The share of renewable energy in the EU’s electricity mix climbed to 46.9% in 2024, according to preliminary estimates. This marks a significant rise from 44.4% in 2023, reflecting the bloc’s accelerating shift toward sustainable energy sources amid climate goals and energy security priorities.
Key Highlights:
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Wind and Solar Dominate: Wind energy accounted for 17.5% of EU electricity generation, while solar contributed 9.1%.
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Hydropower Stable: Hydroelectric generation remained steady, supported by favorable weather conditions in some regions.
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Decline in Fossil Fuels: The share of fossil-based electricity dropped to 32.5%, down from 36% a year earlier, driven by higher CO₂ prices, lower demand, and policy shifts.
This transition is critical for energy-intensive industries like steel production, which are under pressure to decarbonize. A greener energy grid provides the foundation for scaling up low-carbon and hydrogen-based steelmaking technologies.
As the EU pushes toward its 2030 climate targets, renewable energy will continue to play a central role in reducing emissions, stabilizing energy prices, and building a more resilient industrial base.
Vietnam Steel by Hoa Sen Group
