Solar Fleet Avoids €11 Billion in Fossil Imports Since March

Europe's solar installations have generated daily savings of $135 million by displacing fossil fuel imports, per SolarPower Europe analysis. SolarPower Europe data shows €11 billion avoided in fossil fuel costs since March 1, equivalent to Belgium's annual defense budget, with records set in Germany (503 GWh on May 28), France (179 GWh), Spain (265 GWh), and Portugal (32 GWh) as reported by AleaSoft Energy Forecasting. Ember's 2024 analysis documented Spain's post-2019 addition of over 40 GW wind and solar reducing fossil price-setting hours by 75 percent, faster than in Italy or Germany. UK wind reached 23.9 GW on March 26, displacing gas in wholesale markets where the marginal generator sets hourly prices.