Europe Invests Massive Sum in Wind Energy - But It's Still Not Enough

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“Europe wants more wind energy to deliver its climate and energy goals. The technology is available. So is the money. But the right policies are missing, notably on the permitting of new farms where rules and procedures are too complex," WindEurope's Giles Dickson says.

Official Press Release WindEurope:

Money pouring into wind energy despite COVID, but are there enough projects out there?

Wind Industry Profile of
Money pouring into wind energy despite COVID, but are there enough projects out there?

Europe invested €43bn in new wind farms in 2020, the second highest annual amount on record. The investments cover 20 GW of new capacity that will be built in the coming years, 13 GW of it in the EU. But this is much less than what Europe needs to deliver its 2030 climate and energy goals. The EU needs to build 27 GW of new wind energy a year to deliver its new 55% emission reduction target. The main problem is the slow rate of permitting of new wind farms. The money’s out there, but not enough new projects are coming through.

Europe confirmed €43bn of investments in new wind farms in 2020, the second highest amount on record and 70% up on 2019. €17bn was for onshore wind, covering 13 GW of new capacity.... ... More: Official Press Release WindEurope

WindEurope, financing, Europe, wind, offshore, wind farm, onshore, 2020, COVID-19, pandemic, turbine, GW, capacity, investment, capital

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