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

USD -
AED 3.673018
AFN 71.499636
ALL 87.061306
AMD 390.195672
ANG 1.80229
AOA 916.000034
ARS 1172.693095
AUD 1.55989
AWG 1.8025
AZN 1.699718
BAM 1.726572
BBD 2.025239
BDT 121.869938
BGN 1.728501
BHD 0.376935
BIF 2936
BMD 1
BND 1.310499
BOB 6.930829
BRL 5.715397
BSD 1.003041
BTN 84.76692
BWP 13.730882
BYN 3.282528
BYR 19600
BZD 2.014822
CAD 1.381835
CDF 2872.999859
CHF 0.827555
CLF 0.024698
CLP 947.759778
CNY 7.27135
CNH 7.25139
COP 4198.84
CRC 506.631944
CUC 1
CUP 26.5
CVE 97.341461
CZK 22.008496
DJF 177.720152
DKK 6.59382
DOP 59.032023
DZD 132.575928
EGP 50.791505
ERN 15
ETB 134.606849
EUR 0.88355
FJD 2.261504
FKP 0.749663
GBP 0.750985
GEL 2.744983
GGP 0.749663
GHS 14.293344
GIP 0.749663
GMD 71.497754
GNF 8687.515173
GTQ 7.724462
GYD 210.484964
HKD 7.75554
HNL 26.029114
HRK 6.662994
HTG 131.035244
HUF 357.020237
IDR 16452
ILS 3.62333
IMP 0.749663
INR 83.90985
IQD 1313.73847
IRR 42112.500395
ISK 128.749985
JEP 0.749663
JMD 158.78775
JOD 0.709204
JPY 145.184503
KES 129.349821
KGS 87.450048
KHR 4014.741906
KMF 434.501068
KPW 900.011381
KRW 1417.504978
KWD 0.30682
KYD 0.835783
KZT 514.647601
LAK 21686.066272
LBP 89872.479044
LKR 300.259103
LRD 200.606481
LSL 18.677031
LTL 2.95274
LVL 0.60489
LYD 5.475147
MAD 9.294287
MDL 17.217315
MGA 4453.70399
MKD 54.374964
MMK 2099.538189
MNT 3574.392419
MOP 8.012798
MRU 39.770298
MUR 45.520205
MVR 15.41012
MWK 1739.283964
MXN 19.56976
MYR 4.292504
MZN 63.999636
NAD 18.673816
NGN 1606.250077
NIO 36.90936
NOK 10.38069
NPR 135.627425
NZD 1.685857
OMR 0.384986
PAB 1.003032
PEN 3.677638
PGK 4.095253
PHP 55.593996
PKR 281.827034
PLN 3.78065
PYG 8033.511218
QAR 3.655833
RON 4.399198
RSD 103.446754
RUB 81.873197
RWF 1440.892679
SAR 3.750182
SBD 8.361298
SCR 14.652296
SDG 600.500744
SEK 9.70545
SGD 1.305403
SHP 0.785843
SLE 22.790523
SLL 20969.483762
SOS 573.196677
SRD 36.847032
STD 20697.981008
SVC 8.775321
SYP 13002.38052
SZL 18.660534
THB 33.143027
TJS 10.571919
TMT 3.5
TND 2.978994
TOP 2.342104
TRY 38.56613
TTD 6.792886
TWD 31.267501
TZS 2697.581986
UAH 41.609923
UGX 3674.195442
UYU 42.206459
UZS 12970.563573
VES 86.73797
VND 26005
VUV 120.584578
WST 2.773259
XAF 579.073422
XAG 0.030705
XAU 0.000307
XCD 2.702551
XDR 0.723012
XOF 579.08109
XPF 105.265016
YER 244.949563
ZAR 18.452455
ZMK 9001.191688
ZMW 27.90983
ZWL 321.999592
  • RBGPF

    67.2100

    67.21

    +100%

  • RIO

    -0.8500

    58.55

    -1.45%

  • RYCEF

    -0.1000

    10.12

    -0.99%

  • CMSC

    0.0200

    22.03

    +0.09%

  • SCS

    -0.0500

    9.87

    -0.51%

  • BP

    0.4200

    27.88

    +1.51%

  • BTI

    -0.2500

    43.3

    -0.58%

  • RELX

    -0.5500

    54.08

    -1.02%

  • GSK

    -1.1000

    38.75

    -2.84%

  • NGG

    -1.3500

    71.65

    -1.88%

  • VOD

    -0.0300

    9.73

    -0.31%

  • BCC

    -0.5700

    92.71

    -0.61%

  • CMSD

    -0.0400

    22.26

    -0.18%

  • JRI

    0.1000

    13.01

    +0.77%

  • BCE

    -0.8100

    21.44

    -3.78%

  • AZN

    -1.2800

    70.51

    -1.82%

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