Wind on track to become number one electricity source for Europe

German renewable energy surcharge will increase in 2017, mostly to pay for offshore wind projects. Europe.

Wind could reach 30% power for Europe, reach installed capacity of 323 GW by 2030

Wind energy is set to become the leading source of electricity in the EU soon after 2030. This is according to the latest report from the International Energy Agency (IEA), ‘World Energy Outlook (WEO) 2017.

“Wind energy is now firmly established as the cheapest form of new power generation. The World Energy Outlook shows wind is on track to become Europe’s leading electricity source soon after 2030,” said Giles Dickson, WindEurope CEO.

The IEA attributes this to the rapidly falling costs of renewables. They predict continued strong growth in both onshore and offshore wind and see renewables as a whole accounting for 80 per cent of new power generation capacity in Europe between now and 2040.

“Wind farms get built because the wind industry makes big long-terms investments – in manufacturing facilities, skills development and R&D. We invest where we see forward stability in policy and regulation, and this helps us to keep reducing costs. With an ambitious European renewables target of at least 35 per cent by 2030, the wind industry could deliver even bigger volumes at competitive cost,” said Dickson.

The WEO is consistent with WindEurope’s recent ‘Scenarios for 2030’ report which shows that, with the right policies, wind could provide 30 per cent of Europe’s power and reach a total installed capacity of 323 GW by 2030.

“More renewables also means significant changes to the energy system. It’s now getting cheaper and easier to integrate variable renewables in the energy system, but we need major investments still in grid and inter-connectors. And we need ambitious policies to get more electricity into heating, transport and industry,” concluded Dickson.