The share of renewable energy in the EU increased to 46.9% in 2024

In 2024, 46.9% of all electricity in the European Union (EU) was generated from renewable sources. This indicates a steady increase in the use of clean energy and a gradual reduction in dependence on fossil fuels.

According to Eurostat press release, Denmark has become the leader in the share of green electricity among EU countries, with 88.4% of its electricity generation coming from wind farms. It is followed by Portugal (87.5%, wind and hydropower) and Croatia (73.7%, mainly hydropower).

Luxembourg (5.1%), Malta (15.1%), and the Czech Republic (15.9%) have the lowest share of renewable sources in the electricity generation structure.

The main sources of renewable energy in the EU remain wind and hydro generation, which provided more than two-thirds of all green electricity – 39.1% and 29.9%, respectively. Solar energy accounted for 22.4%, biofuels and other combustible waste accounted for another 8.1%, and geothermal energy accounted for only 0.5%.

Increasing the share of renewable energy is an important step towards achieving the EU’s climate goals and reducing greenhouse gas emissions.

In February 2025, the European Investment Bank (EIB) announced its intention to allocate €400 million for the design and construction of the Baltica 2 offshore wind farm in Polish waters, which will be the largest wind farm in the European Union at this time with a capacity of 1.5 GW.

In 2024, the EIB increased its financing for the green transition, climate action and environmental sustainability to €50.7 billion, which is 57% of the bank’s total financing last year.