In Europe, wind power now generates more electricity than coal
1 year, 2 months ago

In Europe, wind power now generates more electricity than coal

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Europe’s power producers generated more electricity from wind than from coal for the first time in the last quarter of 2023, marking a key milestone for regional energy transition efforts. New policy support agreed by European lawmakers in late 2023, including financing for turbine manufacturers and shorter permitting times for developers, should help further boost regional wind generation in 2024, and may potentially widen wind power’s lead over coal going forward. While additional wind generation capacity is widely expected throughout Europe in 2024 and beyond, the outlook for coal-fired generation remains less clear, and will be a key factor in determining how sustainable wind power’s lead over coal may be. Europe’s three largest coal consumers all pared coal use in power generation to multi-year lows in the opening half of 2023 as weak regional industrial activity curbed overall power demand just as utilities brought greater volumes of clean power online. Over the near term, European coal-fired power generation may also creep higher as industrial activity recovers, but if power firms follow through on the planned development pipeline, wind power looks set to consistently overshadow coal power in Europe’s electricity generation mix over the longer run.

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