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European wind industry predicts bumper 2010

Europe is about to peer its put in wind power capability build up by means of 13 in line with cent as the field continues to defy the industrial downturn, in keeping with new figures from the European Wind Energy Association (EWEA).

The newest replace, launched to coincide with the next day to come’s Global Wind Day, predicts that European wind farm builders will upload 10GW of latest capability this 12 months, expanding overall put in capability by means of 13 in line with cent to just about 85GW.

“We predict another strong year for wind turbine installations in Europe, repeating the high level achieved in 2009,” stated Christian Kjaer, leader government of the EWEA, including that there was once additionally rising proof that the field had ridden out the worst of the recession. “What is encouraging is that, unlike in 2009, the 2010 results consist of orders placed after the start of the financial crisis. This shows continued and strong investor confidence in the technology.”

Speaking to newshounds on the document’s release, he added that orders for brand spanking new generators have been choosing up because of larger availability of capital, despite the fact that he admitted that giant offshore initiatives have been nonetheless discovering it tricky to safe loans and as outcome there was once a demand for the European Investment Bank (EIB) to proceed to step up lending.

Last week, the EIB underlined its rising hobby within the sector by means of approving £250m to Danish power large Dong Energy to lend a hand finance its involvement in the United Kingdom’s Thames Gateway offshore wind farm.

The newest figures from the EWEA expose that the industrial disaster in Spain is anticipated to result in an important decline in new installations this 12 months. But new installations in japanese European states reminiscent of Romania and Bulgaria are anticipated to greater than make amends for this decline, whilst France and Italy are anticipated to each and every upload about 1GW of latest capability.

(BusinessGreen)

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