The impact of wind energy on jobs and the economy
Green Growth examines the impact of wind energy on jobs and the economy in the EU. The wind energy industry increased its contribution to the EU’s gross domestic product (GDP) by 33% between 2007 and 2010. In 2010, the industry’s growth was twice that of the EU’s GDP overall, with the sector contributing €32 billion to an EU economy in slowdown.
The sector created 30% more jobs from 2007 to 2010 to reach nearly 240,000, while EU unemployment rose by 9.6% . By 2020, there should be 520,000 jobs in the sector.
The sector was a net exporter of €5.7 billion worth of goods and services in 2010.
The sector avoided €5.71 billion of fuel costs in 2010.
The sector invested 5% of its spending in R&D – three times more than the EU average. Wind turbine manufacturers commit around 10% of their total turnover to R&D.
Click to view the Green Growth infographic explaining the relationship between wind energy and Europe's economy.