Within the framework of the effort of Europe to become independent from Russian hydrocarbons, the Commission is proposing to increase the EU’s 2030 target for renewables from the current 40% to 45%. The REPowerEU Plan would bring the total renewable energy generation capacities to 1,236 GW by 2030, in comparison to the 1,067 GW by 2030, envisaged under Fit for 55 for 2030.
The EU Solar Energy Strategy will boost the roll-out of photovoltaic energy. As part of the REPowerEU plan, this strategy aims to bring online over 320 GW of solar photovoltaic newly installed by 2025, over twice today’s level, and almost 600 GW by 2030. These frontloaded additional capacities displace the consumption of 9 bcm of natural gas annually by 2027.
