22195
Wind Energy Provides 8% of Europe’s Electricity
Energy

Wind Energy Provides 8% of Europe’s Electricity

European Union's grid connected cumulative capacity in 2014 reached 129 GW, meeting 8% of European electricity demand, equivalent to the combined annual consumption of Belgium, the Netherlands, Greece and Ireland.
According to a Joint Research Center report, the impressive growth of the industry will allow at least 12% electricity share by 2020, a significant contribution to the goal of the European energy and climate package of 20% share of energy from renewable sources, Cleantechnica reported.
The 2014 JRC wind status report presents the technology, market and economics of the wind energy sector with a focus on EU. Wind power is the renewable energy that has seen the widest and most successful deployment over the last two decades, increasing the global cumulative capacity from 3 GW to 370 GW.
Last year represented an annual record with 52.8 GW of wind turbines capacity installed worldwide, a 48% increase compared to 2013 and 17% over the 2012 record of 45.2 GW.
With 23.2 GW of new installations and a market share of 44%, China is well ahead of EU's member states, which together installed 13.05 GW.
The EU, however, still leads in cumulative capacity and its 129 GW onshore and offshore wind installations, allowed six countries, namely Denmark, Portugal, Ireland, Spain, Romania and Germany, to generate between 10 and 40 % of their electricity from wind.
European turbine manufacturers accounted for 78% of the non-China world market in 2014. In a context of high competition and diminishing turbine prices, manufacturers managed to improve their balance sheet, thanks to better cost management and reduced raw materials costs.
The cost of generating wind energy continues its downward trend, highly favored by a reduction in the cost of project financing.

 

Short URL : http://goo.gl/UbfE7g

You can also read ...

Italy's Ansaldo Set to Produce Power From Iran's South Pars Gas Flares
Italy's Ansaldo Energia signed a memorandum of understanding...
Norway’s Saga Signs $2.9b Iran Solar Power Venture
Norway’s Saga Energy signed a €2.5 billion ($2.94 billion)...
Total Says Will Try to Move Ahead With Iran Gas Project
French oil and gas major Total will try to push ahead with its...
French, German Groups Ink Water Agreements
French and German groups on Wednesday signed broad-ranging...
Tashkent Eyes Iran Oil Import, Mulls Transport Options
Uzbekistan is willing to join the list of Iran's crude oil...
Iraq Asks BP to Develop Kirkuk Fields
Iraqi Oil Minister Jabar al-Luaibi has asked BP to "quickly...
Brent, WTI Prices Pick Up
Oil prices rose on Wednesday as weekly US crude inventories...

Trending

Googleplus