info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Europe Transforms Into Clean Energy in 2024 with Renewable Sources

By Shubhendra Anand , 05 February, 2024

With the beginning of 2024, the clean energy transition will take up more energy and speed to transform the energy sector into greener ways throughout the year. European countries are contributing towards green energy trends while moving into 2024.

The clean energy transition occurs in the renewable energy sector, where electricity and fossil fuels are the main attraction. The electrification of transportation to replace conventional vehicles and substituting solar and wind energies in place of fossil fuels are the essential goals of the clean energy transition in 2024. According to the surveys, renewable energy sectors are budding as an important industry offering technological advancements, solutions to adapt to new clean energy trends and others. Heavy investment in the renewable energy sector allows countries to develop various fields, such as transportation with increasing adoption of electric vehicles, growth of solar and wind energy, generation of green hydrogen, and others. The transition to clean energy is a pressing need to tackle environmental issues; therefore, achieving the carbon emissions target by the end of 2050 is vital.

Based on a survey, experts believe that green hydrogen usage in 2024 will lead to significant developments in the technological field. Electrolyzer technology will reduce the cost of green hydrogen production and aid the transition into sustainable energy. Solar and wind energy improvement will increase offshore energy production, replacing conventional energy sources; European countries are investing heavily. According to survey data, 56 percent of electricity will be produced from clean energy sources in 2023, while electricity production from coal will be reduced by 30 percent. Thus, Europe proves to be one of the most significant contributors to the clean energy transition for 2023, which is expected to move into 2-24. Germany is anticipated to catch up with momentum for the clean energy transition in 2024 as the electricity demand is supposed to grow along with the clean energy transition. Wind energy growth has been recorded to be up to 6.4 gigawatts, and solar energy growth will be up to 14 gigawatts in 2023, the main factor behind the increase in clean energy generation in Germany in 2024.

Clean Energy Share in Germany's Electricity Generation in 2023

GERMANY-C.E-2024.jpg

Latest News

2025.png
Quadric and Denso Team Up to Progress Automotive AI Semiconductors for 2025

The automotive industry will benefit significantly from strategic partnerships in artificial intelligence (AI) and its use in cars. AI integration into automobiles is projected to improve considerably in the year 2025 due to the formation of various…

Read More

2024.png
Semiconductor Trade Restrictions Threaten EV, AI, and Industrial Progress in 2025

In 2025, the global semiconductor industry is already grappling with new and complex challenges emanating from the trade wars and policy changes between the United States and China. The semiconductor industry, an essential backbone of technology…

Read More

2030.png
Surge in Demand for Semiconductors in 2025 Driven by Boom of Generative AI

The rapid use of generative artificial intelligence (AI) in 2025 has profoundly affected the semiconductor sector, resulting in unprecedented growth for advanced chip technologies. According to estimates made by the Capgemini Research Institute, this…

Read More

condition.png
Texas Faces Challenges to Balance Grid Security and AI Boom in 2025

Texas will face an emerging challenge in 2025 as the electricity grid experiences unprecedented strain from the rapid expansion of artificial intelligence (AI) data centers. Power usage has increased due to technology firms' indiscriminate placement…

Read More

Stocks.png
Tech Turmoil in 2025: Magnificent Seven Stocks Slide as Tesla Leads Market Decline

With the "Magnificent Seven”- Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla leading the fall, the US stock market saw a significant dip in early 2025. Usually seen as market drivers, these IT behemoths found themselves in the correction…

Read More

Author Pic
Shubhendra Anand

Head Research