Market statistics

Good news for European renewables

Published 25 March, 2020
The growth in renewable energy demand outpaces renewable energy supply in 2019, indicate the new statistics from the Association of Issuing Bodies (AIB). “The European demand for renewable energy tracked and documented with Guarantees of Origin (GOs) grew at a brisk rate of 11.7% in 2019. This is up an estimated 61 TWh from 2018,” says Tom Lindberg, Managing Director in ECOHZ, The annual growth (CAGR) the last 10 years is an impressive 15%.

New milestone: Demand for renewable electricity surpasses 500 TWh in Europe

“For the first time renewable energy demand in Europe surpasses 500 TWh – or half a billion Guarantees of Origin (GOs),” says Tom Lindberg, Managing Director in ECOHZ, commenting on 2018 statistics from the Association of Issuing Bodies (AIB). If the growth trend from the last five years continues, the GO-market will soon surpass one billion Euro,” Tom Lindberg adds, noting “that customers are willing to pay a premium on certain origins of energy.” 

European Residual Mixes 2018 show CO2 footprint when not using documented renewable electricity

Published 24 June, 2019
Guarantees of Origin (GOs) are used to track renewable electricity in Europe. Consumers who do not choose renewable electricity with GOs will use a mix (Residual Mix) of energy produced from renewable, fossil and nuclear sources. On average, the European residual mixes of 2018 have
– 12.4% (17.3) renewable
– 33.0% (23.8) nuclear
– 54.6% (58.9) fossil
(2017 figures in brackets).