Installed EU wind capacity has reached the 100 gigawatt mark – the equivalent of power generated from 39 nuclear plants or a train of coal stretching from Buenos Aires to Brussels – but financial risk threatens growth, industry body EWEA said.
“We have just in the past couple of weeks passed 100 gigawatts of total installed capacity in Europe,” Christian Kjaer, CEO of the European Wind Energy Association, told a small group of reporters.
“We have been adding about 10 gigawatts per year for a couple of years and it will be around the same this year,” he added. “Whether that will continue in 2013, I can’t say. There’s too much political uncertainty.”
The capital-intensive industry faces a challenge after banks shortened the maturity of loans and increased rates, meaning wind power has not benefited from low interest rates, Kjaer said… Read more