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    Home > Chemicals Industry > International Chemical > In 2018, the cumulative investment in the European wind power industry reached 65 billion euros

    In 2018, the cumulative investment in the European wind power industry reached 65 billion euros

    • Last Update: 2023-01-01
    • Source: Internet
    • Author: User
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    According to the Financing Trends Report published by WindEurope, the European wind industry received a total of 65 billion euros ($73 billion) in 2018, of which 27 billion euros were spent on new wind farms, benefiting from falling costs, with a cumulative investment of 16.
    7 GW
    .

    According to the investment report, the current cost of 1 MW of new onshore wind capacity in Europe is around €1.
    4 million, down significantly from €2 million in 2015, while the cost of offshore wind for the same capacity has fallen from €4.
    5 million in 2015 to €2.
    5 million today
    .

    Overall, the European wind industry invested €65 billion in 2018, of which €26.
    7 billion in new asset financing will finance
    a record 16.
    7 GW of new wind energy.
    Onshore wind accounts for 38% of total new electricity investment in Europe, while new offshore wind investment accounts for 24% of total new electricity investment in the region, a strong indicator
    of the importance of wind energy in the European energy mix.

    Most of the new capacity will be onshore wind, which accounts for 12.
    5 GW, although offshore wind continues to grow and will account for 4.
    2 GW
    of investment in 2018.
    In total, 190 wind farms in more than 22 European countries reached final investment decisions (FIDs) in 2018, mainly in the Nordic and Western European region
    .

    Compared to the investment figures for 2017, the European wind energy industry is showing significant signs
    of growth and maturity.
    In 2017, wind energy investments totalled EUR 51.
    2 billion, new asset financing EUR 22.
    3 billion and new capacity of 11.
    5 GW
    .
    It is also worth noting that the 2017 figure declined in 2016, when €28 billion was invested in new wind farms, but only reached 10.
    3 GW
    .

    Giles Dickson, CEO of WindEurope, said: "Last year, wind energy received 60%
    of all investment in new generation capacity in Europe.
    It was a record year
    for new wind energy investment.
    But if Europe is to meet its 2030 renewable energy target of 32%, it will need to continue to invest
    heavily.

    According to the Financing Trends Report published by WindEurope, the European wind industry received a total of 65 billion euros ($73 billion) in 2018, of which 27 billion euros were spent on new wind farms, benefiting from falling costs, with a cumulative investment of 16.
    7 GW
    .

    Wind power

    According to the investment report, the current cost of 1 MW of new onshore wind capacity in Europe is around €1.
    4 million, down significantly from €2 million in 2015, while the cost of offshore wind for the same capacity has fallen from €4.
    5 million in 2015 to €2.
    5 million today
    .

    Overall, the European wind industry invested €65 billion in 2018, of which €26.
    7 billion in new asset financing will finance
    a record 16.
    7 GW of new wind energy.
    Onshore wind accounts for 38% of total new electricity investment in Europe, while new offshore wind investment accounts for 24% of total new electricity investment in the region, a strong indicator
    of the importance of wind energy in the European energy mix.

    Most of the new capacity will be onshore wind, which accounts for 12.
    5 GW, although offshore wind continues to grow and will account for 4.
    2 GW
    of investment in 2018.
    In total, 190 wind farms in more than 22 European countries reached final investment decisions (FIDs) in 2018, mainly in the Nordic and Western European region
    .

    Compared to the investment figures for 2017, the European wind energy industry is showing significant signs
    of growth and maturity.
    In 2017, wind energy investments totalled EUR 51.
    2 billion, new asset financing EUR 22.
    3 billion and new capacity of 11.
    5 GW
    .
    It is also worth noting that the 2017 figure declined in 2016, when €28 billion was invested in new wind farms, but only reached 10.
    3 GW
    .

    Giles Dickson, CEO of WindEurope, said: "Last year, wind energy received 60%
    of all investment in new generation capacity in Europe.
    It was a record year
    for new wind energy investment.
    But if Europe is to meet its 2030 renewable energy target of 32%, it will need to continue to invest
    heavily.

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