New Study: Every Euro Invested in Wind Energy Returns Seven Euros to the European Economy
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By 2040, every euro invested in wind energy from public funds could generate seven euros in annual economic returns, according to a new study by Trinomics, conducted in collaboration with DTU Wind. In addition, such investments could significantly contribute to job creation, export growth, and strengthening the European Union’s energy security, WindEurope reports.
The study proposes the establishment of a dedicated Fund for Wind Energy Research and Competitiveness, aimed at further strengthening the competitiveness of Europe’s wind industry. The fund would provide up to 11.6 billion euros in support across the entire European wind value chain, while 9 billion euros would be allocated to scaling up manufacturing capacity.
Through these measures, targeted funding could generate an additional 33 billion euros in annual gross value added to the EU economy by 2040, while supporting 180,000 new jobs. At the same time, EU wind equipment exports could increase by 12.6 billion euros annually, while up to 89 percent of total value would remain in Europe, compared to 47 percent without targeted support. The study also highlights that such investments would significantly improve energy security by reducing natural gas imports by 70 billion cubic metres per year, equivalent to approximately 700 LNG shipments.
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The study warns that wind energy currently receives less than 2 percent of the EU programme budgets it is eligible for, while funding is spread across multiple programmes and instruments, which further slows down industry development.
In addition, China has in recent years provided its turbine manufacturers with significantly higher levels of public support, further strengthening their global competitiveness. As a result, investment in wind energy is increasingly seen not only as an energy policy issue, but also as an industrial and strategic priority for the European Union.
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