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WindEurope annual event in Bilbao showcases the ‘value of wind’

By: Chloe Emanuel 19/03/2024 Wind Europe

Corporate General Windfarms

With less than 24 hours until the WindEurope Annual Event 2024 in Bilbao - the three-day exhibition and conference gathers more than 12,000 people, 520 exhibiting companies, 14 Ministers and 400 other speakers from politics, industry and academia. Under the tagline “Our wind, our value - Creating value for Europe, living up to Europe's values” the event explores the value of wind energy for jobs, nature protection, energy security, economic competitiveness, local communities and much more.

Wind is 19% of all the electricity consumed in Europe. The EU want it to be 35% in 2030. That means almost doubling the amount of wind energy capacity in the next 7 years. The latest WindEurope Annual Report and Outlook shows that this target is now within reach thanks to improvements in permitting and increases in new investments and auction volumes. The new optimism is supported by recent announcements from European wind turbine manufacturers and suppliers starting to return to profitability.

“Permitting is up. Investments are up. Auction volumes are up. The supply chain is building new factories in Europe. And Governments are actively supporting the wind industry with the EU Wind Power Package and European Wind Charter. There’s a new confidence as the industry gathers for its annual event in Bilbao”, says WindEurope CEO Giles Dickson.

To illustrate the value wind energy bring to Europe’s citizens, WindEurope will be releasing a new Rystad Energy report at the Bilbao event.It shows that:

- Wind will have a direct contribution to Europe’s GDP of €49bn in 2030;
- Wind energy production by 2030 in Europe will be enough to save Europe 190 bcm a year of fossil fuel imports;
- Wind will be saving Europe 262 million tonnes of CO2 emissions a year by 2030.

2023 was a defining year politically for wind energy in Europe. The EU recognised the wind industry needed support and adopted its excellent Wind Power Package - 15 immediate actions to strengthen the sector, including support for the supply chain and better auction design with full indexation of prices and tighter pre-qualification criteria to raise the bar on what sort of turbines can be built in Europe.

26 Governments then signed the European Wind Charter, endorsing the Wind Power Package and committing to take the actions in it that fall to them. At WindEurope 2024 in Bilbao Ministers from Spain, Germany, Belgium, Greece, Denmark, Ireland and Croatia will explain the actions they are taking.

The Wind Power Package also included actions for the European Investment Bank (EIB), which the EIB are now implementing. They’ve set up a counter-guarantee instrument to support up to €80bn in new wind energy investments. They’ve also changed their lending mandate to better support wind turbine manufacturing. The EIB will have a major presence in Bilbao, their advisory and lending team will have a dedicated Business Lounge on the exhibition floor.

The three-day conference will also address the outstanding challenges to the expansion of wind energy in Europe, notably the need to accelerate the build-out of grids. Other challenges the event will explore include the need to expand port infrastructure and the skills gap. There’ll also be a dedicated student programme for young people to inform themselves about job profiles and career opportunities in wind.

WindEurope 2024 is coming back to Spain. With 30 GW Spain continues to be among the top five countries globally for installed wind energy capacity.

Come visit the team

TGS will be exhibiting at this years WindEurope Annual Event 2024 in Bilbao - We're hosting a happy hour on Wednesday 20th March, so do pop along for a drink if you'll be in attendance. You can find our TGS team members at stand #3-D102.

For more information about offshore wind farm projects across the globe, click here.

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WindEurope annual event in Bilbao showcases the ‘value of wind’

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