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Home / News / Industry News / The rise of the "Russian-Ukrainian conflict" will certainly advertise the sped up advancement of renewable resource in Europe

The rise of the "Russian-Ukrainian conflict" will certainly advertise the sped up advancement of renewable resource in Europe

Views: 0     Author: Site Editor     Publish Time: 2022-07-20      Origin: Site

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The rise of the "Russian-Ukrainian conflict" will certainly advertise the sped up advancement of renewable resource in Europe


On March 9, the European Union mentioned that the 1,000 GW solar setup target by 2030 could be attained via accelerated advancement. According to the "European Photovoltaic Market Outlook 2021-2025" released by SolarPowerEurope, the EU's photovoltaic set up capability will get to 672GW in 2030, which is equivalent to a typical yearly set up capability of 56.3 GW in the following nine years. The target was increased to 1TW this time around, which implies that the ordinary yearly installed capability will certainly get to 92.8 GW, which is expected to raise by 65%. The brand-new power market will certainly be further expanded as a result of the high demand for renewable resource in Europe due to the reliance on conventional power.


1. The European energy dilemma is getting worse

European energy crisis

According to the International Energy Firm (IEA), in January 2022, Russia created regarding 11.3 million barrels of oil each day, 2nd only to the United States and also Saudi Arabia. In regards to export volume, in December 2021, Russia's oil exports had to do with 7.8 million barrels each day, as well as oil and also natural gas exports represented about 25% of the international export profession, while Europe was the major destination for Russia's energy exports. Russia's oil and gas exports to Europe represent 50% and also 78% of Russia's complete exports, specifically.



Russia is Europe's energy pool, and European countries have differing levels of dependancy on Russia. Bulgaria imports almost 100%, Poland imports regarding 80% of gas, as well as Belgium, France and also the Netherlands account for less than 10%. In November 2021, Europe imported concerning 4.5 million barrels of oil from Russia in a solitary day, accounting for 34% of its complete imports. In 2021, Russia's gas manufacturing will get to a document 762.8 billion cubic meters, a year-on-year boost of 10%, 2nd just to the United States. Regarding one-third (245 billion square meters) is exported, of which 70 to 80% of the gas goes to Europe, which provides 168 billion cubic meters of gas to Europe, making up one-third of the latter's total need.

Export distribution map

From the viewpoint of European energy intake, oil and gas make up 59% of the total energy usage in Europe, with oil accounting for 33.8% and also natural gas accountancy for 25.2%. The 3rd biggest energy source make up 12.2%; renewable resource accounts for 11.5%, which is the largest proportion of renewable energy intake in the world; nuclear power and also hydropower represent 9.6% as well as 7.5% respectively. Over the last few years, the financial investment in fossil fuels in Europe has actually been declining, prompting some European nations to shut coal-fired power plants and some nuclear power plants. At the same time, the promo of renewable energy has remained to increase, and also the energy crisis in Europe has actually become increasingly more serious on the road of power change. Ultimately revealed to the Russian-Ukrainian battle.

consumption structure


2. Renewable resource need in Europe is soaring

Renewable energy demand soars in Europe

According to TrendForce, power costs in Europe rose all the way in 2015 as well as increased in the second half of 2021. As of February 2022, the ordinary rate of electrical power in significant European nations has gone beyond 300 euros per MWh, compared with less than 50 euros per MWh in the very same period in 2019. TrendForce believes that energy is necessary to Europe because of the intrinsic climate, as well as increasing electrical power costs will lead to a higher need for available energy in Europe, thus promoting a huge new energy market.


Plan objectives: Europe has always been very active in the formula of brand-new power policies, and various nations have actually recommended renewable resource development goals. Coupled with the outbreak of the Russian-Ukrainian war, the growth of renewable energy in Europe is much more on the agenda. On March 8, the European Compensation released a roadmap for energy self-reliance, making every effort to eliminate its dependence on Russia's power imports by 2030, beginning with natural gas. The activity plan is called "Joint Action on Affordable, Safe and also Sustainable Energy in Europe". On March 9, the European Payment released the RePower EU newsletter, which intends to resolve the energy safety and cost obstacles Europe is presently dealing with. The strategy suggests that the 2030 target of 1,000 GW of solar installments can be accomplished through increased development.


