Investments in European wind power hit $29.41 billion last year

by Dramelin 8:00 AM 0 comments

Europe`s total wind capacity is now 153.7 GW, WindEurope said, and wind power generated nearly 300,000 GW hours in 2016, covering 10.4 percent of the EU`s electricity demand. "With all the talk about the transition to low-carbon, things should be looking good long-term for the wind industry in Europe," Dickson commented. "Wind energy is now a mainstream and essential part of Europe`s electricity supply," Giles Dickson, CEO of WindEurope, said in a news release. Last year saw 27.5 billion euros ($29.4 billion) invested to finance the development of wind energy in Europe, a 5 percent increase compared to 2015, according to new figures from industry body WindEurope. In total, 12.5 gigawatts (GW) of capacity was added across the European Union (EU) ? 3 percent less than installations in 2015 ? with Germany installing 44 percent of the total.