The Fort Worth Press - European countries aim to boost wind energy production

USD -
AED 3.672798
AFN 65.999728
ALL 82.250421
AMD 381.506935
ANG 1.790403
AOA 917.000186
ARS 1450.230398
AUD 1.51215
AWG 1.8
AZN 1.705582
BAM 1.669612
BBD 2.015307
BDT 122.367966
BGN 1.66904
BHD 0.377022
BIF 2965
BMD 1
BND 1.291862
BOB 6.914156
BRL 5.519851
BSD 1.00061
BTN 90.277748
BWP 13.222922
BYN 2.935756
BYR 19600
BZD 2.012438
CAD 1.378045
CDF 2263.999667
CHF 0.79402
CLF 0.023233
CLP 911.410172
CNY 7.04125
CNH 7.03412
COP 3863.71
CRC 498.555129
CUC 1
CUP 26.5
CVE 94.449822
CZK 20.773396
DJF 177.71989
DKK 6.372505
DOP 62.549846
DZD 129.70444
EGP 47.5127
ERN 15
ETB 155.204788
EUR 0.852897
FJD 2.29175
FKP 0.746872
GBP 0.747265
GEL 2.689805
GGP 0.746872
GHS 11.524995
GIP 0.746872
GMD 73.497632
GNF 8684.999834
GTQ 7.663578
GYD 209.345507
HKD 7.780205
HNL 26.179942
HRK 6.4263
HTG 131.049996
HUF 330.746499
IDR 16696
ILS 3.208805
IMP 0.746872
INR 90.22775
IQD 1310
IRR 42125.00005
ISK 126.249953
JEP 0.746872
JMD 160.101077
JOD 0.709023
JPY 155.613996
KES 128.90203
KGS 87.450179
KHR 4009.999922
KMF 421.000349
KPW 899.993999
KRW 1476.205009
KWD 0.306901
KYD 0.833782
KZT 516.249648
LAK 21656.000557
LBP 89550.00024
LKR 309.584176
LRD 177.40991
LSL 16.734958
LTL 2.95274
LVL 0.60489
LYD 5.419924
MAD 9.174979
MDL 16.874536
MGA 4528.000066
MKD 52.517746
MMK 2100.057046
MNT 3547.602841
MOP 8.019874
MRU 39.759774
MUR 46.039771
MVR 15.460178
MWK 1738.000065
MXN 18.007931
MYR 4.083995
MZN 63.910216
NAD 16.740242
NGN 1457.880241
NIO 36.705413
NOK 10.160995
NPR 144.441314
NZD 1.731735
OMR 0.384416
PAB 1.000627
PEN 3.365997
PGK 4.24925
PHP 58.592001
PKR 280.249729
PLN 3.58615
PYG 6680.126517
QAR 3.641201
RON 4.341797
RSD 100.164267
RUB 79.923409
RWF 1452
SAR 3.750821
SBD 8.140117
SCR 14.802556
SDG 601.496955
SEK 9.280245
SGD 1.29024
SHP 0.750259
SLE 24.096241
SLL 20969.503664
SOS 571.49143
SRD 38.677967
STD 20697.981008
STN 21.2
SVC 8.755448
SYP 11058.365356
SZL 16.739731
THB 31.410505
TJS 9.240587
TMT 3.51
TND 2.904502
TOP 2.40776
TRY 42.727698
TTD 6.789428
TWD 31.54495
TZS 2490.00007
UAH 42.262365
UGX 3574.401243
UYU 39.209995
UZS 12025.000045
VES 279.213401
VND 26325
VUV 121.372904
WST 2.784715
XAF 559.97217
XAG 0.015299
XAU 0.000231
XCD 2.70255
XCG 1.803297
XDR 0.69494
XOF 557.999706
XPF 102.197729
YER 238.449614
ZAR 16.736545
ZMK 9001.201192
ZMW 22.76404
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    0.0000

    23.28

    0%

  • CMSC

    0.0300

    23.29

    +0.13%

  • RIO

    0.4400

    77.63

    +0.57%

  • AZN

    0.7500

    90.61

    +0.83%

  • BCC

    1.4100

    77.7

    +1.81%

  • GSK

    -0.4200

    48.29

    -0.87%

  • RELX

    0.0900

    40.65

    +0.22%

  • RYCEF

    0.6300

    15.4

    +4.09%

  • NGG

    -0.7700

    76.39

    -1.01%

  • RBGPF

    -1.7900

    80.22

    -2.23%

  • VOD

    -0.0100

    12.8

    -0.08%

  • JRI

    0.0000

    13.43

    0%

  • BCE

    -0.3000

    22.85

    -1.31%

  • BP

    -1.1600

    33.31

    -3.48%

  • BTI

    -0.1300

    57.04

    -0.23%

European countries aim to boost wind energy production
European countries aim to boost wind energy production / Photo: © POOL/AFP

European countries aim to boost wind energy production

Nine European countries were holding a summit 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:

Hosted by Belgium in the coastal town of Ostend, the meeting will gather the leaders of EU members France, Germany, Ireland, Denmark, the Netherlands and Luxembourg, with European Commission chief Ursula von der Leyen also attending.

Norway and Britain will participate, too, though the UK's energy minister was leading his delegation and not Prime Minister Rishi Sunak, who stayed in London on another engagement.

"We need offshore wind turbines -- and we need a lot of them," the leaders of the countries, including French President Emmanuel Macron, German Chancellor Olaf Scholz and Sunak, said in a joint op-ed published in Politico.

"We need them to reach our climate goals, and to rid ourselves of Russian gas, ensuring a more secure and independent Europe."

The collective goal, they said, was to boost offshore wind power generation to 120 gigawatts by 2030 -- from just 30 GW now -- and at least 300 GW by 2050.

The North Sea summit is the second one to be held, after the four countries in the inaugural gathering last year -- Belgium, Denmark, Germany and the Netherlands -- decided it was necessary to broaden cooperation.

They recognised this was "a massive undertaking" requiring "huge investments in infrastructure".

Belgian Prime Minister Alexander De Croo said ahead of the summit that it would be focused on "speed of execution" and standardising equipment to build the offshore wind farms faster and cheaper.

Around 100 bosses of companies in the wind turbine supply chain were also participating in the summit.

The leaders' op-ed emphasised the need to source expertise and parts from Europe rather than elsewhere.

"We need to make space for European value chains when it comes to green tech and diversify our sources of critical raw materials for wind turbines, batteries and the like," they said.

China currently dominates the supply of critical components such as rare earths, and the United States is heavily subsidising industry to onshore that sector.

"We are bolstering our energy security and sending a strong signal to (President Vladimir) Putin's Russia that the days of his dominance over global power markets are well and truly over," British Energy Security Secretary Grant Shapps said as he headed to the summit.

Security of the offshore installations was also a topic of the summit, given recent reports of a Russian spy ship in the North Sea and the sabotage of Nord Stream gas pipelines in the Baltic Sea in September 2022. A NATO official was taking part to discuss the topic.

- Industry criticism -

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

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

Current policy, aimed at getting to a carbon-neutral future in Europe, "is overly focused on technological breakthroughs, rather than actual scaling up of existing supply chains", WindEurope said in a statement.

It also criticised "uncoordinated market interventions, price caps and national clawback measures" that "deterred investments".

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 massive: the EU has calculated the cost of getting to 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.

The European Union recently set a goal to double the proportion of renewables in its energy mix, to 42.5 percent, notably by making it easier to get permits to install the infrastructure.

M.T.Smith--TFWP