Renewables
Renewables on the back burner in future?
OMV CEO Alfred Stern: "Renewable energies will not replace gas in the EU any time soon."
9/23/2025
The European economy will continue to rely on imported natural gas for decades to come as the switch to solar and wind energy will take longer than predicted, according to the CEO of a major European energy company, OMV AG.OMV assumes that gas will play a key role in electricity generation and industrial heat production until at least 2050, said…
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