The Fort Worth Press - European leaders vow to boost North Sea wind energy production

USD -
AED 3.673042
AFN 68.112673
ALL 94.198378
AMD 389.366092
ANG 1.801814
AOA 913.000367
ARS 1003.850089
AUD 1.538462
AWG 1.8025
AZN 1.70397
BAM 1.877057
BBD 2.018523
BDT 119.468305
BGN 1.877115
BHD 0.376794
BIF 2953.116752
BMD 1
BND 1.347473
BOB 6.908201
BRL 5.801041
BSD 0.99976
BTN 84.384759
BWP 13.658045
BYN 3.27175
BYR 19600
BZD 2.015164
CAD 1.39805
CDF 2871.000362
CHF 0.893615
CLF 0.035758
CLP 977.925332
CNY 7.243041
CNH 7.25914
COP 4389.749988
CRC 509.237487
CUC 1
CUP 26.5
CVE 105.825615
CZK 24.326204
DJF 178.031575
DKK 7.158304
DOP 60.252411
DZD 134.27504
EGP 49.650175
ERN 15
ETB 122.388982
EUR 0.95985
FJD 2.27595
FKP 0.789317
GBP 0.798085
GEL 2.740391
GGP 0.789317
GHS 15.795384
GIP 0.789317
GMD 71.000355
GNF 8617.496041
GTQ 7.717261
GYD 209.15591
HKD 7.78445
HNL 25.264168
HRK 7.133259
HTG 131.234704
HUF 395.000354
IDR 15943.55
ILS 3.70204
IMP 0.789317
INR 84.43625
IQD 1309.659773
IRR 42075.000352
ISK 139.680386
JEP 0.789317
JMD 159.268679
JOD 0.709104
JPY 154.770385
KES 129.468784
KGS 86.503799
KHR 4025.145161
KMF 472.503794
KPW 899.999621
KRW 1404.510383
KWD 0.30785
KYD 0.833149
KZT 499.179423
LAK 21959.786938
LBP 89526.368828
LKR 290.973655
LRD 180.450118
LSL 18.040693
LTL 2.95274
LVL 0.60489
LYD 4.882192
MAD 10.057392
MDL 18.23504
MGA 4666.25078
MKD 59.052738
MMK 3247.960992
MNT 3397.999946
MOP 8.015644
MRU 39.77926
MUR 46.850378
MVR 15.460378
MWK 1733.576467
MXN 20.428504
MYR 4.468039
MZN 63.910377
NAD 18.040693
NGN 1696.703725
NIO 36.786794
NOK 11.072604
NPR 135.016076
NZD 1.714237
OMR 0.385039
PAB 0.99976
PEN 3.790969
PGK 4.025145
PHP 58.939038
PKR 277.626662
PLN 4.16352
PYG 7804.59715
QAR 3.646048
RON 4.778204
RSD 112.339038
RUB 104.308748
RWF 1364.748788
SAR 3.754429
SBD 8.383555
SCR 13.693555
SDG 601.503676
SEK 11.036204
SGD 1.346604
SHP 0.789317
SLE 22.730371
SLL 20969.504736
SOS 571.332598
SRD 35.494038
STD 20697.981008
SVC 8.748021
SYP 2512.529858
SZL 18.034455
THB 34.480369
TJS 10.647152
TMT 3.5
TND 3.17616
TOP 2.342104
TRY 34.552504
TTD 6.790153
TWD 32.583504
TZS 2659.340659
UAH 41.35995
UGX 3694.035222
UYU 42.516436
UZS 12825.951341
VES 46.55914
VND 25419
VUV 118.722009
WST 2.791591
XAF 629.547483
XAG 0.031938
XAU 0.000369
XCD 2.70255
XDR 0.760497
XOF 629.547483
XPF 114.458467
YER 249.925037
ZAR 18.15566
ZMK 9001.203587
ZMW 27.617448
ZWL 321.999592
  • SCS

