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Europe: Wind power expansion – 6.4 GW of new capacity in early 2024 amid investment decline

According to WindEurope’s report, European countries installed a total of 6.4 GW of new wind farms in the first half of 2024. This includes 5.3 GW from onshore wind farms and 1.1 GW from offshore wind farms. Germany led the way with the largest wind capacity addition of 1.7 GW, followed by France with 1.2 GW. Spain’s contribution was not fully specified but is included in the overall total.

At the end of the first half of 2024, Europe’s total wind power capacity stood at 278 GW, comprising 242 GW onshore and 35 GW offshore. Within EU member states, the total wind capacity reached 225 GW, with 205 GW onshore and 20 GW offshore.

Wind turbine orders in Europe saw an increase of 11% in the first half of 2024 compared to the previous year. Orders within the EU rose by 33% during the same period. However, investment in new wind farms has declined compared to the previous year. Europe committed 15.4 billion euros to new wind farms in the first half of 2024, which is less than 30% of the total final investment decisions made in 2023.

WindEurope forecasts that the EU will install 15 GW of new wind farms in 2024, a slight decrease from the 16 GW installed in 2023. Looking ahead, the EU is projected to reach 350 GW of wind energy capacity by 2030, with 296 GW coming from onshore wind and 54 GW from offshore wind.

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