Europe OPEX Report | EICTV

EIC Insight Report

Europe OPEX

June 2023

Authored by

  • Thomas Bacon

    Senior OPEX Analyst, EIC

Policy and legislation are the driving force behind renewable capacity growth in Europe as countries prioritise green energy sources to drop carbon emissions and get closer to net-zero emissions. Each country has their own carbon emission target, as well as targets for certain energy sources.

In the last 12 months, we have seen large growth in Onshore Wind, Solar and Hydroelectric capacity across Europe. Three very mature industries in the continent, together these energy sources produce 92% of Europe’s renewable energy (313GW of 338GW total installed capacity).

This report provides an overview of the progress European countries have made in transitioning to renewable energy, as well as where growth in the renewable market will take place over the next five years. It covers the 27 member states of the EU, as well as Albania, Bosnia and Herzegovina, Iceland, Kosovo, Liechtenstein, Montenegro, North Macedonia, Norway, Switzerland, and Turkey.

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