Forecast predicts European wind capacity will hit 252GW by 2022

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Forecast predicts European wind capacity will hit 252GW by 2022

first_imgForecast predicts European wind capacity will hit 252GW by 2022 FacebookTwitterLinkedInEmailPrint分享Windpower Monthly:Wind energy capacity will grow at an average 17.4GW per year up to 2022 across the continent, according to a new report by WindEurope. The trade body forecasts 86.9GW will be installed over next five years, reaching a total of 258GW in operation in Europe by 2022.Germany, Spain and the U.K. will continue to lead Europe for highest national capacity, but countries such as the Benelux nations, Norway, Turkey and France will all make important contributions to the 258GW total.Globally, Europe will account for a quarter of new total capacity additions by 2022. It also argued that with more encouraging policy frameworks in place, even more new capacity could be added in the next five years.The majority of the 86.9GW increase will be onshore, WindEurope stated in its report, Wind energy outlook in Europe: 70.4GW (81%) compared to 16.5GW (19%) of new offshore wind. Currently, onshore wind accounts for 90.7% (160.2GW) of Europe’s total installed capacity of 176.5GW, according to Windpower Intelligence, the research and data division of Windpower Monthly.Germany will remain the country with the most installed capacity, reaching 73GW in 2022, up from 59GW today. Spain (30GW by 2022, up from 23.2GW today) and the UK (26GW by 2022, up from 19.3GW today) will remain in second and third place, WindEurope stated. However, due to strong growth in other countries, Germany’s share of the new installations will fall from 40% on average over the last five years to 24%, it added.More: European capacity to exceed 250GW by 2022last_img read more

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Europe’s green utilities outperforming competitors in current downturn

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg:Europe’s green energy companies are emerging as shelter for investors in market fallout from the coronavirus.Utilities in the region are holding up better than other industries in the health crisis. While the Stoxx 600 Index of European shares fell 21% since the start of the year, the utilities component of that measure has declined only 14%. Within that, renewable power producers are outperforming their less green rivals.The trend is most clear in Europe, where renewables developers rely on power purchase agreements and feed-in tariffs for the electricity they sell. Those deals have left the greener utilities insulated from the slump in power prices that followed lockdowns in major markets.The best performers are the greenest utilities including the Danish offshore wind developer Orsted A/S along with Italy’s Enel SpA and Energias de Portugal SA. Others more dependent on wholesale power prices include Centrica Plc, Engie SA and Electricite de France SA, each of which has scaled back dividends and withdrawing earnings guidance because of the jolt from the virus.“When we run scenarios around the impact of Covid-19, we find that networks and renewables segments are largely insulated,” Deepa Venkateswaran, a managing director at Sanford C. Bernstein & Co. LLC. “We see the long-term renewables growth trends unchanged. For integrated and power price exposed companies, market reactions are in line with our deeply depressed worst-case estimates.”The pandemic and subsequent economic downturn “will marginally delay the renewable energy transition, but it will not be knocked off course,” analysts including John Musk at RBC Europe Ltd said. “Project delays may occur due to supply-chain disruption, but equally there could be positives as renewables operators may even see reduced competition in bids by more challenged and leveraged players.[Rachel Morison, Ronan Martin]More: Green utilities are proving a safe haven in market rout Europe’s green utilities outperforming competitors in current downturnlast_img read more

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