Solar power could save Europe as much as €100 million a day - techbuzzireland.com

Solar power could save Europe as much as €100 million a day

In today’s global energy landscape, businesses are facing rising costs and volatility. The European Trade Union Confederation (ETUC) has reported a 50% average increase in energy costs this year, while oil and gas prices have also climbed 50% since last year, and have almost doubled compared to the previous month. As of March 2026, the average industrial (C&I) electricity price in the EU is estimated to be approximately €0.15–€0.18 per kWh (150–180 €/MWh), with industrial electricity prices remaining 2-3 times higher than those in the US or China.

Supply chain disruptions and geopolitical tensions are adding further uncertainty, putting operational stability and profitability at risk. In this context, securing a stable, predictable, and affordable energy source has never been more critical.

Wewise, a collective of B2B renewable energy specialists part of DCC, is demonstrating how solar energy provides a powerful solution, delivering consistent, cost-effective power that protects businesses from market fluctuations and rising energy costs:

 

1) Long-term cost stability through smart investment and financing

 

While the initial cost of solar can still hold many SMEs back, it’s important to look beyond the short term. Solar energy delivers immediate and long-lasting savings by reducing energy bills and limiting exposure to an increasingly volatile grid. Today, innovative financing solutions remove the need for upfront investment altogether.

With a Corporate Power Purchase Agreement (CPPA), businesses can access solar energy at a fixed, competitive rate over time, without owning the infrastructure. This allows them to stabilise their energy costs, protect against price fluctuations, and turn what was once seen as a financial barrier into a clear, strategic advantage.

2) Consistent, predictable power through smart solar storage

Solar energy combined with batteries offers businesses a reliable, round-the-clock solution by intelligently managing energy use to deliver consistent, cost-effective power. During low-cost, off-peak hours at night and early morning, batteries charge using grid power, preparing to supply energy during expensive, high-demand periods.

Throughout the day, solar panels generate peak energy to power your business and recharge batteries, reducing dependence on the grid. Even under cloudy conditions and in countries that don’t get a large amount of sun, solar continues to produce valuable savings. As evening demand spikes, stored energy is discharged to offset costly grid electricity, lowering bills and potentially generating additional income. This continuous, intelligent cycle empowers businesses to achieve energy certainty and financial resilience despite market volatility.

3) Durable, long-lasting technology for a reliable energy supply

Durability and reliability are critical when securing businesses’ energy future. Concerns about the lifespan of solar panels often deter them from committing to these solutions, but modern advancements have transformed solar technology into a durable, long-lasting investment.

Today’s high-quality panels are engineered with robust materials and backed by warranties of 25 years as standard, with some even offering 30 years, highlighting their proven reliability. This durability ensures businesses benefit from a dependable energy source that delivers consistent performance and significant cost savings over the long term, providing stability in an unpredictable energy market.

“In today’s unpredictable energy market, where wholesale electricity prices in Europe have surged over 50% since March, solar energy stands out as a dependable and cost-effective solution for businesses. Amid the Middle East conflict, solar power could save Europe as much as €100 million a day. At Wewise, we’re dedicated to helping European SMEs reduce dependency on the grid as well as energy markets, stabilise their energy expenses and achieve lasting savings in addition to paving the way for a more sustainable energy future,” explains Judy te Breuil, Head of Business Development, Wewise.

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Jim O Brien/CEO

CEO and expert in transport and Mobile tech. A fan 20 years, mobile consultant, Nokia Mobile expert, Former Nokia/Microsoft VIP,Multiple forum tech supporter with worldwide top ranking,Working in the background on mobile technology, Weekly radio show, Featured on the RTE consumer show, Cavan TV and on TRT WORLD. Award winning Technology reviewer and blogger. Security and logisitcs Professional.

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