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Wood Mackenzie|www.woodmac.com
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Europe’s power grid will go beyond 80%zero-carbon generation by 2030. It will still miss its flagship renewables target by the exact same date, however will ultimately speed up over the coming years, broadening power need by 66%by 2050. That space in between development and aspiration sits at the centre of Wood Mackenzie’s Europe Power Markets Strategic Planning Outlook 2026, covering 35 nationwide markets through 2060.
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Need recuperates, however the timing improves financial investment top priorities
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The shift does not unfold uniformly. Overall power need reaches 4,103 TWh by 2030, 11%above 2025 levels, in the past reaching 6,152 TWh by 2050, a 66 %boost. Near term, information centres are the main chauffeur. From the 2030s, falling electrical power rates move the economics of electrification and a brand-new development wave takes control of.
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Electric automobile adoption speeds up underpinned by restrictions on brand-new sales of internal combustion automobiles as EV intake grows from 39 TWh in 2025 to 577 TWh by 2050, a 15-fold boost. On-grid hydrogen scales from near no to 417 TWh over the very same duration. Heatpump need broadens more than fivefold by 2060, however high in advance expenses and damaging electricity-to-gas rate ratios indicate most markets disappoint nationwide targets.
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Northern Europe tape-records the greatest outright need development at 81 %by 2050. Southern Europe routes at 52%. Total need relaxes 2%lower than Wood Mackenzie’s previous projection as heat and hydrogen electrification lag, though threat runs both methods: geopolitical unpredictability and product rate headwinds might slow load development, while extended nonrenewable fuel source interruption might accelerate it and activate extra policies to speed up decarbonization.
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Quick supply development still disappoints policy targets
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Solar PV capability almost doubles to 637 GWac by 2030, including around 61 GW each year. Onshore wind includes 17 GW each year to reach 346 GW. Offshore wind grows to 73 GW by 2030 before speeding up to 148 GW by 2035, though supply chain pressures and financier unpredictability have actually postponed its trajectory. Renewables reach 65%of supply throughout the 35 markets by 2030 and 83 %by 2050. On an EU27 basis, the 2030 share stands at 63.7%, listed below both the Fit-for-55 target of 65% and the REPowerEU objective of 69%.
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Battery storage more than triples from 47 GW to 163 GW by 2030, among the biggest near-term capital release chances in the European energy sector. Germany, the UK, Italy and Poland represent over half that development. Load development from the 2nd half of the 2030s will offer day-ahead cost assistance, providing relief to sustainable possession owners browsing low capture rates as solar expands. Curtailment dangers will increase where grid facilities lags capability additions.
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Gas runs greater than the previous projection, before its long decrease
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