Europe: Gas prices slide...

In Week 30 of 2025, European gas prices declined, with Dutch TTF prices...

Region: Heatwave drives SEE...

In Week 30 of 2025, electricity market prices rose significantly across most Southeast...

Romania: INVL Renewable Energy...

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on...

Croatia: Summary of Guarantees...

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold...
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Renewable energy in the EU: Nearly half of electricity generated from green sources in 2024

In 2024, renewable energy sources accounted for 46.9% of the net electricity generated in the European Union. Denmark led the EU with the highest share of renewables in its electricity mix at 88.4%, predominantly from wind power. Portugal followed closely with 87.5%, relying mainly on wind and hydro, while Croatia ranked third with 73.7%, primarily from hydroelectric sources.

At the other end of the spectrum, Luxembourg recorded the lowest share of renewables at just 5.1%, followed by Malta (15.1%) and Czechia (15.9%).

Wind and hydro power dominated the EU’s renewable electricity generation, contributing 39.1% and 29.9% of the total, respectively. Solar energy accounted for 22.4%, while 8.1% came from combustible fuels. Geothermal energy played a minor role, supplying only about 0.5% of the total renewable electricity output.

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