(12 January 2022) To meet its goal of net zero greenhouse gas (GHG) emissions, Europe increasingly relies on wind energy. According to data from the European Network of Transmission System Operators for Electricity (ENTSO-E), in 2020 and 2021 wind energy generation accounted for an average of 16.3% of Europe's total electricity generation.
Though wind energy helps to reduce GHG emissions, the supply of wind energy available depends heavily on wind speed. And in the event of unfavorable weather conditions, the loss in wind energy supply has to be compensated for by an increase in electricity generated by burning natural gas and coal, which pushes up market prices for these fossil fuels. (The reverse is also true: ideal wind generation conditions lead to decreased fossil fuel power generation, pushing natural gas and coal prices down.)
Since wind energy generation has become an important leading indicator for European coal and natural gas market movements, Knoema has employed ENTSO-E data to create a daily electricity generation tracker for European countries.
This dashboard also includes total daily electricity generation for Europe and for individual countries in the region. When adjusted for working days and temperature, daily electricity generation can be used as leading indicator of economic activity.
*Sample includes 28 European countries for which ENTSO-E provides data since at least January 1, 2021.
The Energy Data Brief offers key statistics designed to help energy market watchers anticipate and respond to developments in the energy sector as well as changes in related industries and investments.
(20 December 2021) Europe, which aims to be the first climate-neutral continent by moving to a clean, circular economy, has increased its use of coal — the most carbon-intensive fossil fuel — to meet the growing demand for electricity. According to Eurostat monthly energy statistics, for January through September 2021 electricity generation by coal power plants saw a greater increase compared to the same period last year than electricity generation from other types of fuel. For the same period, wind and natural gas electricity generation declined because of unfavorable weather...
(17 December 2021) With the global energy transition gaining momentum, we've employed Knoema's public data repository to rank leading economies by their energy transition progress. Knoema’s Global Energy Transition Ranking is based on four indicators: all-electric car stock, using a dataset from the International Energy Agency; wind and solar electricity capacity data, from the International Renewable Energy Agency; and net change in CO2 emissions from fossil fuels combustion between 2010 and 2020, from Global Carbon Atlas. The U.S. is leading the global energy transition. It has...
(04 October 2021) China's economy has quickly recovered from the coronavirus crisis and is expected to grow between 7% and 8% in 2021 due to recovery of global trade, expansionary monetary policy, and increase in government spending. However, the rapid growth of the economy not only creates income and jobs, but can also lead to a shortage of resources. Strong economic growth in China translated into high demand for electricity, 57% of which is generated by coal power plants. In January-August 2021, China's total electricity output and thermal power* generation increased by a record...
(24 December 2021) While many countries have started to phase out nuclear power generation under the pressure of safety concerns raised by the 2011 Fukushima accident, many Asian and Middle East countries have ambitious plans to substantially increase their nuclear power generation capacity. According to the latest data from the World Nuclear Association, the total capacity of proposed and planned nuclear reactors in Asian* countries reaches 301 Gigawatts, which is nearly twice the capacity of operable reactors and reactors currently under construction. For the Middle East this...
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