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EU's von der Leyen pledges more support for wind industry

  • European Commission President von der Leyen vows to accelerate the development of Europe's clean tech industry by fast-tracking permitting, improving auction systems, and prioritizing skills, access to finance, and stable supply chains. She emphasizes the importance of Europe leading the way in clean technology innovation.
  • Europe's offshore wind industry faces challenges in meeting green power goals and calls for increased policy support, especially if new wind farms are to be manufactured in Europe. The industry's struggles have contributed to a decrease in investment decisions for offshore wind farms.
  • The announcement of the EU's ambitious targets to expand renewable energy, with a goal of obtaining 42.5% of EU energy from renewable sources by 2030, has positively impacted wind turbine makers such as Siemens Energy, Vestas, and Nordex. Their shares have seen a significant increase.
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Business Recorder broke the news in on Wednesday, September 13, 2023.
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