Ending Europe’s dependence on imported fossil fuels requires continued deployment of renewable energy at scale. Solar energy is already contributing to Europe’s energy security and competitiveness, having saved more than €16 billion in avoided gas import costs since the outbreak of the energy crisis, with further savings continuing to grow.
Joint Statement Calling for a 60% EU Renewable Energy Target by 2040
Read the joint letterRecent EU policy initiatives recognise the scale of the transformation required, including objectives to deploy 100 GW of renewable electricity annually and reach 200 GW of energy storage capacity by 2030. To maintain this momentum, the post‑2030 framework must provide clear direction.
The letter stresses that long-term predictability, sustained ambition and continuity in EU legislation are essential to maintain investor confidence and enable investment decisions. A binding 2040 renewable energy target is identified as a key element to provide this certainty and allow industry and supply chains to plan deployment at scale.
The signatories also highlight the progress already achieved under the Renewable Energy Directive, with solar and wind generating a record 30% of EU electricity in 2025, surpassing fossil power for the first time.
Alongside the 2040 target, the letter outlines additional priorities including the implementation of existing EU energy legislation, tracking of key system enablers such as electrification and flexibility, and support for renewable self‑consumption.
The decisions taken in the coming years will determine whether Europe continues to scale renewable energy deployment, strengthen its energy security, and support industrial competitiveness.
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