Four countries pledge tenfold rise in EU offshore wind power capacity [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
But the task will be challenging as the European wind supply chain is struggling to make money and the pace of build-outs is being slowed by long permitting times. Some 150 GW would be enough to power 230 million European homes but the ambition is also to use the green power to make hydrogen and green fuels for heavy industries and transportation which cannot easily be directly electrified, Danish business minister Simon Kollerup said. The declaration will be officially signed later on Wednesday at an offshore wind summit in Denmark, where the European Commission’s President Ursula von der Leyen and German Chancellor Olaf Scholz are among the participants. The European Commission also unveiled a 210 billion euro plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away from Moscow to quicken its transition to green energy. The Commission targets 300 GW of wind at sea by 2050 up from the roughly 16 GW currently installed. Denmark’s Climate and
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