Iran war: Energy transition saves the European Union billions on fossil fuel imports

European Union member states could save €67 billion on gas imports through the expansion of solar power. Renewables are the main buffer against the fossil fuel price crisis. Germany, too, has yet to fully realize the potential savings.

14. May 2026
Ein Arbeiter steht mit einem Solarpaneel auf einem Dach
A worker carries a solar panel across a flat commercial roof in Mühlacker on March 2, 2026. Renewable energy makes Germany less vulnerable to energy price spikes. (picture alliance / imageBROKER | Manuel Kamuf)

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Last updated: 14. May 2026