New Highs For New Energy Demand In Europe

The European market for renewable energy reaches new heights

27 August 2019 (ECOHZ)

“…[Europe’s supply of Guarantees of Origin for New Energy neared 600 TWh in 2018, demand passed 500 TWh, and the surplus gap] seems likely to diminish in the near future…[Guarantees of Origin for the first half of 2019 grew] by 14 TWh while demand grew significantly faster, with 60 TWh…[The Netherlands doubled its Guarantees of Origin during H1 2019] compared to issued volumes in H1 2018…France had a 5 TWh increase in issued volumes from H1 2018 to H1 2019…[but demand] increased faster…[Norway’s share of Guarantees of Origin in Europe fell from 2018’s 22% because dry weather] during the first half of 2019 led to lower hydro power production than normal…

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[but this suggests] a more robust and diversified European market…[Hydropower’s share of issued Guarantees of Origin in Europe is dropping] due to increased availability of solar and wind…[P]rices were at historic high levels…Guarantees of Origin 2019 wind wholesale price is EUR 0.40 – 0.50 and for 2020 EUR 0.75 – 0.85 per MWh…The corporate sector is the main driver for renewable electricity although households and organisations also contribute to the market growth…” click here for more

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