With record temperatures being reached across the continent this summer, power plants have needed the intervention of renewables to compensate for serious shutdowns and curtailments over the summer months.
European countries gave their endorsement today to a binding EU-wide renewable energy target of 32% for 2030. They confirmed a deal on the Renewable Energy Directive, which negotiators from the Council and European Parliament reached on 14 June.
As negotiations on the EU’s Clean Energy Package reach crunch time, a lot is still up in the air for wind energy. With a critical Energy Council meeting on June 11 and a final meeting on June 13, where a deal is due to be struck on the Renewable Energy Directive, a key part of the Package, there has been headway on some points but others are still to play for.
WindEurope today launched a new “Local Impact, Global Leadership” toolkit that maps out the local economic benefits of wind energy.
Europe added a record 15.7 GW of new wind energy capacity in 2017, according to WindEurope’s annual onshore and offshore wind statistics released this week.
On Wednesday 13th December, WindEurope CEO Giles Dickson presented our flagship report ‘Local Impact, Global Leadership’ in the European Parliament in Strasbourg.
The European wind industry contributed €36bn to the EU’s GDP in 2016, supports 263,000 jobs and generated €8bn of exports outside of Europe.
By 2030 only 6% of Europe’s wind energy capacity will be unexposed to market risks through support schemes, down from 75% today. This means that the transition to auctions allocating renewable energy support comes with more exposure to price risk. One new way to address uncertainty on project revenues is hedging against volume risk.
Wind energy has the potential to provide up to 30% of Europe’s power by 2030 according to figures released today by WindEurope in its Outlook to 2020 and Scenarios for 2030 reports.
WindEurope welcomes the results of the latest UK Contract for Differences (CfD) auction announced by the Department for Business, Energy and Industrial Strategy, where offshore wind submitted record bids of £57.50 per megawatt hour including the costs of grid connection