Dubai Telegraph - European leaders vow to boost North Sea wind energy production

EUR -
AED 4.225097
AFN 74.780434
ALL 93.330801
AMD 421.407279
AOA 1054.980993
ARS 1718.813836
AUD 1.638566
AWG 2.073722
AZN 1.931279
BAM 1.955834
BBD 2.32072
BDT 142.282458
BHD 0.434502
BIF 3409.003329
BMD 1.15047
BND 1.477745
BOB 14.028242
BRL 5.85509
BSD 1.15222
BTN 109.797896
BWP 15.671134
BYN 3.368229
BYR 22549.209477
BZD 2.31742
CAD 1.615329
CDF 2602.362517
CHF 0.932312
CLF 0.026952
CLP 1064.196427
CNY 7.768668
CNH 7.770308
COP 3732.296833
CRC 523.402216
CUC 1.15047
CUP 30.487452
CVE 110.266905
CZK 24.201687
DJF 205.183544
DKK 7.475425
DOP 66.840283
DZD 152.991799
EGP 57.937756
ERN 17.257048
ETB 185.975987
FJD 2.54875
FKP 0.856378
GBP 0.856208
GEL 3.002944
GGP 0.856378
GHS 13.464233
GIP 0.856378
GMD 85.134534
GNF 10118.174765
GTQ 8.791152
GYD 241.44417
HKD 9.022848
HNL 30.884131
HRK 7.532242
HTG 150.654566
HUF 363.935611
IDR 20734.91849
ILS 3.498723
IMP 0.856378
INR 109.718701
IQD 1509.412951
IRR 1582183.690469
ISK 142.002458
JEP 0.856378
JMD 182.520773
JOD 0.81571
JPY 181.706937
KES 148.912056
KGS 100.608301
KHR 4656.14113
KMF 492.40131
KRW 1648.634626
KWD 0.356059
KYD 0.960208
KZT 546.57469
LAK 26060.450125
LBP 103186.685366
LKR 386.866682
LRD 207.983592
LSL 19.003028
LTL 3.397038
LVL 0.695907
LYD 7.344127
MAD 10.743586
MDL 20.118347
MGA 4908.020781
MKD 61.526063
MMK 2415.603091
MNT 4123.628378
MOP 9.30728
MRU 46.147195
MUR 54.118279
MVR 17.774842
MWK 1998.00846
MXN 19.907397
MYR 4.712444
MZN 73.518045
NAD 19.002863
NGN 1569.229406
NIO 42.400732
NOK 10.949481
NPR 175.674744
NZD 1.960268
OMR 0.442354
PAB 1.15222
PEN 3.891667
PGK 5.085022
PHP 70.445586
PKR 319.946845
PLN 4.313485
PYG 6873.118715
QAR 4.200473
RON 5.246722
RSD 117.351337
RUB 93.072594
RWF 1689.707155
SAR 4.307508
SBD 9.285622
SCR 15.444045
SDG 690.281641
SEK 11.011774
SGD 1.477163
SLE 28.128442
SOS 658.502788
SRD 43.494652
STD 23812.403546
STN 24.500104
SVC 10.082087
SZL 19.006163
THB 38.482636
TJS 10.640984
TMT 4.026645
TND 3.381158
TRY 54.715507
TTD 7.813067
TWD 37.331651
TZS 3045.866681
UAH 51.685019
UGX 4312.07448
USD 1.15047
UYU 46.3408
UZS 13815.118537
VES 860.380507
VND 30217.666405
VUV 137.071361
WST 3.143332
XAF 655.959777
XAG 0.019614
XAU 0.000284
XCD 3.109202
XCG 2.076618
XDR 0.815807
XOF 655.96833
XPF 119.331742
YER 274.316386
ZAR 19.011457
ZMK 10355.61139
ZMW 21.654186
ZWL 370.450829
  • CMSC

