The European wind energy industry invested a total of €65 billion ($73 billion) in 2018 including €27 billion on new wind farms which, thanks to cost reductions, will finance a record 16.7 GW of new wind capacity.
Europe installed a total of 2.6 gigawatts (GW) of new offshore wind capacity in 2018, an 18% increase that takes the region to a total capacity of 18.5 GW, according to new figures published this week by the region’s wind energy trade body, WindEurope.
The European offshore wind industry had an impressive year in 2017, increasing capacity by 25% with 3.1 gigawatts of new capacity installed, bringing the region’s total offshore wind capacity up to 15.8 gigawatts.
Up to a quarter of the European Union’s electricity demand could be met by onshore wind energy at an average of €54 per megawatt-hour in the most favorable locations, according to a new report published this month, which also suggests offshore wind could generate between 2,600 to 6,000 terawatt-hours per year.
The last 10 months of offshore wind development has seen prices plummet, with ever lower bids and the world’s first subsidy-free offshore wind farms, but policymakers do not yet appear to be taking note of this new offshore wind reality.
The European offshore wind industry drew a record €14 billion in investments during the first half of 2016, according to WindEurope. According to Wind Europe, the renamed European Wind Energy Association, the trade body for the wind industry in Europe, seven separate projects reached final investment decision so far this year, … [continued]
With nearly 3.1 GW of offshore wind capacity connections expected for 2015, Europe is driving the industry’s expected 3.6 GW of new capacity. New analysis from MAKE Consulting concludes that 2015 is likely to see 3.6 GW of new offshore wind capacity connected to local grids by the end of … [continued]
Europe’s offshore wind industry has shattered previous installation records in the first half of 2015, installing 2,342.9 megawatts (MW) of electricity generation capacity, triple the same time last year. The European Wind Energy Association (EWEA) revealed Thursday that installations for the first half of 2015 had reached 2,342.9 MW, tripling … [continued]
This morning the United Nations Environment Program released its 9th annual report on Global Trends in Renewable Energy Investment. The news is very good: 2014 was the best year ever for newly installed renewable capacity. The Frankfurt School–UNEP Collaborating Centre and Bloomberg New Energy Finance prepared the report. In spite of the 50+% collapse in … [continued]
A new study published today by Ernst & Young has found that the European offshore wind market can compete with traditional gas and coal markets, if it sheds 26% of outlays by 2023, in an effort to reach cost-competitiveness. Courtesy of the European Wind Energy Association, the European offshore wind … [continued]
