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The impact of COVID-19 on Europe's wind sector - Executive summary

Overview

The wind industry supply chain experienced major disruptions in the first semester, particularly in relation to the production and assembly of wind turbine components and to imports of raw materials and other subcomponents, mainly from Asia. However, Europe managed to install 5.1 GW, 3.9 GW of which were onshore and 1.2 GW were offshore.

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Findings

1

Europe managed to install 5.1 GW, 3.9 GW of which were onshore and 1.2 GW were offshore. The onshore installation figures are just above the average of the previous three years (3.7 GW). Offshore installation figures were a bit lower than the three-year average (1.5 GW).

2

In spite of the very challenging economic climate, the first half of 2020 has seen a record €14.3bn raised for the financing of new wind farms demonstrating the resilience of wind energy to the COVID-19 pandemic and the economic shock it has produced.

3

Wind power plants in Europe produced 241 TWh of electricity between 1 January and 30 June and covered 17% of the electricity demand. Denmark led with 55%, followed with Ireland at 40%.

4

Germany had the most onshore installations (591 MW), followed by France (494 MW) and Russia (450 MW). In offshore the UK installed most new offshore capacity (507 MW), followed by Belgium (235 MW), the Netherlands (224 MW) and Germany (213 MW).

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