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

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 179,927.67
388.10M
-0.26%
-465.30
ALLSHR 108,167.65
846.56M
0.00%
2.85
KSE30 53,685.99
182.04M
-0.44%
-235.43
KMI30 256,405.16
183.36M
-0.19%
-495.30
KMIALLSHR 70,071.39
538.92M
0.17%
121.96
BKTi 49,369.12
39.98M
-1.09%
-545.58
OGTi 36,692.95
14.07M
1.02%
370.02
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 65,335.00 66,160.00
65,245.00
-365.00
-0.56%
BRENT CRUDE 79.00 79.57
77.75
0.04
0.05%
RICHARDS BAY COAL MONTHLY 123.00 0.00
0.00
7.50
6.49%
ROTTERDAM COAL MONTHLY 125.50 125.50
125.00
-0.45
-0.36%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 75.36 76.06
74.09
0.09
0.12%
SUGAR #11 WORLD 14.30 14.33
14.22
-0.01
-0.07%

Chart of the Day


Latest News
June 17, 2026 at 12:57 PM GMT+05:00

Pakistan's power sector attracts highest net FDI in May


June 17, 2026 at 12:38 PM GMT+05:00

Pakistan imports from China clocks in at $1.7bn


June 17, 2026 at 12:11 PM GMT+05:00

SECP reviews CDC digital, cybersecurity upgrades



Top 5 things to watch in this week

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