CEE can lower electricity prices by a third by 2030 with ambitious wind and solar deployment | Ember

CEE can lower electricity prices by a third by 2030 with ambitious wind and solar deployment

15 May 2023

This report comes as important deadlines for energy planning approach, with updates to National Energy and Climate Plans (NECPs) due by mid 2023, and the required inclusion of REPowerEU chapters in Recovery and Resilience Plans this spring. Current renewables targets in most CEE countries are significantly below those elsewhere in the EU, with Hungary, Slovakia, Bulgaria, Czechia and Poland accounting for the lowest targets among all EU countries in their current NECPs. 

Increasing wind and solar targets would bring important benefits for CEE governments, opening at least €137 billion in EU funding to invest in the energy transition. Ember’s modelling shows that it is possible for the region to build a surplus of low-cost green electricity, attracting new investments and increasing economic competitiveness. With 200 GW wind and solar, CEE could export 23 TWh of electricity in 2030, compared to importing 7 TWh in 2022. 

“This report shows what’s possible for Central and Eastern Europe: a thriving, connected region powered by bountiful wind and solar. Not only will wind and solar bring economic benefits, but they are also an absolutely crucial tool to build energy security given the region’s history and close proximity to Russia. Central and Eastern Europe needs to channel the clean power momentum sweeping across Europe, failing to do so will have dire economic and security consequences.”

“A large part of the countries of Central and Eastern Europe have fallen asleep in the deployment of renewable energy. However, even historically fossil fuel reliant countries like Czechia are now starting to notice the benefits of the energy transition. But the removal of barriers to renewables must be completed as soon as possible: the preparation of a project, for example a wind turbine, must not take 10 or more years, but a year or two at most.”

Stepan Chalupa
‍
Chair of the Czech Renewable Energy Chamber

“Poland is already one of Europe’s solar leaders, and we see similar potential across Central and Eastern Europe. Today and tomorrow, homegrown renewables are the basis of European energy security – system operators must prepare the grid accordingly. In an energy and climate crisis, we can’t afford to waste a single ray of sunlight.”

Walburga Hemetsberger
‍
CEO of SolarPower Europe

“Central and Eastern Europe already produces many components for wind turbines. They will benefit from the expansion of wind. They have great potential for more wind farms too. And more wind farms means cheaper electricity. So more wind is win-win-win for Central and Eastern Europe.”

Giles Dickson
‍
WindEurope CEO

About Ember

Ember is an independent energy think tank that aims to accelerate the clean energy transition with data and policy. It creates targeted data insights to advance policies that urgently shift the world to a clean, electrified energy future.

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