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WindEnergy Hamburg Press Conference: Wind industry ready to deliver Europe’s green recovery

The EU’s Recovery Strategy, announced last week, adds a new dimension to the event. The further expansion of wind energy is set to be central to Europe’s economic recovery and to the EU Green Deal

Wind and solar could power business all over Europe

The private sector accounts for around half of Europe’s electricity consumption. Powering corporate consumers with renewable energy could deliver massive reductions in CO2 emissions, save businesses money and make it easier for people to invest in renewables.

Large energy consumers such as chemical and aluminium producers, ICT and food & drink companies gathered in Brussels today with renewable energy producers to consider how to unlock this potential. The RE-Source 2017 event brought together industry leaders such as Google, Mars, IKEA and Alcoa with energy players EDF Energies Nouvelles, ENEL Green Power, Envision and Vestas with policy makers.

The volume of ‚Corporate Renewable Power Purchase Agreements‘ (PPAs) – which allow companies to purchase renewable energy directly from an energy generator – almost tripled in Europe in 2016, with over 1 GW of capacity contracted. Globally, more than 100 top companies have now committed to procure 100% renewable elegctricity via the RE100 initiative,together accounting for 150 TWh of yearly consumption.

With the right policies, wind could provide 30% of Europe’s power by 2030

Wind energy has the potential to provide up to 30% of Europe’s power by 2030 according to figures released today by WindEurope in its Outlook to 2020 and Scenarios for 2030 reports.

According to WindEurope’s projections, Europe could be on course for an average installation rate of 12.6 GW per year in the years up to 2020. This would take Europe to a total of 204 GW by 2020. By this date wind would be Europe’s largest renewable energy source, surpassing hydro and providing 16.5% of Europe’s electricity demand. However, this growth is likely to be concentrated in just six countries (Germany, UK, France, Spain, Netherlands and Belgium), with Central and Eastern Europe lagging well behind.