Published on June 31, 2026, 07:57 AM

Europe saves $60 billion thanks to renewable energy.

(VTC News) -

Reducing reliance on fossil fuels and promoting the development of renewable energy are bringing clear economic benefits to European countries.

Euronews Reports indicate that the European Union (EU) will save 51,4 billion euros (60 billion USD) in 2025 by cutting fossil fuel imports and boosting renewable energy development.

The International Energy Agency (IEA) notes that the expansion of wind power and solar power This has helped Europe significantly reduce its need to import oil, gas, and coal. This saving comes amid continuously fluctuating global energy prices due to tensions in the Middle East.

In a similar view, the climate and energy research organization Ember stated that the energy transition is helping Europe increase its resilience to supply and price shocks.

"Savings from fossil fuels in 2025 are likely to increase this year as oil, gas, and coal prices continue to rise.", an Ember representative said.

The EU has saved a significant amount of money by boosting the development of renewable energy. (Photo: Euronews)

The EU has saved a significant amount of money by boosting the development of renewable energy. (Photo: Euronews)

Data from the climate action organization Strategic Perspectives shows that the EU imported 723,3 million tonnes of energy products in 2025, worth €336,7 billion ($392,7 billion). Compared to 2024, the value of imports decreased by 11,1%, while the volume decreased by 0,6%.

Meanwhile, the region has invested approximately $105 billion in renewable energy.

Solar power is the fastest-growing sector. With production exceeding 340 TWh in 2025, this source of electricity will account for 12,5% ​​of the EU's total electricity output.

Solar power production increased by more than 60 TWh compared to the previous year, equivalent to Portugal's total annual electricity demand.

Marin Gillot, an energy analyst at the climate action organization Strategic Perspectives, argues that clean energy today is not only a tool for responding to climate change but has also become an economic and geopolitical strategy.

"The less dependent Europe is on fossil fuels, the less vulnerable people and businesses will be to fluctuations in energy prices and global uncertainties.""That's what Mr. Gillot said."

development trend of recycled energy This is not happening only in Europe.

According to Ember's analysis, April 2026 marks the first time in history that wind and solar power will generate more electricity than natural gas globally.

These two energy sources accounted for 22% of global electricity production in April, higher than the 20% of natural gas.

Ember said this milestone came in the first month of a new energy crisis linked to the Middle East conflict, highlighting the growing role of renewable energy in the global power mix.

Global wind and solar power production is estimated to have increased by 13% year-on-year. Many major markets recorded double-digit growth, including China (14%), the EU (13%), the UK (35%), Australia (17%), and Chile (24%).

However, Ember noted that wind and solar power have only surpassed gas power in a single month, not on an annual scale.

April is considered the most favorable time to set this milestone because spring conditions in the Northern Hemisphere – where most of the world's solar power capacity is concentrated – typically generate high levels of wind and solar power.

In addition, electricity consumption typically decreases during the transition period between the heating and cooling seasons, resulting in lower electricity production from natural gas compared to most of the rest of the year.

Nevertheless, experts believe that this result further reflects the rapid expansion of renewable energy and the increasing role of wind and solar power in the global energy system.

(Source: Euronews)
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