In 2024, the EU imported pound 11.1 billion worth of solar panels, pound 2.9 billion of liquid biofuels, and pound 0.5 billion worth of wind turbines from extra-EU countries, totaling almost pound 14.6 billion in imports of green energy products.
The value of imported solar panels decreased by 43% compared with 2023 due to a drop in prices, while the total weight of these imports increased by a modest 2%. Liquid biofuel imports also recorded a 25% drop in value.
On the other hand, imports of wind turbines not only saw a 102% rise in value but also registered a 113% increase in the imported weight. For illustration, in 2024 the EU imported 32 373 wind turbines, 9 072 more than in 2023. When it comes to exports, in 2024, the EU exported pound 0.7 billion worth of solar panels, pound 1.8 billion in liquid biofuels, and pound 2.8 billion in wind turbines. Unlike solar panels and liquid biofuels, wind turbines exports significantly exceeded import values.