Tue. Jul 23rd, 2024

EU industrialists call for speeding up the deployment of wind energy

Natasha Kumar By Natasha Kumar Jun21,2024

EU industrialists call for acceleration of wind energy deployment

The EU must accelerate the deployment of wind energy to ensure the survival of the bloc's industrial base. This is stated in a joint statement of organizations representing energy-intensive industries.

Signatories to the statement include WindEurope, the European Steel Association (EUROFER), the European Metals Association (Eurometaux), the European Chemical Industry Council (Cefic) and Cembureau, which represents the cement industry.

Wind already provides 20% of Europe's electricity consumption , and is therefore a strategic resource for European industry.

According to the statement, the current European policy does not yet offer a favorable framework that would help the region meet its needs. In recent years, energy-intensive industries have experienced an unprecedented reduction in production due to the impact of the energy crisis. Solving this challenge should be the basis of a new industrial agreement for Europe, and the faster implementation of renewable energy sources will help reduce consumers' electricity bills.

The associations cite the following data from the International Energy Agency (IEA): without increasing photovoltaic and wind capacities in Between 2021 and 2023, average wholesale electricity prices would be higher by 3% in 2021, by 8% in 2022 and by 15% – last year.

As noted, the combination of the EU Green Deal with the Industrial Agreement will enable industrialists to make the necessary investments for decarbonization, while simultaneously increasing competitiveness.

EUROFER Director General Axel Eggert notes that energy-intensive industries are important for the competitiveness of Europe's clean technology economy.< /p>

"In particular, wind and steel represent one of the most tangible examples of a cycle in decarbonization: metallurgy requires a large amount of carbon-free electricity produced from renewable sources to produce environmentally friendly steel. At the same time, a modern onshore wind turbine contains about 120 tons of steel per MW of power. Only the synergy between the EU Green Deal and the strategic Industrial Agreement will ensure the competitiveness of all our key industries at the international level», – he explained.

Eurometaux CEO Guy Tiran noted that European metal producers depend on low-carbon electricity supplies at globally competitive prices. In turn, they provide the wind industry with safe and sustainable strategic raw materials. So the sectors need a close partnership in the value chain in order to emerge stronger from a difficult period.

We would like to remind you that in February of this year, EU industry leaders representing almost 20 sectors signed the Antwerp Declaration on European Industrial Agreement”. They called for actions to restore competitiveness.

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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