Published on 30 July 2020
Overview
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Findings
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).
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.
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%.