Europe resolves gas shock from the Middle East thanks to special energy sources

    Châu Anh |

    Solar power helps Europe sharply reduce gas import costs amid Middle East conflict pushing energy prices up.

    On July 16 (local time), according to a statement from SolarPower Europe, solar power has helped the European Union (EU) save 20 billion euros (about 23.4 billion USD) in gas import costs since the conflict broke out in the Middle East.

    SolarPower Europe's analysis shows that in the period from March 1 to July 15, solar power systems across the EU replaced a large amount of electricity produced from imported gas, thereby significantly reducing the demand for fossil fuels and contributing to strengthening the bloc's energy security.

    According to this organization, in 137 days, solar power has helped the EU save an average of 146 million euros/day (about 171 million USD/day). SolarPower Europe said this figure is even higher than France's daily defense budget, a country with a 2025 defense budget of 52.3 billion euros (about 61.2 billion USD), equivalent to about 143 million euros/day (167 million USD/day).

    Ms. Walburga Hemetsberger, General Director of SolarPower Europe, said that every MWh of electricity generated from solar energy contributes to reducing Europe's dependence on imported fossil fuels, while helping the region strengthen energy security.

    According to SolarPower Europe, this achievement continues an important milestone when solar power became the EU's largest source of electricity in June, accounting for about 25% of the bloc's total electricity output.

    This organization believes that the 20 billion euro savings are clear evidence of the effectiveness of investing in domestic renewable energy sources, especially in the context of volatile energy prices due to geopolitical instability.

    SolarPower Europe also called on the EU to continue to promote economic electrification, expand renewable energy capacity and invest in electricity storage solutions such as batteries to minimize risks in the face of future fuel price shocks.

    According to this organization, combining the development of renewable energy with storage systems will be the foundation to help Europe strengthen energy security and reduce long-term dependence on fossil fuels.

    Châu Anh
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