Belgium broke its annual export record – Economic Policy

Belgium broke its annual export record – Economic Policy
Belgium broke its annual export record – Economic Policy

In 2021, Belgium broke its annual export record to neighbours. Our country has thus moved from the status of net importer to that of net exporter.

For five years, the current exchanged between Belgium and its neighbors has continued to increase. This rise comes from the increase in intermittent renewable production (it stimulates exchanges) but also from the establishment of new interconnections: Nemo with Great Britain and Alegro with Germany. In 2021, 36.7 TWh will be…

For five years, the current exchanged between Belgium and its neighbors has continued to increase. This rise comes from the increase in intermittent renewable production (it stimulates exchanges) but also from the establishment of new interconnections: Nemo with Great Britain and Alegro with Germany. In 2021, 36.7 TWh were therefore exchanged in both directions between Belgium and its neighbours. But last year, Belgium became a net exporter: +6.6 TWh. Indeed, it exported more than imported and, moreover, with 21.7 TWh, broke its own export record. This change in status is explained by the addition of new renewable production capacities alongside an existing efficient fleet. Indeed, after a year 2020 marked by reduced production following shutdowns and maintenance, the Doel and Tihange nuclear power plants operated almost at full capacity and supplied 52.4% of the total electricity produced in Belgium. , i.e. 48.1 TWh. This is 15 TWh more than last year. This increase in nuclear is at the expense of gas, whose production fell from 28.2 TWh in 2020 to 22.8 last year. As for renewables, its growth continues but at a slow pace: 15.4 TWh in 2021, an increase of 2%. It is mainly due to the increase in installed onshore (+11%) and solar (+17%) capacities. But it is above all the production of electricity from solar panels which has increased (+10%). Offshore remained stable in 2021. It should be noted that on May 21, the sum of solar and wind generation reached its absolute record with 6.42 GW. On that day, renewables covered more than half of Belgium’s electricity needs.

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