WindEurope study finds a renewable-based energy system can save Europe €1.6 trillion

WindEurope’s latest study, in cooperation with Hitachi Energy, has found that a system powered by renewable energy is the cheapest form of power generation, even after accounting for grid, storage, and backup costs

WindEurope and Hitachi Energy have laid out the total system costs for five energy scenarios: four deliver net zero, and one ‘slow transition’ scenario in which Europe does not meet its climate targets.

Of these scenarios, those that rely more on nuclear, hydrogen, or CCS...