<
https://www.euronews.com/2026/07/16/solar-saved-europe-3bn-in-fossil-fuel-imports-in-march-which-country-is-leading-the-way>
"Solar power is sheltering Europe from the crippling costs of fossil fuel
imports, as the war on Iran continues to keep oil and gas prices sky-high.
Brent crude, which is used as the worldwide benchmark for oil prices, remains
particularly volatile due to Iran's stranglehold on the Strait of Hormuz, a
vital passage which usually carries around one-fifth of global oil supplies.
Yesterday (Wednesday 15 July) Brent crude was trading at $85 (approximately
€74) per barrel – a €10.47 increase compared to the day before the war began
(27 February). The benchmark Dutch TTF natural gas price has also surged since
conflict began by around €20 per MWh, according to today's trading.
However, new analysis by SolarPower Europe reveals that harnessing sunlight for
power saved Europe €20 billion between 1 March and 15 July by lowering demand
for gas imports.Over the 137-day period, solar delivered average savings of
€146 million per day. This is more than what France spends on defence each
day."
Via Susan ****
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
