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An assessment of ECOHZ's preliminary statistics shows that European demand for renewable energy with a guarantee of origin (GO) increased by 11.
7% in 2019, 61 TWh more than in 2018, while the supply of GO increased by 3.
5%.
The rapid growth in demand has led to a reduced
oversupply of GO in 2019 than in previous years.
"If the current development continues into 2020, the market will experience a rebalancing
.
This may directly affect the price
.
ECOHZ Managing Director Tom Lindberg said
.
Hydropower is still the main source of GO in the market, but its share is decreasing
as wind and solar power grows.
In 2019, hydropower accounted for about 62% of GO supply in 2019, followed by wind at 22% and bioenergy at 9%, with solar's share at 5%.
Last year, GO's top three markets were Sweden, where demand grew 38% to 65 TWh; Demand grew by 26% in France and 10% in Germany, exceeding 100 TWh
for the first time.
The statistics come from the Association of Issuers (AIB), with new additions in 2019 including Serbia, Slovakia and Greece
.
This year, Portugal and Montenegro are expected to join the association
.
An assessment of ECOHZ's preliminary statistics shows that European demand for renewable energy with a guarantee of origin (GO) increased by 11.
7% in 2019, 61 TWh more than in 2018, while the supply of GO increased by 3.
5%.
The rapid growth in demand has led to a reduced
oversupply of GO in 2019 than in previous years.
"If the current development continues into 2020, the market will experience a rebalancing
.
This may directly affect the price
.
ECOHZ Managing Director Tom Lindberg said
.
Hydropower is still the main source of GO in the market, but its share is decreasing
as wind and solar power grows.
In 2019, hydropower accounted for about 62% of GO supply in 2019, followed by wind at 22% and bioenergy at 9%, with solar's share at 5%.
Last year, GO's top three markets were Sweden, where demand grew 38% to 65 TWh; Demand grew by 26% in France and 10% in Germany, exceeding 100 TWh
for the first time.
The statistics come from the Association of Issuers (AIB), with new additions in 2019 including Serbia, Slovakia and Greece
.
This year, Portugal and Montenegro are expected to join the association
.
