European Wind Energy Association (EWEA)

By Christian Kjaer, EWEA CEO

Investing in wind energy makes absolute economic sense.

Europe’s ageing power plants need replacing. It makes economic sense to replace a growing proportion of those conventional power plants with wind energy.

This is because wind energy does the following:

 

  1. Creates jobs and economic growth in Europe. 238,000 people worked in EU wind energy in 2010.
  2. Reduces the cost of importing fossil fuels. Wind energy avoided €5.71 billion of fuel costs in 2010.
  3. Reduces the risks of Europe being dependent on other countries for its energy.
  4. Costs no more – and soon less – than conventional power sources. Today, production cost of a wind farm on land is broadly cost competitive with building a new coal or gas power station and the electricity costs are half of those from a new nuclear power plant. And that is in a situation in which some of the environmental and health costs of extracting and burning fossil fuels are not covered by power producers and therefore not included in the price of energy.
  5. Reduces the risk associated with rising fossil fuel prices.

 

These are five reasons why it makes economic sense for EU national Governments to achieve the legal requirement they made to get 20% of their energy from renewable sources by 2020.

But Governments are making it unnecessarily difficult and expensive to achieve that legal obligation.

How? Through political campaign rhetoric that agonise financiers into raising the cost of capital, and by introducing retroactive changes to wind energy policies for those that have invested on the basis of the regulations in place when the investments were made.

That is why the European wind industry – through the European Wind Energy Association – is publishing an unparalleled statement warning against the “wave of uncertainty” sweeping across Europe.

The statement warns that “This political uncertainty is deterring financiers and investors and has already caused job losses and negative financial result announcements.”

We conclude that “By deterring wind energy investment, Governments are throwing away opportunities to create jobs and growth in Europe, improve security of energy supply, cut the cost of fossil fuel imports, reduce pollution and tackle climate change.”

Ignore the warning at Europe’s peril.

Read the statement.

Originally published on the EWEA blog.

 

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Comments

  1. Frankly this issue is one where we the Tax Payers are totally fed up with the European Wind Energy Association and its pontifications.

    You have had too good for too long.

    You get subsidies to build these:

    huge grants just to build these often at 35% minimum and more often than not over 50%:

    taxation reductions at the start, no corporation taxes for 5 years (10 years in some places)

    huge electrical tarrifs for selling electricity based upon a theoretical generation load that is seldom ever realised

    payments for electricity up front, before you ever build these facilities.

    inflation linked electricity tarrif rises every year.

    you have machinery that is barely 30% efficient in capturing energy and barely 30% usable because of the nature of winds.

    The littany of these casts a total doubt about what you do. REapinf €urocents 40 per kVA is a nonsense when natural/normal back-loaded electricity is barely €urocents 7.5 per kVA.

    No wonder you can sell on these plants within a year of having them funded: the mugs in the game are the Tax Payers yet again.

    You have had it too good for too long. This is not new technology it is old hat.

    We need the newer generation of wind turbines that cost 20% OF YOURS AND ONES THAT ARE 60+% EFFICIENT IN CAPTURING WIND ENERGY. THEY ARE AROUND BUT YOU ARE STIFLING THEM

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