Climate Changed
Europe Could Attract $417 Billion With Higher Wind-Power Target
- WindEurope industry group says goals may spur growth
- Even less ambitious goal would more than double capacity
Wind turbines operate on the Innogy SE wind farm in Bedburg, Germany, on Tuesday, Oct. 4, 2016.
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
Europe’s wind power industry may attract 351 billion euros ($417 billion) of investment by 2030 if countries adopt reforms and targets for their energy systems in the next year, trade association WindEurope said.
The European Union may create 716,000 jobs with a target for member states to produce 35 percent of their energy from renewables within 12 years, the Brussels-based group said in a biannual report setting out scenarios for the industry.