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Europe's installed wind capacity will increase to 258 GW within five years, accounting for about a quarter
of global production.
"European wind project developers will install an average of 17 GW of capacity per year over the next five years, equivalent to 17 nuclear reactors," Wind Europe, the European wind power association, said in its 2022 outlook report.
”
Thanks to policies conducive to attracting investment and subsidizing the tender process, European countries have been world leaders
in wind power facilities.
Success in reducing the cost of producing renewable energy has prompted some countries to introduce subsidy-free contracts
on some tenders.
While several unsubsidized projects have been approved, they are not the norm
yet.
Since April 2017, Europe has secured six subsidy-free bids
for offshore wind in the Netherlands and Germany.
France last week secured 118 megawatts of wind capacity in a second tender for onshore projects, less than a quarter
of what was planned to be built.
For wind investors in a country that has made significant commitments to green energy and climate, this is a sign of
potential problems.
According to the European Wind Association, Germany, Britain, France, Spain and the Netherlands will account for 62%
of the total capacity addition.
After adding five new wind farms in the first half of the year, the UK accounted for 81%
of new offshore wind capacity in Europe over the same period.
Europe's installed wind capacity will increase to 258 GW within five years, accounting for about a quarter
of global production.
"European wind project developers will install an average of 17 GW of capacity per year over the next five years, equivalent to 17 nuclear reactors," Wind Europe, the European wind power association, said in its 2022 outlook report.
”
Thanks to policies conducive to attracting investment and subsidizing the tender process, European countries have been world leaders
in wind power facilities.
Success in reducing the cost of producing renewable energy has prompted some countries to introduce subsidy-free contracts
on some tenders.
While several unsubsidized projects have been approved, they are not the norm
yet.
Since April 2017, Europe has secured six subsidy-free bids
for offshore wind in the Netherlands and Germany.
France last week secured 118 megawatts of wind capacity in a second tender for onshore projects, less than a quarter
of what was planned to be built.
For wind investors in a country that has made significant commitments to green energy and climate, this is a sign of
potential problems.
According to the European Wind Association, Germany, Britain, France, Spain and the Netherlands will account for 62%
of the total capacity addition.
After adding five new wind farms in the first half of the year, the UK accounted for 81%
of new offshore wind capacity in Europe over the same period.
