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Thursday, 9 February 2017
Wind Overtakes Coal Power in Europe as Turbines Head Offshore
Wind farm developers installed more power than any other
form of energy last year in Europe, helping turbines to overtake coal in
terms of capacity, industry figures show.
European wind power
grew 8 percent, to 153.7 gigawatts, comprising 16.7 percent of installed
capacity and overtaking coal as the continent’s second-biggest
potential source of energy, according to figures published Thursday by
the WindEurope trade group. Gas-fired generation retained the largest
share of installed capacity.
With countries seeking to curb
greenhouse gas emissions that causes climate change by replacing fossil
fuel plants with new forms of renewable energy, investment in wind grew
to a record 27.5 billion euros ($29.3 billion) in 2016, WindEurope’s
annual European Statistics report showed.
“Wind and coal are on two ends of the spectrum,” said Oliver
Joy, a spokesman for WindEurope, in an e-mail. “Wind is steadily adding
new capacity while coal is decommissioning far more than any technology
in Europe.”
The group underscored that wind, which only produces
power intermittently, hasn’t yet overtaken coal share in total power
generation.
European wind investment increased 5 percent in 2016
from a year earlier driven by the offshore segment that attracted 18.2
billion euros, the report said. That offset a 29 percent investment
decline in the onshore market.
source :https://www.bloomberg.com
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