Here’s how solar energy saved Europeans $29 billion this summer

Oct 3, 2022

Solar power generation saved the EU almost $29 billion in fossil gas imports. Image: Unsplash/Andreas Gücklhorn

Victoria Masterson

Senior Writer, Formative Content

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Electricity generation from solar power in EU.

The EU generated a record 12.2% of its electricity from solar power between May and August 2022. Image: Ember

Solar energy generation in the EU impact.

Electricity generated from solar power saved the European Union almost $29 billion this summer. Image: Ember

Gas prices in Europe are soaring and the trend is predicted to continue, increasing demand for solar power. Image: Ember

Share of electricity production met by solar power in percentage.

18 EU countries set new records for solar power generation between May and August this summer. Image: Ember

The energy crisis is an opportunity for countries to speed up their transition to solar power and other clean energy sources. Image: Fostering Effective Energy Transition 2022, WEF

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