Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » EU’s 2024 new wind capacity less than half amount needed for climate goal, industry group says By Reuters
    News

    EU’s 2024 new wind capacity less than half amount needed for climate goal, industry group says By Reuters

    userBy userJanuary 10, 2025No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    LONDON (Reuters) – Wind power provided 20% of the electricity consumed in Europe last year, but the capacity built during the year was less than half of what is needed to meet the European Union’s 2030 energy and climate targets, industry group WindEurope said on Friday.

    WHY IT’S IMPORTANT

    Wind has been a growing part of Europe’s electricity production for more than 20 years, and the European Union wants it to grow much more to meet targets to combat climate change and also as it reduces reliance on fossil fuels.

    BY THE NUMBERS

    Europe built 15 gigawatts (GW) of new wind energy last year, including 13 GW of offshore wind and around 2 GW of onshore wind, according to preliminary 2024 data from WindEurope.

    European Union countries accounted for 13 GW of this, but to reach its 2030 climate targets the 27-nation bloc should be building 30 GW a year of new wind farms.

    The EU wants wind power to account for 34% of electricity consumed by 2030 and more than 50% by 2050.

    CONTEXT

    The global offshore wind industry in particular has faced a challenging few years due to infrastructure, grid connection and logistics issues, permitting delays and higher component costs.

    Offshore wind investments in Europe have fallen and it remains challenging for companies to take final investment decisions, WindEurope said.

    KEY QUOTES

    “Europe is not building enough new wind farms. For 3 main reasons: a) most governments are not applying the good EU permitting rules; b) new grid connections are delayed; c) Europe is not electrifying its economy quickly enough,” said WindEurope chief executive Giles Dickson.





    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleRobinhood’s strategy to simplify crypto investing for beginners
    Next Article Stock market today: Live updates
    user
    • Website

    Related Posts

    2 fallen FTSE 250 shares to consider buying before they bounce back

    June 8, 2025

    As the ‘Magnificent 7’ stall, here’s the next wave of high-growth Nasdaq tech stocks delivering big gains

    June 8, 2025

    1 FTSE 100 stock to watch this week

    June 8, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d