As the new European Parliament and Commission take office following the EU elections in June, this autumn update outlines the latest data for wind energy in Europe and our expectations for the rest of the decade. Europe now has 278 GW of wind power capacity, with 242 GW onshore and 35 GW offshore. The EU-27 has 225 GW of wind power capacity. The EU is expected to build 22 GW of new wind farms annually from 2024 to 2030 but needs to build 33 GW annually to meet its 2030 climate and energy targets.
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.
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