EU solar power reduces reliance on €30 billion in gas imports
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Across Europe, increased solar power generation displaced €30 billion in gas imports this year, according to estimates from Ember and SolarPower Europe.
The reduction in gas dependence occurred as fossil fuel prices rose due to conflict in the Middle East and record-breaking heatwaves decreased the efficiency of thermal and nuclear power plants. Solar output increased by 17% during June and July, with notable rises in Italy (28%), Hungary (23%), France (14%) and Spain (13%).
This boost in solar power helped meet increased energy demand during the heatwaves, as solar generation coincided with higher demand for air conditioning. SolarPower Europe estimates that savings from reduced gas imports could reach €67.5 billion this year and €170 billion between 2026 and 2030. The organization recommends accelerating solar deployment, reaching 70 gigawatts of installed capacity in 2026, to avoid an additional €719 million in gas imports.
They also suggest pairing solar with energy storage solutions like batteries and hydro power, shifting electricity usage to times of peak solar generation, and utilizing fixed-price solar power purchase agreements to further insulate consumers from price volatility. Walburga Hemetsberger, chief executive of SolarPower Europe, stated that dependence on fossil fuels is a “risky energy strategy.”
