
224.51M
1.05%
2209.48
KMIALLSHR 61,227.89
711.87M
1.18%
715.56
BKTi 41,264.02
160.39M
0.54%
221.73
OGTi 30,019.10
23.63M
0.64%
190.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 0.00
0.00
-510.00
-0.47%
BRENT CRUDE 67.46 67.94
67.29
-0.52
-0.76%
RICHARDS BAY COAL MONTHLY 88.70 88.70
88.70
-0.75
-0.84%
ROTTERDAM COAL MONTHLY 96.15 96.75
96.00
-0.40
-0.41%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.01 0.00
0.00
0.00
0.00%
SUGAR #11 WORLD 16.34 16.52
16.33
-0.14
-0.85%

Chart of the Day


Latest News
August 31, 2025 at 07:00 PM GMT+05:00

Weekly Market Roundup


August 30, 2025 at 04:28 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


August 29, 2025 at 06:04 PM GMT+05:00

SCRA inflows offset Rs8.5bn net selling



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg