RE: $870m Hypromag equivalent valuation10 Jan 2025 09:46
"The EU wants wind power to account for 34% of electricity consumed by 2030 and more than 50% by 2050..yet admits that it's mired with problems>
EU's 2024 new wind capacity less than half amount needed for climate goal, industry group says
(Reuters) - Wind power provided 20% of the electricity consumed in Europe last year, but the capacity built during the year was less than half of what is needed to meet the European Union's 2030 energy and climate targets, industry group WindEurope said on Friday.
Europe built 15 gigawatts (GW) of new wind energy last year. European Union countries accounted for 13 GW of this, but to reach its 2030 climate targets the 27-nation bloc should be building 30 GW a year of new wind farms.
The global offshore wind industry in particular has faced a challenging few years due to infrastructure, grid connection and logistics issues, permitting delays and higher component costs.
The EU wants wind power to account for 34% of electricity consumed by 2030 and more than 50% by 2050."