Faced with the repercussions of Russia’s invasion of Ukraine on the energy market, the European Commission presented its REPowerEU plan on May 18, 2022. The plan aims to get the European Union off its dependence on Russian fossil fuels (gas and oil) by 2030, and to promote energy savings and the development of renewable energy.
This plan is based on three main axes:
-production of clean energy
-diversification of energy supply
As an illustration, Russian gas represented 40% of European imports in 2021. This rate has risen to 26% in April 2022.
Ending the European Union’s dependence on Russian fossil fuels will necessarily involve a significant increase in the share of renewable energy in the European energy mix, electrification and replacement of heat and fossil fuels in the most consuming sectors.
In this sense, the Commission recommends a target of 45% of renewable energy in the European energy mix by 2030 (this target is currently set at 40%). This will eventually represent the power of 100 EPRs.
In concrete terms, this would bring the total renewable energy production capacity to 1,236 GW by 2030, compared to 1,067 GW within the current targets (under “Fit for 55”).
This strategy will enable massive deployment of solar PV to reach 320 GW of capacity by 2025 (double the current level), and 600 GW by 2030. In terms of consumption, this will be equivalent to nearly 9 billion m3 of natural gas annually.The European Commission wants to make it mandatory to install photovoltaic panels on the roofs of new public and commercial buildings from 2025, and 2029 for new residential buildings.
The Commission also intends to simplify and accelerate authorization procedures for wind turbines.
In terms of energy efficiency, the European Commission wants to raise the energy efficiency target for 2030 from 9% to 13%.
Replacing fossil fuels in industrial processes will reduce our dependence on Russia while promoting the growth and development of the renewable energy sector on European soil.
The development of electrification, energy efficiency and renewable energies would allow the industrial sector to save nearly 35 billion m3 of natural gas by 2030.
30% of the European Union’s primary steel production should be decarbonized with renewable hydrogen.
Energy conservation is a safe and inexpensive way to reduce the European Union’s dependence on Russian fossil fuels.
In partnership with the International Energy Agency and the MS, the European Commission will provide citizens with information to help them make responsible and energy-efficient purchases.
The European Commission plans to invest nearly €210 billion to move away from our dependence on Russian fossil fuels by 2027.
Member States will have to add a REPowerEU chapter to their recovery and resilience plan, in order to orient and detail their investments.
Member States will be able to use the current RRF loans (Recovery and Resilience Loans), representing €225 billion, for this purpose.
This reorganization of European energy policy will involve a renewal of international partnerships.
The new EU energy platform will allow the pooling of demand, coordination of infrastructure use, negotiation with international partners and the preparation of joint hydrogen and gas purchases.