Orders for onshore wind turbines in the EU have decreased by 36% in the third quarter of 2022 compared to the same period last year, putting climate targets in danger, according to a report by the wind association WindEurope, according to Energy Live News.
According to the report’s authors, the reduction was caused by slow permit processing, inflation-related cost pressures, and volatility in the EU’s electricity market.
With Over 322 Megawatts Worth of Orders, Finland Led the Way, Followed by Sweden and Germany.
With 7.7 GW total orders in 2022, Europe is still far from meeting its energy and climate commitments. By 2030, the EU hopes to have 510 GW of wind power. Accordingly, up until 2030, the wind sector should add 39 GW of new wind capacity annually. According to WindEurope, Europe would significantly miss this goal given the present pace of turbine orders.
According to Energy Live News, WindEurope has urged governments to expedite the growth of wind energy capacity in order to meet their climate goals.
There has never been a greater pressing need for the rapid adoption of wind energy for energy security, the environment, and reasonable energy prices. This calls for a radical shift in EU policy to quicken the approval of new projects, increase investor visibility for renewable energy sources, and expand and reinforce the European wind supply chain, according to WindEurope.
According to Power Engineering International, the sector has been impacted by the increase in the cost of raw materials, wind turbine components, and international shipping.
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A Market that Isn’t Big Enough Has Continued to Have an Impact on The Wind Energy Supply Chain.
Government representatives and heads of state encouraged the European Commission to speed up the permission procedure simplification at the European Council meeting earlier this month, according to WindEurope.
In a joint letter, WindEurope requested that the commission ensure that the deployment of renewable energy is handled as a matter of overriding public interest, which would increase the processing period for permits to a maximum of two years.
Before developers and investors place further orders for turbines and move forward with new projects, it is necessary to clarify future income in addition to streamlining the approval process.
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The recovery and resilience money must be used to improve and extend the wind energy supply chain, and the European Union must make sure that this happens. The European Investment Bank is another important player in the supply chain’s support. The same goes for tax credits like those the United States currently uses under its Inflation Reduction Act, according to WindEurope.