The Fort Worth Press - European summit looks to boost wind energy production

USD -
AED 3.6725
AFN 63.999856
ALL 83.297254
AMD 377.390194
ANG 1.790083
AOA 916.99998
ARS 1394.554799
AUD 1.420636
AWG 1.8
AZN 1.676996
BAM 1.696352
BBD 2.017025
BDT 122.885307
BGN 1.709309
BHD 0.377589
BIF 2970
BMD 1
BND 1.278723
BOB 6.920298
BRL 5.262897
BSD 1.001487
BTN 92.872847
BWP 13.580798
BYN 3.052406
BYR 19600
BZD 2.014155
CAD 1.372539
CDF 2270.000094
CHF 0.79234
CLF 0.023189
CLP 915.629821
CNY 6.87305
CNH 6.896165
COP 3706.06
CRC 467.742425
CUC 1
CUP 26.5
CVE 97.049706
CZK 21.344602
DJF 177.720249
DKK 6.516155
DOP 60.049918
DZD 132.620027
EGP 52.342902
ERN 15
ETB 156.999882
EUR 0.872031
FJD 2.221803
FKP 0.749449
GBP 0.753495
GEL 2.715024
GGP 0.749449
GHS 10.90497
GIP 0.749449
GMD 74.000226
GNF 8779.999887
GTQ 7.671558
GYD 209.520258
HKD 7.83725
HNL 26.569773
HRK 6.568903
HTG 131.24607
HUF 343.149029
IDR 17045.9
ILS 3.10005
IMP 0.749449
INR 93.290799
IQD 1310
IRR 1315000.00013
ISK 124.87016
JEP 0.749449
JMD 157.249479
JOD 0.708962
JPY 159.748036
KES 129.550334
KGS 87.449732
KHR 4010.000108
KMF 427.999847
KPW 899.9784
KRW 1500.430038
KWD 0.30666
KYD 0.834501
KZT 483.111229
LAK 21449.999846
LBP 89537.026148
LKR 311.844884
LRD 183.349751
LSL 16.820057
LTL 2.95274
LVL 0.60489
LYD 6.380477
MAD 9.37375
MDL 17.460159
MGA 4169.99987
MKD 53.768412
MMK 2100.10344
MNT 3571.101739
MOP 8.084959
MRU 40.120577
MUR 46.509644
MVR 15.460447
MWK 1736.000022
MXN 17.843802
MYR 3.935503
MZN 63.89611
NAD 16.820167
NGN 1355.530155
NIO 36.719893
NOK 9.601885
NPR 148.591748
NZD 1.72353
OMR 0.384488
PAB 1.001483
PEN 3.4275
PGK 4.30275
PHP 60.129681
PKR 279.302598
PLN 3.72725
PYG 6472.539624
QAR 3.644039
RON 4.440402
RSD 102.427051
RUB 83.867736
RWF 1459
SAR 3.75469
SBD 8.04524
SCR 14.436392
SDG 600.999742
SEK 9.40364
SGD 1.28295
SHP 0.750259
SLE 24.649971
SLL 20969.510825
SOS 571.501128
SRD 37.375017
STD 20697.981008
STN 21.5
SVC 8.762663
SYP 110.58576
SZL 16.820065
THB 32.793369
TJS 9.578717
TMT 3.5
TND 2.917501
TOP 2.40776
TRY 44.316099
TTD 6.788466
TWD 32.046199
TZS 2603.730034
UAH 44.042968
UGX 3767.67725
UYU 40.557008
UZS 12174.999564
VES 450.94284
VND 26310
VUV 119.592862
WST 2.733704
XAF 568.900934
XAG 0.013129
XAU 0.000207
XCD 2.70255
XCG 1.80488
XDR 0.70688
XOF 566.498164
XPF 103.8992
YER 238.57502
ZAR 16.965204
ZMK 9001.200819
ZMW 19.583865
ZWL 321.999592
  • RBGPF

