Europe needs much more wind energy

Wind Industry Profile of

WindEurope has published its annual Finance and Investment Trends report. It shows investor confidence in wind energy remains high. Europe invested €41bn in new wind farms in 2021. This is financing 25 GW of new capacity, a record. But the investments are falling well short of the 35 GW a year of new wind the EU now needs to build to meet its 2030 climate and energy security targets.

Europe invested €41.4bn in new wind farms in 2021. This is 11% less than 2020. But the investments cover 24.6 GW of new capacity, which is a record for new capacity financed in a single year. Most of the new wind farms financed were onshore – 19.8 GW. Which partly explains why the amounts invested were down compared to 2020: onshore wind is slightly cheaper than offshore. The... ... More: Official Press Release WindEurope

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WindEurope, Europe, investment, wind farm, GW, capacity, target, climate change, energy transition, onshore, offshore, UK, Germany, Spain, Sweden, Finland, Poland