27.3 C
Lagos
Saturday, April 27, 2024

German, EU wind-energy industry unsure it can meet expansion targets

Doubts are rising in the German and European Union wind-energy industry as to whether ambitious expansion targets are feasible, according to the organisers of the WindEnergy trade fair.

Wind turbines Egypt
Renewable energy: Wind turbines

“It is true that the wind industry continues to be viewed optimistically for the most part.

Based on market research conducted by the WindEnergy Trend Index (WEtix), compiled for the WindEnergy Hamburg trade fair, organisers said.

“The results are clear. The general concerns about whether the expansion targets can be achieved,’’ a statement said.

The survey also asked market participants about the consequences of a lack of resources for the first time.

More than 500 market players reportedly took part in the survey in September and October.

“A large proportion of respondents see a strong to very strong impediment to the expansion targets due to the global lack of resources,’’ it said.

Furthermore, the industry barometer saw a low probability of achieving the expansion targets.

Industry representatives have long complained about high raw material prices and inflation.

Also, there was a widespread shortage of skilled workers and lengthy authorisation processes for wind turbines stand in the way.

In view of the climate and energy crisis, the global assessment in the wind industry “continues to be quite positive, the mood predominantly good, both onshore and offshore.

“However, in Germany and Europe in particular, weaker negative changes can currently be observed, both in the short term and in the long term,’’ the industry barometer states.

Latest news

- Advertisement -
- Advertisement -

You might also likeRELATED
Recommended to you

×