Europe Could Attract $417 Billion With Higher Wind-Power Target

Jess Shankleman for Bloomberg Technology:  Europe’s wind power industry may attract 351 billion euros ($417 billion) of investment by 2030 if countries adopt reforms and targets for their energy systems in the next year, trade association WindEurope said.

The European Union may create 716,000 jobs with a target for member states to produce 35 percent of their energy from renewables within 12 years, the Brussels-based group said in a biannual report setting out scenarios for the industry.

Wind power currently supplies about 10 percent of Europe’s electricity, and falling costs of technology are making it an increasingly viable alternative to fossil fuels, the group said. Even offshore wind, once the most expensive form of mainstream renewables, saw zero-subsidy contracts awarded in Germany this year.

“It is a realistic goal but it depends on how fast energy reform takes place,” Ivor Catto, chief executive officer of RES Group and chairman of WindEurope, said before the report was released on Tuesday. “The technology is moving apace.”  Full Article:

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

SOLTEC – SF8 SINGLE-AXIS TRACKER

SOLTEC - SF8 SINGLE-AXIS TRACKER

Under the slogan "engineered for greatness", the SF8 tracker aims to revolutionize the photovoltaic market with its new minimum 2x60 configuration and 4 to 6-strings. This tracker is elegantly designed while it reinforces its structure to perform in any terrain. In addition, the SF8 tracker increases the rigidity of its structure by 22% more than the previous generation of Soltec trackers, the SF7. The SF8 is specially designed for larger 72 and 78 cell modules, an increasing market trend.