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    Home > Chemicals Industry > International Chemical > In the next five years, Europe will add 258 GW of wind power capacity

    In the next five years, Europe will add 258 GW of wind power capacity

    • Last Update: 2022-12-28
    • Source: Internet
    • Author: User
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    Europe's installed wind capacity will increase to 258 GW within five years, accounting for about a quarter
    of global production.

    "European wind project developers will install an average of 17 GW of capacity per year over the next five years, equivalent to 17 nuclear reactors," Wind Europe, the European wind power association, said in its 2022 outlook report.

    Thanks to policies conducive to attracting investment and subsidizing the tender process, European countries have been world leaders
    in wind power facilities.
    Success in reducing the cost of producing renewable energy has prompted some countries to introduce subsidy-free contracts
    on some tenders.

    While several unsubsidized projects have been approved, they are not the norm
    yet.
    Since April 2017, Europe has secured six subsidy-free bids
    for offshore wind in the Netherlands and Germany.

    France last week secured 118 megawatts of wind capacity in a second tender for onshore projects, less than a quarter
    of what was planned to be built.
    For wind investors in a country that has made significant commitments to green energy and climate, this is a sign of
    potential problems.

    According to the European Wind Association, Germany, Britain, France, Spain and the Netherlands will account for 62%
    of the total capacity addition.
    After adding five new wind farms in the first half of the year, the UK accounted for 81%
    of new offshore wind capacity in Europe over the same period.

    Europe's installed wind capacity will increase to 258 GW within five years, accounting for about a quarter
    of global production.

    Wind power

    "European wind project developers will install an average of 17 GW of capacity per year over the next five years, equivalent to 17 nuclear reactors," Wind Europe, the European wind power association, said in its 2022 outlook report.

    Thanks to policies conducive to attracting investment and subsidizing the tender process, European countries have been world leaders
    in wind power facilities.
    Success in reducing the cost of producing renewable energy has prompted some countries to introduce subsidy-free contracts
    on some tenders.

    While several unsubsidized projects have been approved, they are not the norm
    yet.
    Since April 2017, Europe has secured six subsidy-free bids
    for offshore wind in the Netherlands and Germany.

    France last week secured 118 megawatts of wind capacity in a second tender for onshore projects, less than a quarter
    of what was planned to be built.
    For wind investors in a country that has made significant commitments to green energy and climate, this is a sign of
    potential problems.

    According to the European Wind Association, Germany, Britain, France, Spain and the Netherlands will account for 62%
    of the total capacity addition.
    After adding five new wind farms in the first half of the year, the UK accounted for 81%
    of new offshore wind capacity in Europe over the same period.

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