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
6.1 GW of extra wind energy capacity was installed in Europe in the first half of 2017, according to figures released today by WindEurope. The figure puts Europe on course for a bumper year for installations, although hides some worrying trends.
Wind energy together with clean hydrogen can play a vital role in decarbonising economies, WindEurope CEO Giles Dickson will tell delegates at the Gas Infrastructure Europe conference tin Prague.
The JRC Wind Energy Status Report 2016 presents key data on global market developments, technology trends and EU support to wind energy. The EU remains a global leader with 140GW wind energy capacity supplying our grid, representing about a third of world's wind power.
Wind accounted for 51% of all new power installations in 2016, connecting a total of 12.5 GW to the grid across the 28 EU Member States – 10.923 MW in onshore and 1,567 MW offshore.
WindEurope welcomes the European Commission’s commitment to invest €2 billion in clean energy research and innovation over the 2018-2020 period.
Costs for onshore wind energy will fall 15% while offshore wind could cut costs by half in the next five years, according to the latest report from the International Energy Agency.
The Wind Europe Summit 2016 took place from 27 to 29 September 2016 in Hamburg. The Summit was co-organised with the fair WindEnergy Hamburg. Both events brought together more than 30 0000 visitors, more than 1200 exhibitors with conference participants from both industry, research, and the public sector.