Market statistics

The European market for renewable energy reaches new heights

“The renewable energy market in Europe broke two barriers in 2018; with supply of Guarantees of Origin nearly reaching 600 TWh – and demand surpassing 500 TWh,” says Tom Lindberg, Managing Director in ECOHZ, commenting on new statistics from the Association of Issuing Bodies (AIB). “The European renewable energy market with Guarantees of Origin continued to grow and seemed like a market more balanced and mature than earlier. The surplus gap in 2018 did not widen, and seems likely to diminish in the near future,” says Lindberg.

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).