Investments in European wind power were lowest last year since 2009

Investment in wind power in Europe reached 17 billion euros last year, almost 60% less than in 2021 and the lowest figure since 2009. According to the WindEurope association, the main reasons for the low investment in wind energy last year were rising costs for key raw materials, uncoordinated interventions in electricity markets, rising financing costs and, last but not least, persistent barriers to the development of wind farms in Europe.

The WindEurope association said in its annual report on financial and investment trends in the European wind energy sector that investment in the sector reached just 17 billion euros last year, the lowest figure since 2009.

According to WindEurope, last year's investments will bring 12 GW of new installed wind power capacity over the coming years, of which 10 GW will be in EU member states. New capacity installed in 2022 reached 16 GW, and WindEurope expects an average of 20 GW per year over the next five years.