How the EU utilized its renewables
What if countries optimized renewable investment?
What if the EU optimized investment and location?
EU solar andwind resources
$550B
Locations of renewable generation did not match locations with wind and solar resources; many solar panels were built in Northern Europe, for example, where irradiation is low.
Savings of $100B
If countries had deployed technologies that best suited their renewable resource footprint (for example, solar in Spain and wind in Germany), they could have saved $80 billion while achieving the same capacity they have today.
Savings of $140B
If the EU had deployed technologies regionally, adding more capacity in the nations with the best capacity factors (for example, more solar in Spain and more wind in Ireland), and optimized technology within countries, they could have saved $100 billion while achieving the same capacity they have today.
Locations of renewable generation did not match locations with wind and solar resources; many solar panels were built in Northern Europe, for example, where irradiation is low.
Savings of $100B
Savings of $140B