Wednesday, 17 June 2015

Is the European Renewable Energy Bubble About To Burst? | Energy Matters

Is the European Renewable Energy Bubble About To Burst? | Energy Matters


Well, is it? You would certainly never think so from Figure 1, which shows renewables generation in the EU28 more than doubling between 2003 and 2014 and continuing to grow at a healthy clip (note that except for Figure 3 all the data used in this post are from the BP 2015 Statistical Review):

Figure 1:  Annual EU28 generation from renewables, 1985-2014
Nor from Figure 2, which shows the EU28 on track to meet its target of obtaining 27% of its energy from renewables by 2030 with room to spare:

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