EU solar and storage push could cut power system costs by nearly half

A scenario analysis by SolarPower Europe, modeled by Rystad Energy, finds that accelerating PV and battery storage deployment could save the European Union €223 billion ($260.7 billion) in gas imports between 2026 and 2030 and reduce wholesale electricity prices by 14% compared with 2025 levels.The European Union is on track to miss both its 2030 solar and wind capacity targets under current deployment conditions. Under the modeled base-case outcome, solar is modeled at 574 GW against a target of 600 GW, while wind is modeled at 344 GW against a target of 425 GW - a shortfall of 19%, according ...

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