The stakes have never been higher for European renewables.

The imperative to grow the sector massively and rapidly has never been clearer, whether considered from a climate or geopolitical perspective. There has been some remarkable progress recently in terms of projects and policymaking. However, at the same time, developers, governments and regulators face an abundance of challenges, both old and new.

High and volatile fossil fuel prices following Russia’s military invasion of Ukraine make a strong long-term case for renewable energy, but in the short-term they risk diverting capital from renewable energy projects. And can Europe compete successfully for international renewable investment against the game-changing inducements being offered to developers and manufacturers by US federal and state governments following passage of the Inflation Reduction Act?

How are different national responses to the energy affordability crisis—including action on renewable generators’ “excess profits”—likely to affect the prospects for existing and new renewables projects? What are the latest developments on CfDs, capacity mechanisms and other forms of regulated financial support relevant to renewables? Where are the hottest markets for corporate PPAs? Where are the breakthroughs on the perennial trio of obstacles that continue to hamper renewable developments in too many markets—politics, permitting and inadequate access to grid infrastructure? How (and where) will Europe leverage its leading position in the development of electrolyzer technology into the massive growth in electrolyzer deployment that it needs to meet its 2025 and 2030 green hydrogen targets?

Our guide touches on all these topics—and more—reflecting the rich, complex and diverse European renewables landscape. Download the 2023 edition for snapshots of the current developments in 24 jurisdictions across Europe and Central Asia, an update on relevant EU policy and legislation, and sectoral insights from industry leaders.

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