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EU energy plan 'needs billions'
14 Sep 2009Billions of euros need to be invested in offshore wind farms over the next few years if the European Union is to hit its target of generating 20% of energy from renewable sources by 2020, an influential industry lobby group said today.
Some €57 billion (£49.9 billion) is needed to build offshore wind farms and a further €20 billion to €30 billion to build the connections to bring the electricity onshore and pass it between countries, according to the European Wind Energy Association.
Its chief executive Christian Kjaer said financiers are ready to invest in the new infrastructure but want reassurances from governments that wind farms will get the links and support they need to get power into the continental electricity grid.
He called on the EU to create a single electricity grid to replace the current 27 national energy systems.
Reader views (1)
Strong wind at nighttime & wind turbines are ideal for EVs. And they can also operate as a storage. The vehicle-to-grid communication technology is helping the battery serve as a storage to prevent the costly blackout. That means utilities are shedding cost for additional storage facilities and ratepayers are selling electricity during peak hours so that EVs can make more economic sense, as we know.
- Hsr0601, OTHER, 14/09/2009 13:05
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