Over the next 15 years the European Wind Energy Association (EWEA) expects wind power installations in Europe to reach 320 GW of capacity, which could serve 24.4% of electricity demand across the region.
Today, Europe's 128.8 GW can meet over 10% of European power consumption in a normal wind year.
With 254 GW from onshore wind and 66 GW coming from offshore installations, the European wind industry will provide up to 334,000 direct and indirect jobs by 2030 in the most feasible scenario by EWEA.
Gunnar Groebler, Head of Business Area Wind at Vattenfall, says.
“Indeed, the market outlook for wind power is very promising. Wind is a highly attractive market with reasonable returns and we as Vattenfall want to be a leader in this industry – we want to be wind champions.”
However, the forecasts are contingent on a number of factors on the political and regulatory front including a clear governance structure for the EU-wide 27% renewables target for 2030, which was agreed last year.
“One example is the regulatory frameworks. They are constantly changing towards more and more market orientation. Hence influencing the stability and robustness of these frameworks in Europe and in our markets will be a key success factor,” says Groebler and continues “Therefore we have to outperform the market in our cost and supply chain management. This is not only relevant for today but even more for the future.”