Friday, October 27, 2023

German, EU wind-energy industry unsure it can meet expansion targets

2023/10/26
The wind turbines in a wind farm stand out of the morning fog. The European Commission presented on Tuesday new measures to boost the European wind power industry to reach the European Union's targets for renewable energy generation by 2030. Jan Woitas/dpa

Doubts are rising in the German and European Union wind-energy industry as to whether ambitious expansion targets are feasible, according to the organizers of the WindEnergy trade fair.

"It is true that the wind industry continues to be viewed optimistically for the most part," a statement said.

Based on market research conducted by the WindEnergy Trend Index (WEtix), compiled for the WindEnergy Hamburg trade fair, organizers said, "The results are clear: The general concerns about whether the expansion targets can be achieved."

The survey also asked market participants about the consequences of a lack of resources for the first time.

More than 500 market players reportedly took part in the survey in September and October.

"A large proportion of respondents see a strong to very strong impediment to the expansion targets due to the global lack of resources," it said.

Furthermore, the industry barometer sees a "low probability of achieving the expansion targets."

Industry representatives have long complained about high raw material prices and inflation.

Also, there is a widespread shortage of skilled workers and lengthy authorization processes for wind turbines stand in the way.

In view of the climate and energy crisis, the global assessment in the wind industry "continues to be quite positive, the mood predominantly good, both onshore and offshore," the industry barometer states.

"However, in Germany and Europe in particular, weaker negative changes can currently be observed, both in the short term and in the long term," it said.

© Deutsche Presse-Agentur GmbH

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