Renewables: Europe on track to reach its 20% target by 2020
Europe as a whole is performing well in its deployment of renewables. In 2011, renewables generated 21.7% of the EU's electricity; three years later, this figure has reached 27.5%, and it is expected to climb to 50% by 2030. The EU's initial efforts in promoting the use of renewables facilitated this continued growth which resulted in lowered renewable costs: the prices of photovoltaic modules fell by 80% between the end of 2009 and the end of 2015. Renewables have now become cost-competitive, and sometimes even cheaper than fossil fuels.