Zürcher Nachrichten - European leaders vow to boost North Sea wind energy production

EUR -
AED 4.240317
AFN 72.167233
ALL 95.287507
AMD 425.41801
ANG 2.067291
AOA 1059.936105
ARS 1664.962855
AUD 1.643568
AWG 2.081193
AZN 1.962636
BAM 1.951827
BBD 2.330297
BDT 141.88239
BGN 1.928114
BHD 0.43636
BIF 3452.939522
BMD 1.154614
BND 1.487534
BOB 7.975832
BRL 5.994417
BSD 1.156945
BTN 110.059897
BWP 15.649957
BYN 3.19563
BYR 22630.44378
BZD 2.326996
CAD 1.610387
CDF 2627.902087
CHF 0.922566
CLF 0.026898
CLP 1058.620194
CNY 7.819915
CNH 7.823598
COP 4129.686513
CRC 533.893967
CUC 1.154614
CUP 30.597284
CVE 110.438583
CZK 24.161983
DJF 206.029313
DKK 7.473939
DOP 67.384481
DZD 154.331528
EGP 59.721162
ERN 17.319217
ETB 186.527867
FJD 2.562439
FKP 0.865024
GBP 0.862722
GEL 3.05952
GGP 0.865024
GHS 13.520351
GIP 0.865024
GMD 84.287358
GNF 10134.725897
GTQ 8.798165
GYD 241.480494
HKD 9.048852
HNL 30.938642
HRK 7.536512
HTG 151.274959
HUF 355.875251
IDR 20784.215229
ILS 3.400986
IMP 0.865024
INR 110.233583
IQD 1512.544967
IRR 1587796.965194
ISK 143.464052
JEP 0.865024
JMD 182.703498
JOD 0.818613
JPY 185.148779
KES 149.383845
KGS 100.97069
KHR 4647.6684
KMF 493.020169
KPW 1038.985899
KRW 1759.188004
KWD 0.357111
KYD 0.96185
KZT 563.61749
LAK 25404.382801
LBP 103608.985153
LKR 389.550342
LRD 210.716361
LSL 19.074437
LTL 3.409276
LVL 0.698415
LYD 7.373839
MAD 10.688272
MDL 20.071313
MGA 4853.84751
MKD 61.649656
MMK 2423.735731
MNT 4131.993397
MOP 9.316215
MRU 46.197984
MUR 55.283265
MVR 17.850046
MWK 2006.26364
MXN 20.138822
MYR 4.6942
MZN 73.787365
NAD 19.062473
NGN 1569.282977
NIO 42.575283
NOK 10.983669
NPR 176.51713
NZD 1.983755
OMR 0.443925
PAB 1.15426
PEN 3.961193
PGK 5.063796
PHP 70.989127
PKR 321.965732
PLN 4.244883
PYG 7126.7435
QAR 4.209146
RON 5.238142
RSD 117.350455
RUB 83.103422
RWF 1694.144839
SAR 4.334363
SBD 9.289535
SCR 15.371858
SDG 693.343039
SEK 10.93764
SGD 1.486573
SHP 0.862036
SLE 28.46104
SLL 24211.690739
SOS 661.266014
SRD 43.267999
STD 23898.188549
STN 24.508692
SVC 10.099527
SYP 127.62196
SZL 19.02849
THB 38.020959
TJS 10.768771
TMT 4.052697
TND 3.358485
TOP 2.780034
TRY 53.258783
TTD 7.82913
TWD 36.524376
TZS 3013.54149
UAH 51.975483
UGX 4354.173646
USD 1.154614
UYU 46.725283
UZS 13884.23942
VES 654.63546
VND 30391.184998
VUV 137.727769
WST 3.170978
XAF 656.206771
XAG 0.018108
XAU 0.000277
XCD 3.120404
XCG 2.080183
XDR 0.816111
XOF 656.209613
XPF 119.331742
YER 275.549079
ZAR 19.103039
ZMK 10392.916986
ZMW 20.54891
ZWL 371.785391
  • RBGPF