At the same time, the German environment authority recommended a new draft regulations to advance the objective of 100% renewable resource generation to 2035, 15 years earlier than the previous target. The European Union also plans to fast-track its Fit for 55 emissions reduction strategy, which was introduced on July 14, 2021, including a proposition to introduce 15 terawatt-hours of roof solar panels this year.


New energy market development

The penetration price of photovoltaic power generation is raising year by year: the surge of electrical power costs in Europe in 2021 is due to the increase in oil and also natural gas costs on the one hand; Taking photovoltaic power generation as an example, as a result of apparent seasonal aspects due to lighting reasons, the regular monthly solar power generation from October to February of the list below year is less than 50% of that in various other months. Although the installed ability of photovoltaics in Europe will certainly enhance dramatically in 2021, the seasonally reduced solar energy generation in winter season will not be of much assistance in reducing the shortage of power supply. The hydropower generation as well as wind power generation are likewise significantly affected by the climate, and their decline can result in a total decrease in energy generation. According to TrendForce, because of seasonal impacts at the start of 2022, the light of photovoltaic or pv power generation is reduced, as well as the renewable resource supply to Europe is not large in February, as well as it is anticipated to raise considerably in March.


Photovoltaic penetration rate

According to information from SolarPower Europe (SPE), the freshly set up PV capability in the EU in 2021 will be about 25.9 GW, a year-on-year boost of 34% compared to 19.3 GW in 2020, setting a brand-new document for the EU's annual PV installations. Up to now, the advancing installed capability of photovoltaics in Europe has reached 164.9 GW, consisting of 59.9 GW in Germany and also 22GW in Italy.

Renewable resource power generation has an excellent effect on the European power system. According to the pricing technique of the European power market, renewable energy power generation is offered top priority to the grid. When the renewable resource power generation can not meet the electrical energy need, the marginal price of power generation will be much more pricey. power. Today, renewable energy power generation in Europe can not satisfy the majority of the market need. Oil and also gas rates go to a high degree as a result of the Russian-Ukrainian war. It is hard for European electricity prices to go down. In the long run, if Europe wishes to support its electrical power market, on the one hand, it needs to quicken the power change, enhance the utilization price of renewable energy, and also regulate its own power system immediately

PV installed capacity

In 2022, the need for PV installed capacity in European countries will stay strong, reaching 37.3 GW. From the point of view of numerous European markets, Germany, the Netherlands, Spain, and France are still strong need countries. With the energetic promotion of motivation plans and also bidding process, the marketplaces of Italy, Portugal, Greece and also the United Kingdom will become the fastest expanding countries in the European market in 2022. According to TrendForce, the overall installed capability in Europe will certainly get to 37.3 GW in 2022, a rise of 22% compared to 2021, and also 9 GW-level markets will certainly make up 79.4% of the total installed ability in Europe.


The need for green power in Europe is skyrocketing, and the import of elements in 2021 will certainly increase dramatically. Judging from the import and also export quantity of modules in 2021, the import quantity of modules in European nations such as the Netherlands has boosted dramatically compared to in 2015. In 2021, the component exports will certainly be 100.6 GW, of which the Netherlands is the country with the largest module export quantity. Module imports in 2021 will be around 25GW, up 93% from 2020.


It deserves noting that the ordinary export rate of Chinese components in 2021 will certainly raise by 10.6% compared to 2020, yet it will not affect the export quantity of elements. As of December 2021, the export volume of component costs will certainly raise by 14% month-on-month as well as 45% year-on-year.


In 2022, the complete installed ability in Europe will get to 37.3 GW. At the same time, as the EU proposes numerous policy strategies to speed up the understanding of the 1000GW solar set up ability target in 2030, the European renewable resource market is expected to increase additional development. It is worth keeping in mind that under the boom of high demand in Europe, Europe is expected to be more approving of the cost of solar modules, as well as due to the presence of its European circulation market, it can be inferred that the import volume of photovoltaic modules in Europe will certainly remain to be the general quantity in 2022. Costs increase.


European PV installations

Although the current infiltration rate of renewable resource in Europe is relatively tiny, it has a huge area for development in the later period and also is the main part of future power increment.


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