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

USD -
AED 3.6725
AFN 66.035613
ALL 81.935467
AMD 380.164517
ANG 1.790403
AOA 917.000329
ARS 1451.731598
AUD 1.499903
AWG 1.8025
AZN 1.703112
BAM 1.661139
BBD 2.007151
BDT 121.778348
BGN 1.66114
BHD 0.376992
BIF 2944.381452
BMD 1
BND 1.28589
BOB 6.900886
BRL 5.592201
BSD 0.996526
BTN 89.345456
BWP 13.144328
BYN 2.89853
BYR 19600
BZD 2.004264
CAD 1.37375
CDF 2260.000235
CHF 0.78954
CLF 0.023193
CLP 909.849835
CNY 7.04095
CNH 7.022475
COP 3802.96
CRC 496.776769
CUC 1
CUP 26.5
CVE 93.652459
CZK 20.655978
DJF 177.460315
DKK 6.343199
DOP 62.36676
DZD 129.75499
EGP 47.422987
ERN 15
ETB 154.453919
EUR 0.84913
FJD 2.27745
FKP 0.750114
GBP 0.741445
GEL 2.68501
GGP 0.750114
GHS 11.38625
GIP 0.750114
GMD 73.502481
GNF 8711.604856
GTQ 7.636415
GYD 208.495947
HKD 7.777035
HNL 26.268271
HRK 6.397096
HTG 130.482973
HUF 329.960499
IDR 16775.3
ILS 3.200199
IMP 0.750114
INR 89.57825
IQD 1305.520284
IRR 42100.000078
ISK 125.679649
JEP 0.750114
JMD 159.063692
JOD 0.70896
JPY 156.289497
KES 128.450198
KGS 87.450157
KHR 3997.808722
KMF 419.000046
KPW 899.999969
KRW 1484.180315
KWD 0.30722
KYD 0.830481
KZT 513.882401
LAK 21585.880634
LBP 89242.731805
LKR 308.538377
LRD 176.3909
LSL 16.645547
LTL 2.95274
LVL 0.60489
LYD 5.407724
MAD 9.122929
MDL 16.872064
MGA 4489.591384
MKD 52.254264
MMK 2100.312258
MNT 3551.223311
MOP 7.986003
MRU 39.722607
MUR 46.170313
MVR 15.460083
MWK 1728.059521
MXN 17.969902
MYR 4.068
MZN 63.893234
NAD 16.645547
NGN 1456.109695
NIO 36.674183
NOK 10.09895
NPR 142.951783
NZD 1.71991
OMR 0.38445
PAB 0.996615
PEN 3.355997
PGK 4.239869
PHP 58.673005
PKR 279.163828
PLN 3.580125
PYG 6733.53774
QAR 3.642649
RON 4.319703
RSD 99.730997
RUB 78.799638
RWF 1451.515641
SAR 3.750011
SBD 8.146749
SCR 15.082471
SDG 601.504804
SEK 9.22334
SGD 1.286635
SHP 0.750259
SLE 24.049736
SLL 20969.503664
SOS 568.545682
SRD 38.406503
STD 20697.981008
STN 20.80865
SVC 8.720172
SYP 11058.38145
SZL 16.641045
THB 31.104006
TJS 9.168454
TMT 3.5
TND 2.915019
TOP 2.40776
TRY 42.827598
TTD 6.775155
TWD 31.50702
TZS 2485.980984
UAH 41.947018
UGX 3591.008888
UYU 39.060974
UZS 11955.307737
VES 282.15965
VND 26339
VUV 120.603378
WST 2.787816
XAF 557.128054
XAG 0.014337
XAU 0.000223
XCD 2.70255
XCG 1.796099
XDR 0.692889
XOF 557.128054
XPF 101.292271
YER 238.501099
ZAR 16.705135
ZMK 9001.192896
ZMW 22.522699
ZWL 321.999592
  • RBGPF

    0.0000

    80.22

    0%

  • SCS

    0.0200

    16.14

    +0.12%

  • RYCEF

    -0.3200

    15.36

    -2.08%

  • CMSD

    -0.0500

    23.2

    -0.22%

  • GSK

    -0.0200

    48.59

    -0.04%

  • BTI

    0.3200

    56.77

    +0.56%

  • RELX

    0.2500

    40.98

    +0.61%

  • CMSC

    -0.0500

    23.12

    -0.22%

  • RIO

    1.7800

    80.1

    +2.22%

  • AZN

    0.1900

    91.55

    +0.21%

  • NGG

    0.3000

    76.41

    +0.39%

  • BCE

    -0.1100

    22.73

    -0.48%

  • VOD

    0.0400

    12.88

    +0.31%

  • BP

    0.2000

    34.14

    +0.59%

  • BCC

    -0.5400

    74.23

    -0.73%

  • JRI

    -0.0100

    13.37

    -0.07%

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