Solar power has saved Europe more than €30 billion in avoided gas imports in the six months since the outbreak of the Iran War. Savings accelerated during this summer as higher volumes of solar power became available and fossil fuel prices climbed. This summer’s heatwaves and droughts reduced the efficiency of, or even shut down, some thermal power plants. Reduced reservoir levels limited hydropower output while low cooling water levels affected nuclear generation. At the same time, the extreme heat increased the demand for air conditioning. Power prices spiked. The…
Read More€30 billion of gas imports now avoided thanks to Europe’s solar fleet
