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 165,634.85
358.20M
3.14%
5043.51
ALLSHR 98,685.95
821.24M
2.83%
2713.21
KSE30 49,987.10
219.75M
3.14%
1522.98
KMI30 239,687.25
160.14M
3.17%
7355.26
KMIALLSHR 64,603.89
370.14M
2.96%
1857.73
BKTi 45,444.60
99.83M
2.84%
1252.93
OGTi 33,963.91
7.72M
1.91%
636.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 74,425.00 74,900.00
74,015.00
25.00
0.03%
BRENT CRUDE 95.12 95.14
93.93
0.33
0.35%
RICHARDS BAY COAL MONTHLY 105.00 0.00
0.00
0.40
0.38%
ROTTERDAM COAL MONTHLY 105.90 105.90
105.90
0.40
0.38%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 91.13 92.38
86.96
-0.15
-0.16%
SUGAR #11 WORLD 13.93 13.95
13.56
0.25
1.83%

Chart of the Day


Latest News
April 15, 2026 at 07:36 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


April 15, 2026 at 12:54 AM GMT+05:00

FinMin briefs US investors on IMF progress, reforms


April 15, 2026 at 12:40 AM GMT+05:00

Aurangzeb warns of global strain from Middle East tension


April 15, 2026 at 12:06 AM GMT+05:00

Govt seeks $10bn inflows, unveils business passport idea



Top 5 things to watch in this week

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