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Wind energy to power up says EU
.jpg) New forecasts for the development of energy across Europe suggest wind will be the biggest growth sector.
According to a new EU energy scenario developed by the European Commission, wind energy will account for a 41% growth from 2011 to 2020 – by far the largest growth beating any other energy sector including oil, nuclear and coal and gas.
New electricity production capacity measured in Gigawatts between 2010 and 2020 will see wind providing 136 GW, gas 55.5 GW, coal and other solid fossil fuels will supply 41.6 GW and other renewable energy sources will provide 76.5 GW, according to the new European Commission data. Oil will account for just 9 GW of electrical generating capacity growth.
Those numbers equate to 64% of new capacity to be renewable energy, 17% from gas, 12% from coal, 4% from nuclear and 3% from oil.
A total of 333 GW of new electrical generating capacity growth is predicted under the new EU energy trends to 2030 prediction.
Further evidence of the surge in wind power is provided by a forecast that by 2020, 14% of EU electricity in 2020 will come from wind, compared with 80 GW or 5% at present
Christian Kjaer, chief executive of the European Wind Energy Association says the figures support his organisation's belief that the wind industry is growing. “The European Commission recognises that wind power will play a very significant role in the European electricity system by 2020, in line with current market reality, EU legislation and industry expectations,” Kjaer, said, adding: “It means that wind energy will provide electricity for the equivalent of 120 million EU households by 2020.”
Furthermore, he said the European Commission has increased its expectations for EU wind energy capacity to 2020 compared with an earlier survey, predicting an 85% growth from 120 to 222 GW, similar to the EWEA's own predictions of wind-based generating capacity growth to 230 GW.
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Aker group grows value Norwegian industrial group Aker ASA says it value rose 16% in the first quarter to NOK 22.5 billion (US $3.74 bn) as its investments – mainly in oil and gas operations rose in value.
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