The European demand for renewable electricity documented by Guarantees of Origin now constitute more than 10% of all electricity consumption in Europe.
24 September 2015, Oslo - The demand for renewable electricity in Europe, documented with Guarantees of Origin, continues to grow in 2015. Behind this growth are thousands of businesses and millions of households in numerous European countries - voluntarily purchasing renewable electricity with Guarantees of Origin.
In a European market, that may reach a total market volume of 400 TWh in 2015, Germany has played, and continues to play a dominating role. In 2014 Germany reached a volume of 80 TWh, and may now be on track to reach an impressive volume of 100 TWh in 2015, accounting for 25% of the European volume. The German figures as of Q2 in 2015 already show a market demand of 69 TWh, an increase of 11 TWh, 19 % higher than the 2nd quarter last year.
Germany, having a total power consumption of 580 TWh, is now close to having 20 % of all consumption documented as renewable.
On a European basis, the 2015 2nd quarter numbers show an increase of 25 TWh compared to Q2 in 2014 - equaling an increase of 11 %. The total demand for Q2 reached a record volume of 255 TWh, according to the statistics from the Association of Issuing Bodies (AIB).
The development in 2015 follows a record-breaking 2014, during which the market experienced a 27.6 % growth and an all-time high of 314 TWh in demand for renewable electricity. Moreover, for the first time since 2011, there was a real balance between supply and demand.
The European demand for renewable electricity documented by Guarantees of Origin now constitute more than 10% of all electricity consumption in Europe (ca. 3,300 TWh) and more than one third of all electricity from renewable sources in Europe (ca. 900 TWh).
The above is a commentary based on figures published by AIB (Association of Issuing Bodies). Note that the German figures are somewhat understated for the years 2007 to 2013, due to the existence of a national system of renewable certificates that were not included in the figures of the AIB.
With a vision to "Change Energy Behaviour" ECOHZ is a leading supplier of a wide range of renewable energy solutions to electricity providers, businesses and organisations across Europe, North America and Asia. Renewable electricity is documented by Guarantees of Origin in Europe, RECs in the US, and I-RECs in selected Asian markets. ECOHZ also provides a new and innovative solution - GOÂ² - combining renewable energy purchases with the financing and building of new renewable power generation. Companies choosing documented renewable energy can reduce their carbon footprint and improve their sustainability ratings. ECOHZ is among the leading independent suppliers in Europe, and is located in Norway and Switzerland.