The Association of Issuing Bodies (AIB) has released statistics which highlight an increased usage of renewable energy in Europe.
Figures comparing the first half year supply and demand of Guarantees of Origin for 2019 compared to the first half of 2018, show a growth in supply by 14 TWh while demand grew 60 TWh.
“The renewable energy market in Europe broke two barriers in 2018; with supply of Guarantees of Origins nearly reaching 600 terawatt hours (TWh) – and demand surpassing 500 TWh,” said Tom Lindberg, Managing Director in ECOHZ.
“The European renewable energy market with Guarantees of Origin continued to grow and seemed like a market more balanced and mature than earlier. The surplus gap in 2018 did not widen and seems likely to diminish in the near future.”
The Netherlands and France demonstrated record highs for the first half of 2019. The Netherlands’ high installation of wind a solar capacity has impacted the volume of Guarantees of Origin issued during the first half of 2019
An increase of 9 TWh is almost a doubling compared to issued volumes in the first half of 2018.
France highlighted a 5 TWh increase in issued volumes from the first half of 2018 to the first half of 2019 due to an increased amount of power plants being able to issue Guarantees of Origin after ended feed-in-tariff periods.
“Hydropower is still the most common technology of issued Guarantees of Origin in Europe with a supply share of 56% in 2018, compared to 64% in 2017 – but changes are occurring rapidly due to increased availability of solar and wind,” said Lindberg.
“For the sake of the climate, I hope the renewable transition goes fast, and that we are flooded with an abundance of renewable energy. Europe will need 500 TWh of annual renewable power from 2020 to 2030, requiring a lot of investments and initiatives.”
“Global reporting initiatives and standards like CPD and Greenhouse Gas Protocol form a critical foundation, by requiring Guarantees of Origin to be purchased and used to document any claim of renewable consumption.”
“In addition to this, in 2018 the EU approved a new Renewable Directive (REDII), which included text strengthening the system of Guarantees of Origin toward 2030. REDII is a milestone, and clearly states that electricity suppliers and consumers of power shall use Guarantees of origin to document and report renewable electricity claims in Europe.”