In 2022, the EU witnessed a record surge in wind and solar power. Three million heat pumps were sold. Almost one in four new cars is now electric. This is thanks to the European Green Deal and our work to end imports of Russian fossil fuels. These trends are predicted to accelerate this year.
But Europe will only ensure its energy security and deliver on its climate ambitions if we sustain a fast pace in the rolling out of renewables and the electrification of our economy. With supply and demand booming across Europe, we now need to ensure that clean electricity can be delivered across the continent. For this to happen, our power infrastructure must be ready.
Our 11mn kilometres of grids need to grow and change to serve increasing demand. Electricity consumption is expected to increase by about 60 per cent between now and 2030.