    -0.0800

    21.76

    -0.37%

  • CMSD

    -0.0900

    22.02

    -0.41%

  • NGG

    -0.1100

    79.86

    -0.14%

  • BP

    -0.9600

    44.26

    -2.17%

  • BTI

    -1.0900

    59.56

    -1.83%

  • RIO

    -0.9500

    95.9

    -0.99%

  • RBGPF

    1.7800

    70.99

    +2.51%

  • BCE

    0.1100

    21.79

    +0.5%

  • AZN

    -11.6700

    157.97

    -7.39%

  • GSK

    -0.1800

    51.51

    -0.35%

  • RYCEF

    0.6500

    20.2

    +3.22%

  • BCC

    6.6500

    83.03

    +8.01%

  • JRI

    -0.1400

    12.82

    -1.09%

  • VOD

    -0.1700

    15.61

    -1.09%

  • RELX

    0.7400

    36.16

    +2.05%

European leaders vow to boost North Sea wind energy production
European leaders vow to boost North Sea wind energy production / Photo: Christian Charisius - POOL/AFP

European leaders vow to boost North Sea wind energy production

Nine European countries pledged at a summit Monday to massively scale up wind power generation in the North Sea to further climate goals and durably move further away from dependency on Russian fossil fuel supplies.

Text size:

EU members France, Germany, Ireland, Denmark, the Netherlands and Luxembourg, along with Britain and Norway, signed on to the ambition, set out in a declaration during a summit in Belgium's coastal town of Ostend.

At the same time, leaders underscored the need to defend the existing and future offshore infrastructure, following recent reports of a Russian spy vessel in the North Sea and last year's sabotage of the Nord Stream gas pipelines in the Baltic Sea.

The collective goal is to boost offshore wind power generation to 120 gigawatts by 2030 -- from just 30 GW today -- and at least 300 GW by 2050.

That will go to help meet Europe's drive for a carbon-neutral future and in response to energy "blackmail" from Russia as it pursues its war in Ukraine, they said.

"Because of Russia's brutal war on Ukraine, it has made it absolutely clear that we need to produce more energy ourselves," said Danish Prime Minister Mette Frederiksen.

The European Union has calculated that installing enough offshore wind turbines to reach that capacity in 2050 will cost 800 billion euros ($900 billion).

"We will take all relevant and appropriate steps to accelerate regulatory and permitting processes for renewable energy and the related grid infrastructure," the leaders said.

The ambition was to make the North Sea "the biggest green power plant in the world," Belgian Prime Minister Alexander De Croo said in a news conference flanked by the other leaders.

- European self-reliance -

French President Emmanuel Macron, backed by the prime ministers of the Netherlands and Luxembourg, insisted that the expertise and equipment to be ploughed into the project should come from Europe, not elsewhere.

"We want a European industry to make this, and not repeat the errors we've sometimes made over past decades," he said.

The comment was apparently directed at China, which currently dominates the solar panels market and is a leader in supplying wind turbines. The European Union is seeking to shift away from its reliance on China by fostering its own industries.

German Chancellor Olaf Scholz highlighted the role the EU could play as a regional energy provider.

"The energy transport lines are Europe's vital arteries," he said. "We are not only producing energy for ourselves but also for our neighbours."

But it highlighted a lack of "adequate funding mechanisms" and recruitment in the sector.

The organisation said Europe needs to build the offshore infrastructure to add 20 GW in output per year, yet the sector currently has capacity for just seven GW annually, with supply chain bottlenecks for cables, substations and foundations, and in the availability of offshore wind vessels.

Britain has the biggest fleet of offshore wind farms, 45 of them, currently producing 14 GW, with plans to expand capacity to 50 GW by 2030.

Germany's 30 wind farms produce eight GW, followed by the Netherlands with 2.8 GW and Denmark and Belgium both with 2.3 GW.

The other participating countries produce less than a gigawatt from their existing installations but share ambitions to greatly ramp up wind energy capacity.

Y.El-Kaaby--DT