European electricity market: fossil generation falls to 25% (31% in Q1 2023).

Figures for the European electricity market show considerable progress in the clean energy transition with 46% of Q1 2024 electricity production generated by renewables, with fossil generation falling significantly to 25% (relative to 40% and 31% respectively in Q1 2023). The first quarter of 2024 was marked by a continuation of positive market fundamentals that supported lower wholesale electricity prices. […]