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Bloomberg
Europe’s installed wind power capacity is seen ballooning to 258 gigawatts, or about a quarter of the world’s entire output, within five years.
European wind project developers will install an average of 17 gigawatts of capacity, or the equivalent of 17 nuclear reactors, annually for the next half decade, lobby group Wind Europe said in its Outlook to 2022 report.
Beyond that date, uncertainty over governments’ energy policy and a lack of ambition may hinder further progress toward 2030.
European nations have been leading the world in wind installations thanks to favourable policies to attract investment and subsidised auction processes.
The success in driving down costs for producing renewable energy pushed some countries to start awarding subsidy-free contracts at auction.
Although several subsidy-free projects have been given the go-ahead, they’re not yet the norm.
Since April 2017, Europe has had six zero-subsidy bids in offshore wind in the Netherlands and Germany.