The energy landscape in Europe throughout 2024 was strongly shaped by a significant emphasis on renewable energy development, reflecting the EU’s commitment to achieving net-zero greenhouse gas emissions by 2050. Of the 230 new energy assets commissioned in 2024, nearly 70% were in the renewables sector, with over 12 GW coming from wind and solar projects.
The offshore wind sector is gaining attention due to its vast potential to provide large-scale, clean energy and support the EU’s decarbonization goals. Additionally, the phase-out of coal remains a critical component of Europe’s energy transition, as the continent aims to reduce its reliance on fossil fuels. In Germany, the Ensdorf coalfired power plant is currently undergoing decommissioning and dismantling, expected to be completed by 2027.
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