By 2030, renewables will meet more than half of Europe's electricity needs

Wood Mackenzie predicts that renewable energy will meet 53% of Europe's electricity supply
by 2030.
If Europeans implement their respective national energy and climate plans, sustainable energy will dominate the electricity market
.

In fact, Europe seems on track to achieve its stated goals
.
Some forecasts suggest that Britain is leading the way in surpassing its targets, while France appears to be lagging the most
.

In 2018, Europe generated more electricity from renewables than coal produced
.
Wood Mackenzie reports that in 2018, one-third of Europe's electricity came from renewable sources
.
"Wind energy is the largest single source of low-carbon electricity, accounting for about 12%
of the region's total supply.
Solar energy accounts for 4%
of supply.
”

Peter Osbaldstone, research director at Wood Mackenzie, noted that vigilance and continued growth are still needed, "renewables are expected to occupy the majority of Europe's electricity supply within a decade, with more than 60% of the market share
by 2040.
" However, European governments, regulators and investors must continue to work towards
climate energy goals.
”

The European electricity market continues to shift
away from the coal industry due to government-mandated phase-out plans, falling renewable energy and gas costs.
However, nuclear energy remains the largest single energy source in the region, but with the retirement of older reactors, the share of nuclear energy will decrease
.

Wood MacKenzie reported that although the contribution of natural gas will increase as coal and nuclear energy decrease, the combined supply of wind and solar will eventually compete with
natural gas.
It is expected that by the end of the next decade, the wind power industry alone will be able to far surpass natural gas generation
.