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Jul 2026
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Net Importers and Exporters: European Renewable and Nuclear Guarantees of Origin Market Dynamics

Importing a Guarantee of Origin refers to receiving a GO that was produced in another country. Exporting a Guarantee of Origin means the opposite: transferring a certificate away from its registry of origin into another country’s registry.

As per AIB renewable and nuclear certificate data, certain countries import more GOs than they export, which makes them net importers, and vice versa for net exporters. This is an important read on geographic premiums and market pockets, because long-standing net imports can show where GO demand exceeds domestic issuance.

The following map and tables reflect AIB renewable and nuclear certificate data. They are updated whenever new data arrives, and give an orderly breakdown of net importers and exporters in the European Guarantee of Origin market. This batch shows net trades in the 12 months running up to June 2026, as per AIB data.

Net trade map: renewable + nuclear certificates

Map of European net importers and exporters for renewable and nuclear Guarantees of Origin, based on AIB data to June 2026.

Net importers: renewable + nuclear certificates

Country Total imports Total exports Net balance +
Germany 220 TWh 43.8 TWh +176 TWh
Netherlands 75.0 TWh 39.6 TWh +35.4 TWh
Italy 77.1 TWh 55.4 TWh +21.7 TWh
Belgium 59.7 TWh 44.7 TWh +15.1 TWh
Ireland 16.6 TWh 2.48 TWh +14.1 TWh
Switzerland 13.9 TWh 4.64 TWh +9.31 TWh
Luxembourg 4.00 TWh 0.37 TWh +3.62 TWh
Austria 20.0 TWh 17.2 TWh +2.74 TWh
Czechia 8.16 TWh 7.44 TWh +0.72 TWh
Serbia 0.21 TWh 0.14 TWh +0.07 TWh

Net exporters: renewable + nuclear certificates

Country Total imports Total exports Net balance -
Norway 428 TWh 561 TWh -132 TWh
Sweden 55.5 TWh 86.4 TWh -30.9 TWh
France 86.4 TWh 112 TWh -25.4 TWh
Spain 21.7 TWh 44.0 TWh -22.3 TWh
Portugal 12.5 TWh 31.6 TWh -19.1 TWh
Iceland 4.50 TWh 16.7 TWh -12.2 TWh
Finland 43.5 TWh 55.6 TWh -12.1 TWh
Denmark 30.5 TWh 41.7 TWh -11.3 TWh
Slovakia 5.48 TWh 16.2 TWh -10.7 TWh
Hungary 5.00 TWh 12.0 TWh -7.00 TWh
Croatia 0.94 TWh 6.69 TWh -5.74 TWh
Slovenia 2.57 TWh 4.30 TWh -1.73 TWh
Estonia 3.62 TWh 5.32 TWh -1.71 TWh
Latvia 0.74 TWh 2.28 TWh -1.54 TWh
Greece 10.2 TWh 10.7 TWh -0.51 TWh
Lithuania 3.46 TWh 3.64 TWh -0.18 TWh
Cyprus 16.3 GWh 22.4 GWh -6.16 GWh

Be sure to bookmark this page and check back in a few months. Whenever AIB data is posted, the content on this page will be updated.

For more information about how market intelligence, procurement automations and portfolio management can influence your Guarantee of Origin strategy, book a demo to chat with a member of our team.

Oliver Bonallack
Growth Marketing Lead
Oliver Bonallack LinkedIn

Oliver Bonallack is Growth Marketing Lead at Soldera. His writings focus on Energy Attribute Certificates (EACs) and Guarantees of Origin (GOs). He has a background in venture analysis and public policy, with a First Class BSc in Politics & International Relations from the University of Bristol alongside top performance in the Venture Institute and the Terra.do Climate Fellowship. His climate and energy experience includes building AI-first workflows for registry operations and investing in climate technology startups via Collective VC and Team Ignite Ventures. His day-to-day work focuses on compliance and registry ops, market data and policy research, content and GTM systems, and automation across renewable certificate processes

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