The updated National Energy and Climate Plan (NECP) for 2025-2030 is set to uphold its ambitious targets for energy transition investments. Although the total investment has been significantly reduced from the initial draft submitted to the European Commission last year, the revised plan still forecasts investments exceeding 94 billion euros.
Of this amount, 65 billion euros are allocated for initiatives such as replacing outdated household appliances, enhancing home energy efficiency, and purchasing electric vehicles. An additional 29 billion euros is designated for energy generation, with a focus on renewable energy sources and gas-fired power plants. While the revised total investment is notably lower than the 200 billion euros proposed initially, it remains substantial, averaging over 15 billion euros annually across the six-year period from 2025 to 2030.
The NECP aims to boost installed renewable energy capacity from 22.6 GW in 2022 to 36.49 GW by 2030, reflecting a 61% increase. It also targets an energy mix of 66% renewables, 21% gas-fired electricity, and 10% hydropower. Additionally, the plan includes a target for energy storage of 6.07 GW by 2030 and outlines upgrades to improve energy efficiency in 409,000 homes.
