The European Renewable Energy markets have seen a significant amount of investment over the past decade. This has been driven by a number of factors, including increasing demand for clean energy, technological innovation, the emergence of new business models, and supportive national policies and regulations.
The European renewable energy market is heavily dominated by wind and solar energy, which together account for more than two-thirds of total capacity. Wind energy has been the most popular technology, with more than half of the total installed capacity coming from wind turbines. Solar energy has seen the most growth, with nearly 4 times the capacity installed in 2019 compared to 2010.
The European renewable energy market has seen significant growth in investment over the past decade. Investment in renewable energy during the period from 2010 to 2019 totaled more than 400 billion euros. This investment has been driven by a number of factors, including the emergence of new business models, the availability of financing options, and supportive national policies and regulations.
The European Union has provided strong support for the development of the renewable energy market. This includes the European Commission's Renewable Energy Directive, which sets out binding targets for Member States to achieve a 20% share of energy from renewable sources in their energy mix by 2020. The EU also provides a range of incentives for renewable energy investment, such as feed-in tariffs and renewable energy certificates.
In addition, governments across the region have implemented a variety of measures to encourage investment in renewable energy. These include tax incentives, subsidies, and feed-in tariffs. Many countries have also adopted targets for increasing the share of renewable energy in their energy mix.
The European renewable energy market is expected to continue to grow over the coming years, driven by increasing demand for clean energy, technological advances, and supportive government policies and regulations. This will continue to attract investment to the European renewable energy sector, as well as creating new opportunities for businesses and investors.