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Mon Apr 16, 2012, 04:56 PM

EU’s ‘Recession-Busting’ Wind Industry Set to Triple in Value

http://www.businessweek.com/news/2012-04-16/eu-s-recession-busting-wind-industry-set-to-triple-in-value

The European Union’s “recession- busting” wind power industry is forecast to triple in value as its labor force doubles in the 10 years through 2020, the European Wind Energy Association said.

The contribution of the wind industry to the economy of the 27-nation EU will rise to 94.5 billion euros ($123 billion) in 2020 from 32.4 billion euros in 2010, the lobby group, known as EWEA, said today in a report published in Copenhagen at the start of its annual conference. Jobs supported by the industry will jump to 520,000 from 238,154, it said.

“Wind energy is a recession-busting industry,” EWEA President Arthouros Zervos said in a statement. It is “providing increasing economic activity, more jobs and exports every year to an EU struggling with an economic crisis intensified by ever-increasing amounts of fuel being imported at rising costs.”

The EU is chasing a target of getting 20 percent of all energy for power, heating and transport from renewables by 2020. The contribution of the wind industry to EU economic output increased by a third in 2010 from 2007, according to today’s report. EWEA said Feb. 6 that wind power capacity expanded more than 10 percent last year with 21 percent of the bloc’s new power capacity coming from wind.

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Reply EU’s ‘Recession-Busting’ Wind Industry Set to Triple in Value (Original post)
jpak Apr 2012 OP
DCKit Apr 2012 #1

Response to jpak (Original post)

Mon Apr 16, 2012, 05:55 PM

1. Yeah, yeah. But as we've heard right here, so often: "It'll never work."

 

Don't know why, but I'm almost convinced.

Doubtless Europe is going to go all in, and it's going to turn out worse then Chernobyl and Fukushima put together. It's just logical, right?

Oh, and solar is an obvious loser. After all, the sun goes down every single day.

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