EU wind supply chain lacks money to invest at required scale to be competitive

Wind Industry Profile of

The new EU energy security strategy REPowerEU wants wind energy to more than double the 200 GW installed today by 2030. This requires massive investments in new and existing industrial production capacities, and across the whole supply chain – from installation vessels to cranes, ports, research and innovation, grids, and skilled workers.

But the wind supply chain lacks the money to invest at the required scale. Europe’s 5 wind turbine manufacturers continue to operate at a loss.  Why is the wind supply chain struggling when EU wind targets are ambitious? There are several reasons to this situation: Higher renewables targets don’t yet translate into wind turbine orders: the EU is building wind farms... ... More: Official Press Release WindEurope

Keywords:

WindEurope, supply chain, Europe, competitiveness, investment, imnnovation, grid, production capacity, target, REPowerEU