    1.4900

    61.5

    +2.42%

  • CMSC

    -0.0500

    22.31

    -0.22%

  • RYCEF

    -0.1500

    16.37

    -0.92%

  • NGG

    0.9100

    81.08

    +1.12%

  • AZN

    1.8800

    183.43

    +1.02%

  • BTI

    0.2600

    59.95

    +0.43%

  • GSK

    0.6100

    51.25

    +1.19%

  • RELX

    0.4200

    34.94

    +1.2%

  • VOD

    -0.1400

    14.67

    -0.95%

  • RIO

    0.4900

    101.42

    +0.48%

  • BCE

    0.4000

    24.58

    +1.63%

  • CMSD

    -0.1300

    22.28

    -0.58%

  • BCC

    2.0400

    70.01

    +2.91%

  • JRI

    0.2600

    12.72

    +2.04%

  • BP

    -1.0500

    42.67

    -2.46%

European leaders vow to boost North Sea wind energy production
European leaders vow to boost North Sea wind energy production / Photo: Christian Charisius - POOL/AFP

European leaders vow to boost North Sea wind energy production

Nine European countries pledged at a summit Monday to massively scale up wind power generation in the North Sea to further climate goals and durably move further away from dependency on Russian fossil fuel supplies.

Text size:

EU members France, Germany, Ireland, Denmark, the Netherlands and Luxembourg, along with Britain and Norway, signed on to the ambition, set out in a declaration during a summit in Belgium's coastal town of Ostend.

At the same time, leaders underscored the need to defend the existing and future offshore infrastructure, following recent reports of a Russian spy vessel in the North Sea and last year's sabotage of the Nord Stream gas pipelines in the Baltic Sea.

The collective goal is to boost offshore wind power generation to 120 gigawatts by 2030 -- from just 30 GW today -- and at least 300 GW by 2050.

That will go to help meet Europe's drive for a carbon-neutral future and in response to energy "blackmail" from Russia as it pursues its war in Ukraine, they said.

"Because of Russia's brutal war on Ukraine, it has made it absolutely clear that we need to produce more energy ourselves," said Danish Prime Minister Mette Frederiksen.

The European Union has calculated that installing enough offshore wind turbines to reach that capacity in 2050 will cost 800 billion euros ($900 billion).

"We will take all relevant and appropriate steps to accelerate regulatory and permitting processes for renewable energy and the related grid infrastructure," the leaders said.

The ambition was to make the North Sea "the biggest green power plant in the world," Belgian Prime Minister Alexander De Croo said in a news conference flanked by the other leaders.

- European self-reliance -

French President Emmanuel Macron, backed by the prime ministers of the Netherlands and Luxembourg, insisted that the expertise and equipment to be ploughed into the project should come from Europe, not elsewhere.

"We want a European industry to make this, and not repeat the errors we've sometimes made over past decades," he said.

The comment was apparently directed at China, which currently dominates the solar panels market and is a leader in supplying wind turbines. The European Union is seeking to shift away from its reliance on China by fostering its own industries.

German Chancellor Olaf Scholz highlighted the role the EU could play as a regional energy provider.

"The energy transport lines are Europe's vital arteries," he said. "We are not only producing energy for ourselves but also for our neighbours."

But it highlighted a lack of "adequate funding mechanisms" and recruitment in the sector.

The organisation said Europe needs to build the offshore infrastructure to add 20 GW in output per year, yet the sector currently has capacity for just seven GW annually, with supply chain bottlenecks for cables, substations and foundations, and in the availability of offshore wind vessels.

Britain has the biggest fleet of offshore wind farms, 45 of them, currently producing 14 GW, with plans to expand capacity to 50 GW by 2030.

Germany's 30 wind farms produce eight GW, followed by the Netherlands with 2.8 GW and Denmark and Belgium both with 2.3 GW.

The other participating countries produce less than a gigawatt from their existing installations but share ambitions to greatly ramp up wind energy capacity.

Y.Keller--NZN