The energy transition is rapidly accelerating throughout the world and in Europe in particular. In December 2019, the European Council endorsed the objective of the European Union achieving complete climate neutrality by 2050, while the United Kingdom set similar goals. As the year 2020 unfolded with historic and life-changing events, many thought that the effort would be undermined. The opposite is in fact happening and the pace of the green revolution increased. It will be one of the pillars of recovery.
In particular, ever more electricity will be generated from onshore and offshore wind sources, and from photovoltaic power plants. Europe is well positioned for that. Strong R&D and manufacturing sectors, skilled labour, the rule of law and, last but not least, favourable weather conditions for RES, make investments attractive.