Are you aligning your investment strategies with Europe's clean energy transition?
Did You Know?
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In 2023, electricity generated from renewables and hydropower in Europe amounted to 49.4%. With nuclear power included, low-carbon energy sources are set to account for 89.4% of European electricity production by 2035.
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Investment in solar photovoltaics (PV) rose significantly to $78.6 billion, increasing by $53.3 billion in 2023. Cost inflation had a minimal impact on solar PV compared to other technologies, with strong growth observed across all customer segments.
The Russo-Ukrainian conflict had jolted Europe's energy industry, prompting a 2023 legal push for clean energy investments. Now, the challenge lies in translating these plans into actionable outcomes. Europe is moving towards a sustainable energy future, balancing green goals with economic imperatives amidst rising megatrends in renewables, hydropower, energy storage, and more. This dynamic landscape underscores Europe's ongoing commitment to clean energy under comprehensive European Union (EU) energy policies, shaping a competitive global presence.
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What Impact Do the Top 3 Strategic Imperatives Have on the European Power and Energy industry?
Geopolitical Chaos:
Reducing reliance on Russian energy by ending oil purchases, cutting gas imports, and diversifying supply post-Ukraine conflict.
Transformative Megatrends:
Maintaining climate change awareness amidst economic concerns and prioritizing mitigation and adaptation strategies through public policy.
Competitive Intensity:
Mitigate inflationary pressures to sustain profitability, growth, and competitiveness in the power and energy industry.
Discover top growth opportunities in Europe's Power and Energy space by accessing Frost & Sullivan's comprehensive intelligence on the subject. Download now for unlocking visionary perspectives!
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