The dramatic slowdown across Europe due to Coronavirus lockdowns has caused electricity demand to plumet by one-tenth in the first three months of 2020 – the biggest drop in demand since the Second World War.
This has caused power generation across the continent to fall. But in a potentially positive sign for Europe’s energy transition, fossil fuel generation is falling far more than renewable power.
According to an analysis by the Wärtsilä Energy Transition Lab, coal-based power generation has fallen by over a quarter (25.5%) across the European Union and United Kingdom in the first three months of 2020 compared to 2019. Meanwhile the share of renewable energy in the EU and UK has risen to 43%.
The impact has been even more stark in the last month, with coal generation collapsing by almost one third (29%) between 10 March and 10 April compared to the same period in 2019. At this moment it makes up only 12% of total EU and UK generation. By contrast, renewables delivered almost half (46%) of generation – an increase of 8% compared to 2019.
The result has been an unprecedented fall in carbon emissions from the power sector, with emission intensity falling by almost 20% compared to the same 10 March to 10 April period last year.
The analysis comes from the Wärtsilä Energy Transition Lab, a new data platform developed by the Wärtsilä Corporation, a Finnish company which manufactures and services power sources in energy markets.