Current status
The European Union aims to have 21% of its electricity coming from renewable energy sources by 2010. This target has been formulated in the Directive 2001/77/EC on the promotion of renewable electricity. The Directive also stipulates that Member States have to provide better grid access for renewable energy generators, streamline and facilitate authorisation procedures and establish a system of guarantees of origin.
This directive, the most important piece of legislation in the world for renewables, has brought a framework that guarantees growth and shows the necessary stability, which is crucial to investments. It is a success from our point of view: The production of renewable electricity, without large hydropower, in 2005 is more than the combined overall electricity production in Denmark, Portugal and the Slovak Republic. In the first years of this century the development of renewable electricity was happening only in some frontrunner countries, yet already now we can see a second wave of countries with significant growth rates. This is in our opinion the real success of the existing directive.
According to EREC’s estimates, it is possible to generate 35 % of Europe’s electricity by renewable energy sources by 2020.
EREC’s presentations and views