The China Mail - European countries aim to boost wind energy production

USD -
AED 3.67315
AFN 63.496406
ALL 82.896091
AMD 377.204398
ANG 1.790083
AOA 917.000216
ARS 1376.5596
AUD 1.438849
AWG 1.80225
AZN 1.690302
BAM 1.686202
BBD 2.015182
BDT 122.789623
BGN 1.709309
BHD 0.377574
BIF 2970
BMD 1
BND 1.279061
BOB 6.913944
BRL 5.238498
BSD 1.000522
BTN 94.115213
BWP 13.635619
BYN 2.965482
BYR 19600
BZD 2.012485
CAD 1.38105
CDF 2280.000305
CHF 0.791697
CLF 0.023228
CLP 917.190008
CNY 6.901496
CNH 6.90295
COP 3701.66
CRC 465.236584
CUC 1
CUP 26.5
CVE 95.625025
CZK 21.163501
DJF 177.71998
DKK 6.46449
DOP 60.374992
DZD 132.676934
EGP 52.532597
ERN 15
ETB 157.300918
EUR 0.86511
FJD 2.227203
FKP 0.747226
GBP 0.74823
GEL 2.695021
GGP 0.747226
GHS 10.949783
GIP 0.747226
GMD 73.501184
GNF 8780.00006
GTQ 7.657854
GYD 209.347342
HKD 7.81825
HNL 26.520413
HRK 6.518701
HTG 131.207187
HUF 334.947496
IDR 16599.65
ILS 3.11585
IMP 0.747226
INR 93.9515
IQD 1310
IRR 1313150.000316
ISK 123.89028
JEP 0.747226
JMD 157.605908
JOD 0.708994
JPY 159.421013
KES 129.75003
KGS 87.449203
KHR 4012.999967
KMF 426.999713
KPW 900.014346
KRW 1501.939956
KWD 0.30662
KYD 0.833829
KZT 482.773486
LAK 21584.99982
LBP 89550.000175
LKR 314.680461
LRD 183.650094
LSL 16.94044
LTL 2.952739
LVL 0.60489
LYD 6.375046
MAD 9.327502
MDL 17.495667
MGA 4170.000017
MKD 53.309984
MMK 2100.167588
MNT 3569.46809
MOP 8.057787
MRU 40.130189
MUR 46.469726
MVR 15.450073
MWK 1737.000017
MXN 17.775501
MYR 3.964504
MZN 63.904127
NAD 16.929835
NGN 1385.81034
NIO 36.720014
NOK 9.694297
NPR 150.586937
NZD 1.72228
OMR 0.384504
PAB 1.000578
PEN 3.460501
PGK 4.309501
PHP 59.995971
PKR 279.049697
PLN 3.69955
PYG 6510.184287
QAR 3.64399
RON 4.4077
RSD 101.592025
RUB 80.997729
RWF 1460
SAR 3.751633
SBD 8.042037
SCR 14.125039
SDG 601.000214
SEK 9.352803
SGD 1.281495
SHP 0.750259
SLE 24.550435
SLL 20969.510825
SOS 570.999967
SRD 37.340502
STD 20697.981008
STN 21.4
SVC 8.755292
SYP 110.948257
SZL 16.897886
THB 32.729925
TJS 9.58109
TMT 3.5
TND 2.9375
TOP 2.40776
TRY 44.348805
TTD 6.803525
TWD 31.928503
TZS 2570.058986
UAH 43.92958
UGX 3702.186911
UYU 40.504889
UZS 12200.000111
VES 462.09036
VND 26350
VUV 119.508072
WST 2.738201
XAF 565.560619
XAG 0.01403
XAU 0.000222
XCD 2.70255
XCG 1.803352
XDR 0.702492
XOF 563.501088
XPF 103.450054
YER 238.649988
ZAR 16.928502
ZMK 9001.210149
ZMW 18.736367
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    0.0500

    22.68

    +0.22%

  • CMSC

    0.0400

    22.91

    +0.17%

  • RYCEF

    0.3000

    15.9

    +1.89%

  • BCC

    1.0800

    74.65

    +1.45%

  • BCE

    -0.3400

    25.49

    -1.33%

  • NGG

    1.9600

    84.29

    +2.33%

  • RIO

    0.7700

    87.54

    +0.88%

  • BTI

    0.6900

    58.45

    +1.18%

  • JRI

    0.2400

    12.1

    +1.98%

  • AZN

    1.3600

    187.14

    +0.73%

  • VOD

    0.0600

    14.72

    +0.41%

  • GSK

    1.7500

    54.7

    +3.2%

  • RELX

    0.0100

    32.47

    +0.03%

  • BP

    0.6200

    45.41

    +1.37%

European countries aim to boost wind energy production
European countries aim to boost wind energy production / Photo: © 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.

U.Feng--ThChM