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The investments in new wind farms in the EU decreased by 19% in 2017

The investments in new wind farms in the EU decreased by 19% to 22.3 billion USD in 2017, but the capacity is increasing, according to the latest WindEurope’s annual report.

Last year were built with a capacity of 11.5 gigawatts, compared to 10.3 gigawatts in 2016, indicating that the cost of wind projects fell from 2.7 billion EUR per gigawatt in 2016 to 1.9 billion per gigawatt in 2017.

The organization’s statistics show that 15.7 gigawatts were put into operation last year, which is 20% more than 2016. The installed wind power in the EU is now 169 gigabytes, of which 153 gigawatts are on land and 16 gigawatts are offshore.

In 2017, wind farms in the community generated a total of 336 terawatt hours of electricity, covering 11.6% of the EU’s energy needs.

Seven EU countries reports a record year in terms of building new wind farms. Germany produced new wind farms with capacity of 6.6 gigawatts, followed by Great Britain (4.3 gigawatts), France (1.7 gigawatts), Finland (577 megawatts), Belgium (476 megawatts), Ireland (426 megawatts) and Croatia (147 megawatts).

Meanwhile, the UK government warned not to drop manifesto pledge to block onshore wind farms after ministers suggest rules could be relaxed. The manifesto vowed to halt the spread of subsidized onshore wind turbines after more than 100 Conservative MPs wrote to the Prime Minister calling for wind subsidies to be scrapped.

About Orsolya Harkai

Orsolya Harkai is 24 year-old girl from Finland. She is writer and journalist in Finance Apprise Journal, who will present you latest economy and stock exchange news, mostly from Europe, Asia and North America.

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