The Prague Post - European countries aim to boost wind energy production

EUR -
AED 4.177115
AFN 81.881407
ALL 99.252011
AMD 444.59148
ANG 2.049629
AOA 1037.159602
ARS 1294.14051
AUD 1.780172
AWG 2.047025
AZN 1.937816
BAM 1.956825
BBD 2.294803
BDT 138.092365
BGN 1.957857
BHD 0.428625
BIF 3332.101328
BMD 1.137236
BND 1.492134
BOB 7.854392
BRL 6.605299
BSD 1.136596
BTN 97.022843
BWP 15.66621
BYN 3.71968
BYR 22289.824581
BZD 2.282996
CAD 1.574122
CDF 3271.828234
CHF 0.930817
CLF 0.028662
CLP 1099.88957
CNY 8.306268
CNH 8.306019
COP 4901.486936
CRC 571.199327
CUC 1.137236
CUP 30.136753
CVE 110.77121
CZK 25.063093
DJF 202.11002
DKK 7.466603
DOP 68.807192
DZD 150.758867
EGP 58.143353
ERN 17.058539
ETB 151.279275
FJD 2.59711
FKP 0.855951
GBP 0.857288
GEL 3.116471
GGP 0.855951
GHS 17.695835
GIP 0.855951
GMD 81.31675
GNF 9843.350125
GTQ 8.754588
GYD 238.429138
HKD 8.82913
HNL 29.46444
HRK 7.519522
HTG 148.317723
HUF 408.38716
IDR 19177.096068
ILS 4.192296
IMP 0.855951
INR 97.094367
IQD 1489.779092
IRR 47906.064711
ISK 145.100373
JEP 0.855951
JMD 179.644139
JOD 0.806646
JPY 161.924776
KES 147.276378
KGS 99.205077
KHR 4566.00273
KMF 492.996098
KPW 1023.51235
KRW 1613.044532
KWD 0.348711
KYD 0.947196
KZT 594.971784
LAK 24598.413953
LBP 101896.34134
LKR 339.937138
LRD 227.418803
LSL 21.444738
LTL 3.357963
LVL 0.687903
LYD 6.221113
MAD 10.547908
MDL 19.662304
MGA 5177.713287
MKD 61.514233
MMK 2387.450153
MNT 4055.721375
MOP 9.086962
MRU 44.847502
MUR 51.278399
MVR 17.517685
MWK 1974.241998
MXN 22.425622
MYR 5.012372
MZN 72.675107
NAD 21.444738
NGN 1824.926761
NIO 41.821916
NOK 11.909658
NPR 155.236349
NZD 1.90379
OMR 0.437833
PAB 1.136596
PEN 4.279463
PGK 4.700463
PHP 64.495498
PKR 319.112616
PLN 4.278742
PYG 9097.767521
QAR 4.140226
RON 4.978937
RSD 117.291464
RUB 93.451578
RWF 1609.188866
SAR 4.267179
SBD 9.516785
SCR 16.196165
SDG 682.914367
SEK 10.940517
SGD 1.490626
SHP 0.893689
SLE 25.900592
SLL 23847.250746
SOS 649.934509
SRD 42.248737
STD 23538.488054
SVC 9.945212
SYP 14786.177003
SZL 21.403201
THB 37.92345
TJS 12.206811
TMT 3.980326
TND 3.398104
TOP 2.663525
TRY 43.238625
TTD 7.712041
TWD 36.987505
TZS 3056.325739
UAH 47.101683
UGX 4166.329832
USD 1.137236
UYU 47.664978
UZS 14768.739292
VES 91.955341
VND 29420.293975
VUV 137.567375
WST 3.158108
XAF 656.312471
XAG 0.034868
XAU 0.000342
XCD 3.073437
XDR 0.816192
XOF 653.911048
XPF 119.331742
YER 278.907529
ZAR 21.404946
ZMK 10236.492294
ZMW 32.36396
ZWL 366.189511
  • SCS

    0.0500

    9.76

    +0.51%

  • NGG

    0.6300

    72.11

    +0.87%

  • RBGPF

    63.5900

    63.59

    +100%

  • BTI

    0.5400

    42.37

    +1.27%

  • CMSC

    0.0400

    21.82

    +0.18%

  • RYCEF

    -0.1400

    9.36

    -1.5%

  • BP

    0.6600

    28.32

    +2.33%

  • CMSD

    0.0400

    21.96

    +0.18%

  • GSK

    0.5600

    35.93

    +1.56%

  • BCE

    0.4200

    22.04

    +1.91%

  • JRI

    0.1600

    12.4

    +1.29%

  • VOD

    0.1400

    9.31

    +1.5%

  • RIO

    1.0100

    58.17

    +1.74%

  • BCC

    0.7800

    93.47

    +0.83%

  • AZN

    0.5400

    67.59

    +0.8%

  • RELX

    1.0000

    52.2

    +1.92%

European countries aim to boost wind energy production
European countries aim to boost wind energy production / Photo: Christian Charisius - 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.

R.Krejci--TPP