European’s energy independence impossible Unless…..
Under the unprecedented current energy crisis, wind targets have been raised by EU member states, sending a clear signal about the vital role that wind will play in achieving energy security goals.
Europe’s future as a leader in renewable energy, and its freedom to make independent energy decisions, is jeopardized by the severity of the current energy crisis. The wind industry can contribute to providing Europe with energy security and independence through domestic, clean and competitive sources, but only if the European governments act swiftly to guarantee it is treated as a strategic industry.
With this in mind, Siemens Gamesa, a pioneer and one of the global leaders in the sector, published its white paper “Europe’s energy sovereignty is in imminent danger: why we need the European wind industry – and how to safeguard it,” today. The white paper highlights how the recent exceptional pressures on the wind industry led to a challenging financial situation, and the steps that can be implemented at a Europe-wide level to mitigate these risks and realize the green energy transition.
While benefits of utility-scale wind energy are well understood, the white paper calls for the sector as a whole to be declared an industry of strategic importance, in order to be able to instigate the technology and capacity necessary to deliver the European Green Deal.
Siemens Gamesa’s CEO Jochen Eickholt comments, “This white paper clearly states the simple safeguards that the wind industry requires from regulators to deliver European energy security and timely energy transition. Without intervention and cooperation among governments, manufacturers and suppliers, the energy transition here in Europe will become unattainable and Europe will lose its position as a global leader in the wind industry. The implications for European countries, and the rest of the world, are obvious. We urge regulators to take on board the five imperatives detailed in this white paper, and to work with us to deliver them. Without these safeguards, Europe’s energy independence is impossible.”
Why Europe’s wind industry needs support and why it’s crucial to safeguard it
European wind turbine manufacturers currently create the most advanced wind turbines for use both on land and at sea. The industry also plays a leading role within the green hydrogen production value chain, which will be crucial in the future for creating both sustainable industries and energy supplies for households. The industry not only serves the domestic market, it also creates new opportunities abroad.
However, the sector’s ability to produce profitably is currently threatened by auctions solely driven by price, slow permitting and, ultimately, soaring prices for energy, commodities and transport. On top of that, the pandemic resulted in a scarcity of key components for wind turbines, and Russia’s war of aggression against Ukraine worsened supply chain issues. As a result, wind turbine manufacturers are operating at massive losses and cannot invest to satisfy growing demands for wind energy.
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