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Solar Energy Saves Europeans $135M a Day
Solar Energy Saves Europeans $135 Million A Day Support CleanTechnica's work through a Substack subscription or on Stripe. You would think the fighting in the Middle East and the closure of the Strait of Hormuz would be sending the price of oil and methane for power plants in Europe soaring, and cause the price people and businesses pay for electricity to increase. You would be right, except for one thing.
How solar has saved Europe €136 million per day since the start of the Iran war
A new analysis found that Europe’s existing solar fleet has already saved the continent billions in 2026. Solar is helping to rescue Europe from the crippling costs of fossil fuel imports, as the war on Iran continues to keep oil and gas prices sky-high. Brent crude, which is used as the worldwide benchmark for oil prices, remains particularly volatile due to Iran's stranglehold on the Strait of Hormuz, a vital passage which usually carries around one-fifth of global oil supplies.
Clean energy saved EU €51 billion in 2025 by cutting fossil fuel imports - as solar leads the way
Investing in renewables has also ensured greater energy security at a moment when the war on Iran is destabilising supplies and forcing up costs.
Solar power hits new milestones despite Trump’s effort to boost coal over clean energy
Solar power hits new milestones despite Trump’s effort to boost coal over clean energy The findings, supported by a report from the Solar Energy Industries Association and Wood Mackenzie, highlight solar’s continued growth and coal’s ongoing decline - Bookmark Solar power has reached unprecedented milestones in the United States, emerging as the leading source of new electricity generation, even as Donald Trump’s administration actively promotes coal. New data reveals that solar energy is...
‘Coal power has lost its status’: Solar power outstrips coal in US despite Trump's attacks
States won by Trump in the 2024 election accounted for 74 per cent of all solar capacity installed in the first quarter of 2026. Even as President Donald Trump boosts coal over clean energy, solar power is hitting new milestones in the US and remains the leading source of new power. Data released on 10 June by global energy think tank Ember, along with a report by the Solar Energy Industries Association (SEIA) and analytics firm Wood Mackenzie, show the continued growth of solar and decline...
Rise in solar panel sales as people 'want to save money'
Solar panel sales are increasing as consumers seek ways to reduce their energy costs. One director, for example, recently purchased 2,000 panels to help secure their company's future utility bills.
Renters could save $20bn on bills in a decade from rooftop solar and appliance upgrades – if landlords act
Research indicates that renters in Australia could save billions on energy bills over the next decade through upgrades like rooftop solar and appliance improvements. The Institute for Energy Economics and Financial Analysis (IEEFA) attributes this missed opportunity to a "split incentive," meaning landlords are currently unmotivated to implement these energy-saving measures.
‘Why do energy prices keep rising?’ and other questions for the Telegraph’s Money Advice Editor
Danielle Richardson weighs in on energy-saving devices, solar power and standing charges ahead of the price cap increase
Plug-in solar is soaring across Europe – but is it better than traditional rooftop panels?
Solar is helping rescue Europeans from the soaring cost of fossil fuels, but experts warn that energy bills may still increase due to the ‘rebound’ effect. Solar has been described as a “shining star” in Europe’s clean energy transition, cushioning households from volatile fossil fuel shocks. Amid the war on Iran, which has sent oil and gas prices skyrocketing, Europeans have been scrambling to gain energy independence.
A €100 billion queue: Why Europeans are waiting years for clean energy
Providing affordable clean energy to Europeans has become an “absolute obstacle course” due to the continent’s congested grid. More than €100 billion of renewables are stuck in Europe’s outdated energy grid, as communities across the continent wait years for solar panels and heat pumps. A new report by consulting group AFRY, commissioned by non-profit Beyond Fossil Fuels, found that a staggering 375 gigawatts (GW) of clean energy projects and 455 GW of battery storage projects are trapped in...