The benefits of renewables for energy security are clear: they can diversify the energy mix and sources of supply, they often localise energy production and reduce import requirements and costs, they have less complex supply chains in many cases and fuel-free technologies, such as wind and solar power, reduce long-term price volatility. In OECD Europe, the growth in renewables since 2005 has compensated for the reduction in domestic gas production and is expected to continue to do so in the coming years. This trend helps to limit Europe’s import dependency and provides a more diversified energy supply.

Source: Next Generation Wind & Solar Power 2016

20 December 2016