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Europe's stunted hydro & nuclear output may hobble recovery drive
LONDON - Shortfalls in Europe's hydro and nuclear output have more than offset record electricity generation from solar and wind sites over the first quarter of 2023, leaving the region vulnerable to acute energy shortages for the second straight year.
European countries fast-tracked renewable energy capacity development in 2022 in the wake of Russia's invasion of Ukraine last February, which upended natural gas flows to the region and sent power prices soaring.
Europe lifted renewable energy supply capacity by a record 57,290 megawatts in 2022, or by nearly 9%, according to the International Energy Agency (IRENA), amid a scramble to replace imported…