This outlook provides analysis and trends on Europe's energy transition from non-renewable to renewable sources. A 2030 outlook predicts renewables will experience a rapid growth in power capacity and generation outlook in the region, due to the acceleration of investment towards net zero targets.
Europe has the potential to be the leading region in the five main sectors needed for energy transition, two of which are currently at a high development stage, namely renewable energy and electric vehicles. Further policies and actions need to be implemented to increase its capacity in the other three sectors. The energy supply sector is also the main responsible for the CO2 emissions in the region.
Europe has the potential to be the leading region in the five main sectors needed for energy transition, two of which are currently at a high development stage, namely renewable energy and electric vehicles. Further policies and actions need to be implemented to increase its capacity in the other three sectors. The energy supply sector is also the main responsible for the CO2 emissions in the region.
Key Highlights
- Renewables accounted for 48% of the European power market in 2021 and are expected to increase to 66% by 2030
- As several countries have strict policies on phasing out coal and reducing fossil fuel use and emissions, there is firm progress on decommissioning thermal capacity
- The transportation sector is the second largest GHG emission contributor in the EU, accounting for almost 20% of the total emissions in the region
- There are over 80 CCS projects being planned in the EU, most of which are planned to be in the North Sea, holding an annual abatement potential of 80 million tonnes of CO2
- Hydrogen accounts for a 20% share of the global capacity
Scope
- Regional Energy Transition in Europe
- Policies supporting energy transition
- Power renewable capacity and generation by 2035 and thermal decommissioning capacity
- Electric vehicles market and growth
- Renewable refineries in the EU
- CCS capacity and main industries adopting CCS
- Main hydrogen developments and hycdrogen capacity in Europe
Reasons to Buy
- Identify the last trends, policies and leaders in energy transition technologies
- Develop market insight of current, in development and announced capacity and latest trends of each of the sectors
- Understand the potential market growth and policy support for renewable power, hydrogen, renewable refineries, CCS, EVs
- Facilitate the understanding on where the market is growing as it positioned as one of the main topics of the international agenda
Table of Contents
- Europe Emissions by Economic Sector
- Sector Grid and Leaders
- Power outlook & Generation
- Renewable Energy: Policies & Economics
- Power Capacity Share Outlook
- Share of Power & Renewable Generation
- Thermal Power Decommissioning & Emissions
- Major players: Solar Vs Wind Owners, Manufacturers and EPCs
- Electrical Vehicles
- Policies & Funding
- Electric Vehicles Market
- Share by Fuel Type
- Renewable Fuels
- Policies & Funding
- Biofuels
- Sustainable Aviation Fuel
- Renewable Refineries
- CCS/CCU
- Policies & Funding
- EU Carbon Capture Capacity
- Main activities adopting CCS technology in the EU
- Hydrogen
- Policies & Funding
- Europe in a Global Context
- Case Studies of European Hydrogen Developments Across Sectors
Table 1: Sector Grid and Leaders
Table 2: Solar Power Capacity EPCs and Manufacturer Leaders
Table 3: Wind Power Capacity EPCs and Manufacturer Leaders
Table 4: Largest Renewable Refineries
Table 5: Largest upcoming hydrogen plants in Europe
Table 5: European Companies with Most Mentions of Hydrogen in Filings
Table 6: Electrolyser Companies Targets
List of Figures
Figure 1: European Emissions by Economic Sector, (kt CO2-e) 2005 - 2017
Figure 2: Emissions reduction by Economic Sector, 2005 - 2017 (%)
Figure 3: European LCOE
Figure 4: Power Capacity Share, 2015 - 2030, %
Figure 5: Power Generation Share, 2020-2035
Figure 6: Decommissioning and Upcoming Thermal Capacity
Figure 7: Europe’s Emissions from Thermal Power
Figure 8: Solar Power Capacity
Figure 9: Wind Power Capacity
Figure 10: European Electric Vehicle Market in Western Europe
Figure 11: European Electric Vehicle Market in Central Europe
Figure 12: 2020 New Car Registrations
Figure 13: Number of Renewable Refineries by Country
Figure 14: Renewable Fuel Production Capacity
Figure 15: EU CCS Capacity by Country
Figure 16: Main industries adopting CCS technology in the EU
Figure 17: European and Global Low-Carbon Hydrogen Capacity by Development Stage
Figure 18: Major European Countries’ Electrolyser Capacity Targets
Figure 19: European Companies with Most Mentions of Hydrogen in Filings 2018 - 2021
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Iberdrola
- RWE
- Capital Energy
- TATA
- Stellantis
- Geely
- Neste
- Preem
- Shell
- Equinor
- INEOS
- Drax
- CiP
- Gasunie
- Air Liquide
