Zürcher Nachrichten - European summit looks to boost wind energy production

EUR -
AED 4.184829
AFN 71.778596
ALL 94.713473
AMD 419.412877
ANG 2.039871
AOA 1044.771654
ARS 1684.037898
AUD 1.65217
AWG 2.052229
AZN 1.941395
BAM 1.954275
BBD 2.295209
BDT 140.170644
BGN 1.926481
BHD 0.429577
BIF 3389.525002
BMD 1.139336
BND 1.47455
BOB 7.875167
BRL 5.89839
BSD 1.139611
BTN 106.961675
BWP 15.487597
BYN 3.305121
BYR 22330.988246
BZD 2.291872
CAD 1.617003
CDF 2583.449152
CHF 0.922361
CLF 0.026741
CLP 1052.462206
CNY 7.745378
CNH 7.752824
COP 3933.97956
CRC 517.396348
CUC 1.139336
CUP 30.192408
CVE 110.800888
CZK 24.27816
DJF 202.483266
DKK 7.480658
DOP 67.680991
DZD 151.951028
EGP 56.43136
ERN 17.090042
ETB 180.756124
FJD 2.576894
FKP 0.862156
GBP 0.863068
GEL 3.01359
GGP 0.862156
GHS 12.817976
GIP 0.862156
GMD 83.171943
GNF 10003.37167
GTQ 8.694217
GYD 238.503349
HKD 8.935643
HNL 30.443504
HRK 7.539903
HTG 148.9438
HUF 354.163079
IDR 20349.226973
ILS 3.420345
IMP 0.862156
INR 107.467926
IQD 1492.530337
IRR 1566872.020062
ISK 144.115067
JEP 0.862156
JMD 179.479977
JOD 0.807834
JPY 184.272854
KES 147.320493
KGS 99.635383
KHR 4571.590567
KMF 494.472282
KPW 1025.40292
KRW 1749.519432
KWD 0.35275
KYD 0.949701
KZT 552.928627
LAK 25139.452216
LBP 102027.551287
LKR 383.077949
LRD 207.644445
LSL 18.902021
LTL 3.364164
LVL 0.689173
LYD 7.297492
MAD 10.727424
MDL 20.206123
MGA 4813.695565
MKD 61.682975
MMK 2391.979433
MNT 4079.099526
MOP 9.205882
MRU 45.65363
MUR 54.380945
MVR 17.603174
MWK 1979.027259
MXN 19.943058
MYR 4.65765
MZN 72.807828
NAD 18.902016
NGN 1567.875065
NIO 41.711525
NOK 11.31707
NPR 171.141482
NZD 2.017953
OMR 0.438641
PAB 1.139661
PEN 3.898852
PGK 4.993996
PHP 69.855021
PKR 316.792839
PLN 4.291823
PYG 6955.543036
QAR 4.152924
RON 5.244483
RSD 117.477374
RUB 89.906115
RWF 1670.266774
SAR 4.278251
SBD 9.173881
SCR 14.7775
SDG 683.602068
SEK 11.094411
SGD 1.474647
SHP 0.850629
SLE 28.259714
SLL 23891.313258
SOS 651.134774
SRD 42.70578
STD 23581.957684
STN 25.065395
SVC 9.971177
SYP 125.933213
SZL 18.902007
THB 37.947303
TJS 10.547288
TMT 3.987676
TND 3.346804
TOP 2.743248
TRY 53.039861
TTD 7.744822
TWD 36.299026
TZS 2996.451799
UAH 51.151345
UGX 4182.626747
USD 1.139336
UYU 45.746318
UZS 13689.124042
VES 707.246307
VND 29964.540351
VUV 136.6644
WST 3.173617
XAF 655.445647
XAG 0.019435
XAU 0.00028
XCD 3.079113
XCG 2.053798
XDR 0.816281
XOF 652.839983
XPF 119.331742
YER 271.874128
ZAR 19.349192
ZMK 10255.396502
ZMW 20.528345
ZWL 366.865771
  • CMSC

    -0.1160

    21.93

    -0.53%

  • RBGPF

    3.7000

    65

    +5.69%

  • GSK

    0.6100

    52.5

    +1.16%

  • AZN

    2.7300

    188.41

    +1.45%

  • NGG

    -0.4100

    83.01

    -0.49%

  • RIO

    -1.3700

    93.74

    -1.46%

  • BCC

    1.2600

    81.02

    +1.56%

  • BCE

    -0.2800

    22.92

    -1.22%

  • JRI

    0.2100

    12.79

    +1.64%

  • CMSD

    -0.1600

    21.77

    -0.73%

  • BTI

    0.2800

    62.76

    +0.45%

  • VOD

    0.0300

    13.89

    +0.22%

  • RELX

    0.4200

    31.34

    +1.34%

  • RYCEF

    0.3900

    18.39

    +2.12%

  • BP

    -0.5900

    37.13

    -1.59%

European summit looks to boost wind energy production
European summit looks to boost wind energy production / Photo: Christian Charisius - POOL/AFP

European summit looks to boost wind energy production

Nine European countries held a summit on Monday aimed at scaling up wind power generation in the North Sea, spurred by the fallout of the Ukraine war and the push for renewables.

Text size:

"We've seen over the past months what the impact is if you are too dependent on outsiders for the supply of energy," said Belgian Prime Minister Alexander De Croo, hosting the meeting in the coastal town of Ostend.

The leaders of EU members France, Germany, Ireland, Denmark, the Netherlands and Luxembourg, along with European Commission chief Ursula von der Leyen, attended the summit.

Norway and Britain also participated, with the latter represented by UK Energy Security Secretary Grant Shapps.

In a joint op-ed published in Politico, the leaders of the nine nations emphasised the need to build more offshore wind turbines "to reach our climate goals, and to rid ourselves of Russian gas, ensuring a more secure and independent Europe".

Several leaders pointed to the need also to ensure security of offshore wind farms and their interconnectors, in the wake of recent reports of a Russian spy ship in the North Sea and last year's sabotage of the Nord Stream gas pipelines in the Baltic Sea.

De Croo said North Sea infrastructure, including turbines and undersea cables "are prone to sabotage or to espionage" and the topic was "an extremely important one" at the summit.

The summit's collective goal, stated by all the leaders, is to boost offshore wind power generation to 120 gigawatts by 2030 -- from just 30 GW today -- and at least 300 GW by 2050.

They recognised the size of the task requires massive investment, and that standardising equipment is needed to bring down costs and timescales.

A key point, hammered by French President Emmanuel Macron, is to ensure the supply chain for the push for more North Sea wind power is anchored in Europe, rather than elsewhere, and that the jobs created are there.

"We want to secure our industrial chain, because it's important to deploy this offshore wind power but we don't want to repeat the errors we've sometimes committed in the past, of deploying equipment made on the other side of the world," he said.

The comment appeared to be directed at China, which currently dominates the supply of critical elements, such as rare earths. The European Union is seeking to shift away from that reliance on China by bolstering its own industries.

German Chancellor Olaf Scholz said the "very important" summit underscored the potential to greatly expand renewable energy from the North Sea.

- Industry criticism -

WindEurope, the federation representing Europe's wind energy industry, believes the summit's ambitions are achievable.

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

The organisation says 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.

Investment to get Europe where it wants to be is huge: the EU has calculated the cost of reaching 300 GW in offshore energy production by 2050 at 800 billion euros ($900 billion).

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.

D.Smith--NZN