According to Justin Wilkes, policy director of the European Wind Energy Association, Wind Energy in Europe will triple its power output by 2020. Presently, 182 TWh (TeraWatt hour) of electricity is produced by wind, which is 5.5% of Europe's total energy production. This figure is expected to go up to 581 TWh in 2020, which will satisfy 15.7% of Europe's energy demands at that time.
This has been made possible by Europe's fast - paced development in the Wind Energy domain.
More than 260 billion USD were invested in offshore and onshore Wind energy farms in this decade. In the first half of 2011, wind energy turbines with a total capacity of 348 MW were set up, and wind farms worth USD 11.4 Billion are under construction (which will be able to generate more than 2400 MW electricity).
The wind energy sector is steadily recovering from the financial crisis, and the number of banks and financial institutions providing funding and investment in this sector is growing by the day.
This has been made possible by Europe's fast - paced development in the Wind Energy domain.
More than 260 billion USD were invested in offshore and onshore Wind energy farms in this decade. In the first half of 2011, wind energy turbines with a total capacity of 348 MW were set up, and wind farms worth USD 11.4 Billion are under construction (which will be able to generate more than 2400 MW electricity).
The wind energy sector is steadily recovering from the financial crisis, and the number of banks and financial institutions providing funding and investment in this sector is growing by the day.
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