    0.1000

    82.5

    +0.12%

  • RIO

    -2.0800

    87.72

    -2.37%

  • RYCEF

    -0.1800

    16.6

    -1.08%

  • JRI

    -0.1370

    12.323

    -1.11%

  • RELX

    -0.4300

    33.86

    -1.27%

  • CMSD

    0.0100

    22.89

    +0.04%

  • BCC

    -1.0800

    71.84

    -1.5%

  • VOD

    -0.3800

    14.37

    -2.64%

  • NGG

    -3.0200

    87.4

    -3.46%

  • CMSC

    -0.1200

    22.83

    -0.53%

  • BCE

    -0.2600

    25.75

    -1.01%

  • BTI

    -2.4600

    58.09

    -4.23%

  • GSK

    -1.3500

    52.06

    -2.59%

  • AZN

    -2.8700

    188.42

    -1.52%

  • BP

    0.7600

    44.61

    +1.7%

European summit looks to boost wind energy production
European summit looks to boost wind energy production / Photo: © POOL/AFP

European summit looks to boost wind energy production

Nine European countries held a summit on Monday aimed at scaling up wind power generation in the North Sea, spurred by the fallout of the Ukraine war and the push for renewables.

Text size:

"We've seen over the past months what the impact is if you are too dependent on outsiders for the supply of energy," said Belgian Prime Minister Alexander De Croo, hosting the meeting in the coastal town of Ostend.

The leaders of EU members France, Germany, Ireland, Denmark, the Netherlands and Luxembourg, along with European Commission chief Ursula von der Leyen, attended the summit.

Norway and Britain also participated, with the latter represented by UK Energy Security Secretary Grant Shapps.

In a joint op-ed published in Politico, the leaders of the nine nations emphasised the need to build more offshore wind turbines "to reach our climate goals, and to rid ourselves of Russian gas, ensuring a more secure and independent Europe".

Several leaders pointed to the need also to ensure security of offshore wind farms and their interconnectors, in the wake of recent reports of a Russian spy ship in the North Sea and last year's sabotage of the Nord Stream gas pipelines in the Baltic Sea.

De Croo said North Sea infrastructure, including turbines and undersea cables "are prone to sabotage or to espionage" and the topic was "an extremely important one" at the summit.

The summit's collective goal, stated by all the leaders, is to boost offshore wind power generation to 120 gigawatts by 2030 -- from just 30 GW today -- and at least 300 GW by 2050.

They recognised the size of the task requires massive investment, and that standardising equipment is needed to bring down costs and timescales.

A key point, hammered by French President Emmanuel Macron, is to ensure the supply chain for the push for more North Sea wind power is anchored in Europe, rather than elsewhere, and that the jobs created are there.

"We want to secure our industrial chain, because it's important to deploy this offshore wind power but we don't want to repeat the errors we've sometimes committed in the past, of deploying equipment made on the other side of the world," he said.

The comment appeared to be directed at China, which currently dominates the supply of critical elements, such as rare earths. The European Union is seeking to shift away from that reliance on China by bolstering its own industries.

German Chancellor Olaf Scholz said the "very important" summit underscored the potential to greatly expand renewable energy from the North Sea.

- Industry criticism -

WindEurope, the federation representing Europe's wind energy industry, believes the summit's ambitions are achievable.

But it highlighted a lack of "adequate funding mechanisms" and recruitment in the sector.

The organisation says Europe needs to build the offshore infrastructure to add 20 GW in output per year, yet the sector currently has capacity for just seven GW annually, with supply chain bottlenecks for cables, substations and foundations, and in the availability of offshore wind vessels.

Investment to get Europe where it wants to be is huge: the EU has calculated the cost of reaching 300 GW in offshore energy production by 2050 at 800 billion euros ($900 billion).

Britain has the biggest fleet of offshore wind farms, 45 of them, currently producing 14 GW, with plans to expand capacity to 50 GW by 2030.

Germany's 30 wind farms produce eight GW, followed by the Netherlands with 2.8 GW and Denmark and Belgium both with 2.3 GW.

The other participating countries produce less than a gigawatt from their existing installations but share ambitions to greatly ramp up wind energy capacity.

F.Garcia--TFWP