World Energy Markets Observatory: Europe

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European renewable capacity surged by 42% in 2019

Europe, the long-time global leader in climate change and clean energy, achieved two out of three of its 2020 climate change goals. However, the region is unlikely to meet 2030 and 2050 goals without immediate and drastic action—a point that becomes exponentially harder to achieve as the world focuses time, attention and resources on the urgent response to COVID-19.

In this year’s World Energy Markets Observatory, we explore how Europe can balance these two competing priorities by finding synergies and opportunities between recovery plans and the ongoing climate agenda.

Regional Highlights

  • European renewable capacity surged by 42% in 2019, mainly driven by continuous solar development in Germany and accelerated commissioning in Spain.
  • Renewables will account for nearly 50% of Europe’s power generation mix by 2025.
  • EU’s share of renewables in the electricity mix topped 40% during spring 2020, highlighting Europe’s grid stability as the use of intermittent renewables grows.
  • Europe is taking more control of battery production with 6 megafactories in planning or under construction.
  • Europe has the potential to be a global leader in green hydrogen, owing to the region’s expertise in electrolysis-based chlorine production and company capabilities—however China is vying for the same position.
  • Buildings renovation is at the heart of the EU energy efficiency strategy but results and commitments remain insufficient.
  • The European Green Deal commits €100B per year over 10 years to help transform the EU’s economy for a more sustainable future.

WEMO Europe Insights In...

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Expert Perspectives

Philippe Vié, Vice President and Sector Head for Energy, Utilities and Chemicals, Capgemini

“In this year’s World Energy Markets Observatory, we see the need to take a more ambitious and concrete plan to address the dire need for climate action—and COVID may be an unlikely impetus for change. As governments pass economic stimulus bills and recovery packages, it is possible to prioritize “green” initiatives, accelerating energy transition and sustainability goals.”

Meet our experts

Philippe Vié

Philippe Vié is the Global Energy, Utilities and Chemicals Sector Leader at Capgemini, and has been in the industry for over 25 years leading transformation projects globally.

James Forrest

As a global leader in our Energy and Utilities business, I help my clients with major business transformations involving smart grid, IOT, the reform of gas and electricity markets, major software and infrastructure changes and use of machine learning and artificial intelligence to drive significant business performance improvement.