Europe spent €27.5bn in new wind energy developments in 2016


Europe spent €27.5bn in new wind energy developments in 2016

wind energy records

 

As reports roll in with 2016’s wind energy numbers, different organizations have been announcing the strong developments of the wind industry over the past year.

 
According to WindEurope, Europe added €27.5bn in new wind energy investments and added roughly 12.5 GW of capacity with 10.923 MW in onshore and 1,567 MW in offshore.
 
Wind energy also accounted for 51% of all new power installations across 28 European Union States, and according to WindEurope’s press release: Five Member States had a record year: France, the Netherlands, Finland, Ireland and Lithuania. Renewables altogether accounted for 86% of new EU power plant installations in 2016 – 21.1GW of 24.5 GW.
 
Chief Executive Officer of WindEurope, Giles Dickson said:
“Wind energy is now a mainstream and essential part of Europe’s electricity supply. It is also a mature and significant industry in its own right, now providing 330,000 jobs and billions of euros of European exports.”
 
“With all the talk about the transition to low-carbon, things should be looking good long-term for the wind industry in Europe. But they’re not. Government policy on energy across Europe is less clear and ambitious than it was a few years ago.  Only 7 out of 28 EU Member States have targets and policies in place for renewables beyond 2020.  The transition from feed-in tariffs to auctions has been less smooth than we hoped.  We still have dysfunctional electricity markets that are not fit for renewables.  And we’re lacking long-term price signals to support investment.”
 
“We saw strong expansion in Germany in 2016 but growth remains uneven geographically.  Over half the Member States invested nothing in wind energy last year. Policy is key, especially when we look at the longer term. The Member States also need to start defining in their National Energy and Climate Plans how they will deliver the transition at national level. The Clean Energy Package is the blueprint for this. The Council and the European Parliament need to start working seriously on the Commission’s proposals.”

 

We hope to see continued growth into the future, as more countries and officials realize the benefits of this amazing source of energy.

 

Posted By Sally on February 16, 2017 | 0 Comment

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