Study: Solar power boom has saved Europe $40bn since start of Iran war

clock • 3 min read
Credit: iStock
Image:

Credit: iStock

New data from SolarPower Europe shows surge in solar generation has slashed gas import costs, but industry warns more action is needed to cut Europe's fossil fuel bill for good

The rise in solar power has saved the European Union $40bn in gas import costs since the start of the Iran war, according to new data published today. Trade body SolarPower Europe released the new analysis,...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Author spotlight

Amber Rolt

Award-winning business journalist

View profile
More from Amber Rolt

'A huge opportunity': UK offshore wind supply chain could unlock £14.6bn by 2050

'UK's largest' electric truck charging hub opens in Leicestershire

More on Solar

Island Green Power secures approval for giant 500MW Green Hill solar and storage project
Solar

Island Green Power secures approval for giant 500MW Green Hill solar and storage project

When complete Northamptonshire solar farm is expected to produce enough electricity to power 200,000 homes

Amber Rolt
clock 09 October 2026 • 2 min read
Hertfordshire Leisure Centre slashes energy bills over 60 per cent with new solar storage system
Solar

Hertfordshire Leisure Centre slashes energy bills over 60 per cent with new solar storage system

New 130kWp DC‑optimised solar-plus-storage system forecasted to save the centre around £19,000 a year

Amber Rolt
clock 07 October 2026 • 2 min read
A permanent discount: Why solar and batteries deserve a frontline role in tackling fuel poverty
Solar

A permanent discount: Why solar and batteries deserve a frontline role in tackling fuel poverty

The government should act to lower the upfront cost of clean technologies in order to unlock immediate savings for vulnerable households - and get the UK off the fossil fuel rollercoaster - writes Jenn Humphries from the Centre for Net Zero

Jenn Humphries, Centre for Net Zero
clock 05 October 2026 • 4 min read