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European producers of wind energy demand billion investment

Monday, 14 September 2009 13:39 energy
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European producers of Wind energy demand billion investment in wind planted at sea for production.

 

The European Union intends to respond to a fifth of its energy from renewable sources by 2020, dependence on imported oil and gas and objectives of climate change, reducing the emission of greenhouse gases.

Wind power will play an important role and could rise to 16 percent of all EU energy policy - one third of electricity consumption - in 2020, said the European Wind Energy Association.

The industry says it depends on the support of the Government, make a great effort to develop offshore wind farms in the next 20 years. They say it could replace electricity from coal-fired power generation plants and help the elderly, the increasing demand for energy in Europe.

About 57 billion euro (A96.26 billion) will be developing these wind farms, according to the Federation.

The industry can be planted in large wind turbines and more powerful in the seabed to produce about one third more than earth wind energy.

Other 20 billion (A33.78 billion) to 30 billion euros (A50.66 billion) must leave the energy consumed for power ashore and the current relations between European countries including transmit calls through North Sea, said EWEA.

CEO Christian Kjaer, warned that potential investors need to these projects, the signals coming from the farms EU governments to lead a new industry. He said that donors are willing to pump money promised in - but that wind farms will get the links and support needed to provide electricity to the grid.

Wind power is expensive and can compete with fossil fuels if oil hits record, such as US147 $ ($ A170.32) a barrel was trading at in July. In his defense,  said Kjaer, the cost of wind energy is stable - as opposed to fluctuating market prices for coal or natural gas.

Many European countries like Germany, which has already secured the grant price of energy for renewable wind energy, fed to the network.

Kjaer, said the offshore wind industry needs help to start working. The installation of wind farms requires vessels that cost 250 million euros (US $ A422.19),  he said. The maintenance of ships and ports should also be present to keep order.

He also called on EU countries, the development promises to move a single grid, which replaces a patchwork system of 27 national energy with few links between the countries.

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