European PV avoided €10 billion in gas imports since escalation of Iran conflict

European photovoltaics have been instrumental in generating enough electricity since early March to avoid €10 billion in gas imports, with daily savings averaging €110 million. This increase in solar power generation is due to expanded photovoltaic capacity, reaching 65 GW in 2025. Renewable energy sources collectively met 46.4% of Europe's electricity demand in 2025, with wind and solar surpassing coal- and gas-fired power plants for the first time. The energy crisis triggered by Russia's invasion of Ukraine has cost the EU €1.7 trillion to date, highlighting the importance of investing in and expanding renewable energy sources to reduce reliance on fossil fuels.

https://www.pv-magazine.com/2026/05/21/european-pv-avoided-e10-billion-in-gas-imports-since-escalation-of-the-iran-conflict/