EU to exceed 2020 green energy target
The latest national projections submitted by governments to the EU executive suggest the 27-nation bloc could reach an overall renewable share of 20.3 percent by the end of the decade.
"These forecasts show that member states take renewable energy very seriously and are really dedicated to pushing their domestic production," EU Energy Commissioner Guenther Oettinger said.
Spain and Germany forecast the largest surpluses in 2020, predicting they will exceed their national renewable targets by 2.7 and 0.7 percentage points respectively.
This will help to make up for projected shortfalls in several EU countries, including Italy, which expects to miss its 17 percent target by 1 percentage point.
EU governments that miss their 2020 targets will be forced to buy surplus renewable production from other countries to make up the difference, or could face legal action from the Commission, a spokeswoman for Oettinger said.
Related News
Revenue from Energy Storage for Microgrids to Total More Than $22 Billion in the Next Decade
NEW YORK - A new report from Navigant Research examines the global market for energy storage for microgrids (ESMG), providing an analysis of trends and market dynamics, with forecasts for capacity and revenue that extend through 2026.
Interest in energy storage-enabled microgrids is growing alongside an increase in solar PV and wind deployments. Although not required for microgrids to operate, energy storage systems (ESSs) have emerged as an increasingly valuable component of distributed energy networks because of their ability to effectively integrate renewable generation.
“There are several key drivers resulting in the growth of energy storage-enabled microgrids globally, including the desire to…
