A HowTo-List to reach the 2030 Goals.
The EU Commission today announced that it will launch an inquiry into Chinese suppliers of wind turbines under the new Foreign Subsidies Regulation. The announcement comes as Chinese wind turbine manufacturers are pushing hard and winning some orders in Europe. They offer cheap turbines and generous finance which distorts the integrity of the European market and disrupts fair competition.
The Energy Ministers of 8 Baltic Sea countries – Lithuania, Denmark, Estonia, Finland, Germany, Latvia, Poland and Sweden agreed the Vilnius Declaration, pledging closer collaboration to secure critical offshore energy infrastructure in the Baltic Sea region. This comes after the Russian invasion of Ukraine and various acts of sabotage to energy infrastructure in the Baltic Sea have created new security concerns. The signatories commit to deter possible malign activities against offshore and underwater infrastructure within NATO and EU.
Investments in wind energy in Europe more than doubled in 2023 compared to 2022, driven by record financing of offshore wind projects. An easing of inflationary pressures, greater certainty in electricity markets, and improved tariff indexation by Governments created a more favourable investment climate.
The EU built 17 GW of new wind energy in 2023, slightly up on 2022 – and more than ever in a single year in fact. But it’s not enough to reach the EU’s 2030 targets. The EU should be building 30 GW of new wind every year between now and 2030. The actions set out in the EU Wind Power Package and European Wind Charter will help increase the annual build-out – national implementation is key. Wind was 19% of all electricity produced in Europe’s last year.
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