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    Despite Challenges, EU New Wind Installations Rise By 33%

    Seven Dormant Japanese Nuclear Plants To Be Reactivated

    India Okays $2.4 Billion Green Hydrogen Incentive Package

    New Breeder Reactors Can Produce More Than Power In China

    German Regulator Hikes The Price Cap For Solar And Wind Bids

    Energy Shortage In Germany Encourages Hydrogen Transition

    Investing In Renewable Energy By Nations Hits $1.2T- IEA

    Shikun & Binui Energy completes construction on 260-MW Texas solar project

    Lightsource bp finishes second solar project for Southeastern Pennsylvania Transportation Authority

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Atlas and Hitachi to develop energy storage systems for renewable projects

    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

    SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    ABO Wind connects first wind farm in Poland

    By 2040, Floating Offshore Wind To Add 67K Total Jobs In UK

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

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Despite Challenges, EU New Wind Installations Rise By 33%

in News, Wind Energy

In 2022, the EU added 15 GW of new wind farms, a third more than in 2021. Germany, Sweden, and Finland are leading the pack in terms of newly installed capacity, with Spain and France following closely behind.

Onshore wind made up 90% of the increased wind capacity. And almost all of the brand-new onshore wind farms were located on brand-new greenfield sites. Older wind farms weren’t repowered all that frequently. Governments are missing a trick since, on average, repowering increases a wind farm’s output while using 25% fewer turbines.

More renewable electricity per GW is possible with an increase in capacity factors.

New wind farms today produce more electricity per MW than they did in the past. Onshore wind farms that are brand-new often have capacity factors above 35%. 50% capacity factors are delivered by new offshore wind projects. For every GW installed, current onshore turbines generate an average of 3 TWh of power per year, whereas modern offshore turbines generate an average of 4.4 TWh per year.

Permitting progress

The EU installed more wind farms in 2022 than in 2021, which is positive. However, 15 GW is still far short of what Europe needs to construct to meet its climate and energy security goals. The permission difficulties are mostly to blame for the deficit. In Europe, 80 GW of projects for wind energy are presently awaiting approval. They should be powered on as soon as feasible. The REPowerEU allowing measures will be beneficial. Additionally, some governments are already making improvements on a national level.

Given the difficulties the European wind sector had in 2018, 15 GW of new wind in 2022 is not too dismal. However, the decline in investments in new wind farms is less positive. Investors are staying away due to the uncertainty surrounding electricity market regulations. According to Giles Dickson, CEO of WindEurope, the EU must once more make Europe a desirable location for investments in renewable energy.

Decrease In New Investments

The development of new wind farms is threatened by inflation as well as unproductive government interventions in the electricity market. Only 12 GW of additional capacity was provided by investment projects in wind farms in the EU during the first 11 months of 2022. This is much less than the rate of new investments required to meet the EU’s 2030 climate and energy ambitions. Investors must have more knowledge of the laws that apply when the EU reforms the power markets. Investors are fleeing because of the member states’ power to enact their own national regulations as a result of the emergency measures from last year. Instead, they are making investments in the US, Australia, and other countries. Major renewable energy investors currently find the EU to be unattractive.

This is especially irritating because industrial users in Europe have never had a bigger need for wind energy. They want more wind to aid in decarbonizing their operations. In 2022, the amount of renewable PPAs signed by companies remained stable, but it could have been significantly higher with increased investment in new wind farms.

Supply Chain Issues With Wind Energy

The year 2022 will be challenging for the wind energy supply chain. Europe’s turbine producers and suppliers were severely impacted by inflation. They currently confront a number of interrelated difficulties, including price increases for essential inputs and commodities, broken trade flows, shortages of particular materials and components, and inadequate auction designs in some nations.

In order to implement the clean and digital revolutions, Europe must engage its industrial foundation. Not the least of which is to imitate the all-encompassing policy support for green technologies provided in other regions of the world, like the US Inflation Reduction Act. Investments in new and updated wind energy production facilities can be supported by the EU, national governments, and the EIB, among other entities.

The 33% rise in new installations over the previous year demonstrates that the European wind sector is rising to the occasion. However, the existing cost pressures leave little room for the fresh investments that their companies really need to make. According to Giles Dickson, if the EU is sincere about its energy and climate ambitions, it should support these expenditures in the supply chain, including factories, skilled labour, networks, raw materials, and vessels.

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