Bloomberg News

Eastern Europe Wind May Power 9 Million Homes by 2020, EWEA Says

February 05, 2013

Wind turbines in central and eastern Europe may power 9 million homes by the end of this decade if local governments take steps to encourage investments, the European Wind Energy Association said in a study.

Twelve nations in the region including Poland and Romania plan to raise installed wind power capacity to 16 gigawatts by 2020 from 6.4 gigawatts at the end of 2012, EWEA said today in an e-mailed statement. Turkey seeks to increase capacity to 20 gigawatts from 2.3 gigawatts now within the next decade.

“Wind energy in Central and Eastern Europe, including Turkey, will substantially reduce the fossil fuel dependency of the power sectors,” said Christian Kjaer, head of the lobby group. “Some countries such as the Czech Republic, Hungary and Bulgaria are without stable renewable energy legislation. Investors and banks will withdraw unless governments put in place long-term renewable energy policies.”

Companies such as General Electric Co. (GE:US) and Vestas Wind Systems A/S (VWS) are seeking to tap sales in emerging markets in Eastern European nations, which are adding generation capacity while driving down carbon emissions.

GE said today it will supply seven wind turbines worth about $30 million to Energia Verde Ventuno Srl, a Romanian private company, for a project in the southeastern Romanian county of Tulcea.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW

Companies Mentioned

  • GE
    (General Electric Co)
    • $25.62 USD
    • 0.48
    • 1.87%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus