Targets for renewables
European targets
By the end of 2008, the EU revised its target for the increased use of Renewable Energy Sources (RES). 20% of energy consumption within the EU should be supplied from renewable energy sources by 2020 (up from 6% in 1997).
To increase the percentage of electricity from renewable sources, many European countries have adopted economic support systems designed to favour renewable electricity generation.
Targets for renewable electricity generation in different Vattenfall countries:
|
Renewable |
Target for 2020 |
|
|---|---|---|
|
Denmark |
17% |
30% |
|
Finland |
28,5% |
38% |
|
Germany |
5,8% |
18% |
|
Poland |
7,2% |
15% |
|
Sweden |
39,8% |
49% |
|
Netherlands |
2,4% |
14% |
|
United |
1,3% |
15% |
Vattenfall aspires to take a leading role in renewable energy generation where the ecological, technical and commercial conditions exist. By positioning ourselves at the forefront and driving development, we can contribute to ecologically and economically sustainable development.
The renewable energy sources used by Vattenfall are wind power, hydro power and biomass. However, we are also engaged in ongoing projects on ocean energy and solar energy.
Vattenfall’s board has decided that the company should focus on projects that will make it possible for Vattenfall to increase renewable electricity generation in the Nordic countries by approximately 10 TWh by 2016 compared with 2002 levels. The goal of these investments is to achieve 8 TWh of electricity from wind power, corresponding to the electricity needs of 1.6 million homes.
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