Solar Energy Surpasses Coal in the EU in 2024: A Historic Turning Point for the Sector

For the first time in 2024, solar energy has surpassed coal in electricity production within the European Union. This marks a significant milestone in the EU's energy transition, with renewable energy accounting for nearly 50% of electricity production.

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In 2024, the European Union reached a major milestone in its energy transition. For the first time, solar energy produced more electricity than coal, according to a report published by the think tank Ember. This shift symbolizes the accelerating move toward renewable energy sources, a trend further bolstered by the ongoing decline in the use of fossil fuels in the region.

The share of renewable energy in the electricity production of the 27 EU countries reached a new record, representing nearly 47% of the total. This marks a significant increase from 2019, when renewable energy accounted for just 34% of electricity production. In parallel, the share of fossil fuels, including coal and natural gas, dropped from 39% in 2019 to 29% in 2024.

This progress has been largely driven by the rapid growth of solar energy, which, combined with a rebound in hydropower production, has significantly reduced the EU’s dependence on fossil fuels. Indeed, electricity generation from gas has declined for the fifth consecutive year, a sign of a structural transformation underway in the European energy sector.

The economic impact of this transition is also noteworthy. Chris Rosslowe, the lead author of the report, highlighted that the growth of solar and wind energy has allowed the EU to avoid fossil fuel imports worth 59 billion euros since 2019. These savings have strengthened the region’s energy resilience and contributed to the reduction of greenhouse gas emissions.

However, despite these advances, experts warn that much remains to be done. While solar continues to grow, wind energy must expand further. According to Ember, the EU’s wind capacity needs to more than double by 2030 to meet the Union’s climate goals and maintain this momentum in the energy transition.

The reduction in coal production is also evident in several European countries. More than half of the EU member states have either completely eliminated coal from their energy mix or reduced its share to less than 5%. This phenomenon demonstrates the rapid shift in Europe’s energy priorities, where climate concerns are intertwined with economic and geopolitical considerations.

The Challenges to Overcome

While the EU has made significant progress, integrating renewable energy into the electricity grid remains a major challenge. The fluctuations in solar energy production, depending on the seasons and weather conditions, require strengthening energy storage and demand management infrastructures. Solutions such as energy storage and smart grid technologies will be essential to ensure the stability of energy supply.

A Model for the Future?

The evolution of the European energy mix could serve as a model for other regions of the world, particularly emerging economies. As the costs of solar and wind technologies continue to decrease, the EU demonstrates that the energy transition is not only possible but also economically advantageous in the long term. However, the path ahead is still fraught with challenges, and greater cooperation between member states will be crucial to maximizing the benefits of this transformation.

US-based AGCO has signed a ten-year virtual power purchase agreement with BRUC, covering a 100 MW solar project in Spain, to secure part of its European energy consumption.
Canadian developer Innergex has won all six projects of the Grenier des Essences portfolio for a total of 85 MW, strengthening its position in France’s ground-mounted solar sector.
Canadian Solar unveils its new low-carbon solar modules integrating heterojunction cells and thinner wafers, achieving up to 24.4% efficiency and a peak power output of 660 Wp.
Elmya Energy and Atlantica Sustainable Infrastructure have created a joint venture targeting 4 GW of renewable energy projects in the United States, focused on the ERCOT and WECC markets.
Louth Callan has completed the Mousam River solar project in Sanford, marking a key milestone in the deployment of utility-scale energy infrastructure across the United States.
The state regulator has approved five new solar power purchase agreements to support growing demand under the CARES programme, targeting industrial and commercial clients.
With the commissioning of the El Carrizo plant, Ecoener surpasses 500 MW in installed capacity and becomes the most active Spanish investor in Guatemala’s energy sector.
Aspen Power has finalised the acquisition of two community solar projects totalling over 1 MWdc in New Jersey, developed by Ecogy Energy, with construction expected to begin shortly.
French developer Tenergie has started work on a ground-mounted solar plant at a former quarry, with expected annual output of 7.6 GWh from 2026.
Octopus Energy strengthens its presence in Spain with three new energy projects totalling 600 MW, powering 2.3 million households and accelerating the expansion of its European renewables portfolio.
VSB Italy has obtained authorisation to build a 6.2 MW agrivoltaic plant in Città della Pieve, combining solar power generation and agricultural cultivation on 10.6 hectares.
Ameren Missouri announces a 250 MW solar project to power 44,000 homes, reducing delays and costs through strategic development on company-owned land.
Verso Energy has inaugurated an experimental solar power plant in Outarville, testing the integration of photovoltaic panels across three hectares of large-scale crops with a 90% self-consumption rate.
Independent power producer R.Power is selling a 440MW ready-to-build photovoltaic portfolio in Poland, as political uncertainties drive a wave of divestments in the national renewable energy market.
Grenergy has finalised the sale of the fourth phase of its hybrid solar-storage project in Chile to CVC DIF, valued at up to $475mn, while retaining operation and maintenance for five years.
Q ENERGY secures financing for 252 MW of solar projects in Spain, marking its first independent power producer operation on the Iberian Peninsula.
Norwegian group Scatec has signed a power sales agreement with BTG Pactual for its first solar project in Colombia, representing an estimated $110mn investment.
New solar installations rose 64% year-on-year, driven by China, which accounted for more than two-thirds of global deployed capacity.
Virya Energy invests EUR2mn in a photovoltaic plant at the Oncopole park-and-ride in Toulouse, marking a 30-year partnership with Tisséo to strengthen the city’s energy self-consumption.
ACWA Power has signed an agreement with the Syrian Ministry of Energy to assess up to 2,500 MW of solar, wind and storage projects, along with a technical audit of the national grid and existing infrastructure.

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