    0.2300

    13.27

    +1.73%

  • GSK

    0.2600

    33.96

    +0.77%

  • BCC

    3.4200

    143.78

    +2.38%

  • NGG

    1.0296

    63.11

    +1.63%

  • BTI

    0.4000

    37.38

    +1.07%

  • CMSC

    0.0320

    24.672

    +0.13%

  • CMSD

    0.0150

    24.46

    +0.06%

  • RIO

    -0.2200

    62.35

    -0.35%

  • RBGPF

    59.2400

    59.24

    +100%

  • BCE

    0.0900

    26.77

    +0.34%

  • RELX

    0.9900

    46.75

    +2.12%

  • VOD

    0.1323

    8.73

    +1.52%

  • RYCEF

    -0.0100

    6.79

    -0.15%

  • BP

    0.2000

    29.72

    +0.67%

  • JRI

    -0.0200

    13.21

    -0.15%

  • AZN

    1.3700

    65.63

    +2.09%

European leaders vow to boost North Sea wind energy production
European leaders vow to boost North Sea wind energy production / Photo: © POOL/AFP

European leaders vow to boost North Sea wind energy production

Nine European countries pledged at a summit Monday to massively scale up wind power generation in the North Sea to further climate goals and durably move further away from dependency on Russian fossil fuel supplies.

Text size:

EU members France, Germany, Ireland, Denmark, the Netherlands and Luxembourg, along with Britain and Norway, signed on to the ambition, set out in a declaration during a summit in Belgium's coastal town of Ostend.

At the same time, leaders underscored the need to defend the existing and future offshore infrastructure, following recent reports of a Russian spy vessel in the North Sea and last year's sabotage of the Nord Stream gas pipelines in the Baltic Sea.

The collective goal is to boost offshore wind power generation to 120 gigawatts by 2030 -- from just 30 GW today -- and at least 300 GW by 2050.

That will go to help meet Europe's drive for a carbon-neutral future and in response to energy "blackmail" from Russia as it pursues its war in Ukraine, they said.

"Because of Russia's brutal war on Ukraine, it has made it absolutely clear that we need to produce more energy ourselves," said Danish Prime Minister Mette Frederiksen.

The European Union has calculated that installing enough offshore wind turbines to reach that capacity in 2050 will cost 800 billion euros ($900 billion).

"We will take all relevant and appropriate steps to accelerate regulatory and permitting processes for renewable energy and the related grid infrastructure," the leaders said.

The ambition was to make the North Sea "the biggest green power plant in the world," Belgian Prime Minister Alexander De Croo said in a news conference flanked by the other leaders.

- European self-reliance -

French President Emmanuel Macron, backed by the prime ministers of the Netherlands and Luxembourg, insisted that the expertise and equipment to be ploughed into the project should come from Europe, not elsewhere.

"We want a European industry to make this, and not repeat the errors we've sometimes made over past decades," he said.

The comment was apparently directed at China, which currently dominates the solar panels market and is a leader in supplying wind turbines. The European Union is seeking to shift away from its reliance on China by fostering its own industries.

German Chancellor Olaf Scholz highlighted the role the EU could play as a regional energy provider.

"The energy transport lines are Europe's vital arteries," he said. "We are not only producing energy for ourselves but also for our neighbours."

But it highlighted a lack of "adequate funding mechanisms" and recruitment in the sector.

The organisation said Europe needs to build the offshore infrastructure to add 20 GW in output per year, yet the sector currently has capacity for just seven GW annually, with supply chain bottlenecks for cables, substations and foundations, and in the availability of offshore wind vessels.

Britain has the biggest fleet of offshore wind farms, 45 of them, currently producing 14 GW, with plans to expand capacity to 50 GW by 2030.

Germany's 30 wind farms produce eight GW, followed by the Netherlands with 2.8 GW and Denmark and Belgium both with 2.3 GW.

The other participating countries produce less than a gigawatt from their existing installations but share ambitions to greatly ramp up wind energy capacity.

S.Jones--TFWP