EU inches closer to 2030 wind power goal: report
![EU inches closer to 2030 wind power goal: report](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/02/19591.jpg)
The European Union is on track to achieve its wind power goal for 2030, thanks to increased investment and better-permitting processes, according to a report from an industry association released on Tuesday.
WindEurope‘s projection for the sector suggests the EU will add an average of 29 gigawatts (GW) of wind capacity annually, reaching a total installed capacity of 393 GW by 2030. To meet the EU’s climate objectives, 33 GW of capacity must be installed annually.
WindEurope CEO Giles Dickson said, “Permitting has improved thanks to new EU rules. Investments are up. Record volumes are being auctioned and built. And governments have committed with the Wind Power Package and Charter to strengthen Europe’s wind energy industry.”
Also read: Wind energy beats gas in Europe for the first time, lowers carbon emissions
Investments in new capacity rose last year because of reduced inflation and other factors like the European Commission’s wind power package announced in October, which aimed to bolster the industry.
The report noted that investment in offshore wind reached 30 billion euros ($32.52 billion) last year, a significant increase from 0.4 billion euros in 2022.
“Europe’s wind supply chain is returning to profit and building the new factories needed to deliver the EU’s targets. We’re now confident that we can get close to the EU goal that wind is 35% of electricity by 2030, up from 19% today – provided Europe accelerates the build-out of grids to connect all the new wind farms,” Dickson added.
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