Financing offshore wind farms
The European offshore wind energy industry needs to attract between €90 billion and €123 billion by 2020 to meet its deployment target of 40 GW.
TWENTIES is a grids project that looks into how to operate grid systems with large amounts of wind and other renewables. It is the largest renewable energy project ever funded by the EU.
The aim of the TWENTIES project is to advance the development and deployment of new technologies which facilitate the widespread integration of more onshore and offshore wind power into the European electricity system by 2020 and beyond.
The next steps for EU climate and energy policy
The EU must decide as soon as possible on an energy and climate policy framework for 2030. This is so investors continue to invest, wind energy continues to grow and deliver all its benefits, and the EU can meet its greenhouse gas reduction commitments of 80-95% by 2050 in the most cost-efficient way.
The EU wind energy sector skills gap
The European wind industry has grown rapidly. Installed capacity has increased from around 13 GW in 2000 to more than 100 GW in 2012. A consequence of this has been a failure for skills development to keep pace. This report shows that the European wind industry can play a key role in combatting unemployment.
Nearly 50,000 additional trained staff will be needed by the industry by 2030. By that year, operations and maintenance will become the greatest source of new jobs and demand for trained staff.
There is currently a shortage of 7,000 qualified personnel required by the European wind energy sector each year, a figure that could increase to 15,000 by 2030 if the number of graduates taking courses relevant to the industry does not rise.
The next step for offshore wind energy
Offshore wind is one of the fastest growing maritime sectors. Its installed capacity was 5 GW at end 2012, and by 2020 this could be eight times higher, at 40 GW, meeting 4% of European electricity demand. By 2030, offshore wind capacity could total 150 GW, meeting 14% of the EU’s total electricity consumption.
However, for this to happen, a supportive legislative framework is needed, and new offshore designs must be developed for deep water in order to tap the large wind potential of the Atlantic, Mediterranean and deep North Sea waters. Current commercial substructures are economically limited to maximum water depths of 40m to 50m. The ‘deep offshore’ environment starts at water depths greater than 50m.
United in tough times
In 2012, Europe’s wind energy industry was plunged into a crisis of regulatory uncertainty as governments, seeing renewables as an easy target for austerity measures, slashed or changed their support. Despite this, 2012 marked a historic milestone: reaching 100 GW of wind power capacity in the EU, meeting the power needs of 57 million households, equivalent to the output of 39 nuclear power plants – a remarkable success which was achieved during a period of extraordinary growth founded on firm political support.
Emerging European wind power markets
Eastern Winds examines the frontier of wind power development in Europe. The report deals with the prospects for wind power in central and eastern Europe, tackles financing and provides an in-depth analysis of 12 emerging wind power markets. Eastern Winds is also a tool for decision-makers highlighting bottlenecks, regulatory challenges and providing policy recommendations.
Wind power research and development to 2020
"The European Wind Initiative - Wind Power Research and Development to 2020” is an updated summary of the 10 year wind energy research strategy. The pamphlet summarises the EWI implementation activities, the progress made so far and suggests funding recommendations in line with the upcoming EU Multiannual Budget 2014-2020.
A report on EU electricity market rules, which must reflect the energy generation mix of the future and help usher in a flexible power system with a large-scale uptake of wind power and other renewable energy sources.
It is the European Commission’s job to propose a seven year ‘Multiannual Financial Framework’ budget to the Council and Parliament. The current proposal stands at €1,025 billion. This represents 1% of the EU’s gross domestic product – while national budgets are around 30-40% of national GDP.