image credit: Unsplash

The European market for renewable energy reaches new heights

August 29, 2019

“The renewable energy market in Europe broke two barriers in 2018; with supply of Guarantees of Origin nearly reaching 600 TWh – and demand surpassing 500 TWh,” said Tom Lindberg, Managing Director at ECOHZ, commenting on new statistics from the Association of Issuing Bodies (AIB). “The European renewable energy market with Guarantees of Origin continued to grow and seemed like a market more balanced and mature than earlier. The surplus gap in 2018 did not widen, and seems likely to diminish in the near future.”

Comparing the first half year supply and demand of Guarantees of Origin for 2019 with figures from 2018, shows supply is growing by 14 TWh while demand grew significantly faster, with 60 TWh.

Read More on Energy Global