Oliver Joy

Oliver Joy has been quoted 14 times. The two most recent articles where Oliver Joy has been quoted are Which country is leading the EU on wind power? and Offshore wind investments in Europe reached $19.5 billion last year. Most recently, Oliver Joy was quoted as having said, “Last year over half of EU countries invested nothing in wind power. This is concerning because it shows that installations are increasingly concentrated in certain markets, particularly in north-west Europe and the Nordics. Currently, only seven of 28 member states have clear plans for renewables after 2020. This is not good enough.”.

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Last year over half of EU countries invested nothing in wind power. This is concerning because it shows that installations are increasingly concentrated in certain markets, particularly in north-west Europe and the Nordics. Currently, only seven of 28 member states have clear plans for renewables after 2020. This is not good enough.

As developers continue to bring down cost, the appeal of offshore wind as a secure, sustainable and affordable energy solution can only grow. The industry is already meeting its cost reduction goals ahead of time, strengthening the economic argument for more offshore wind over conventional power sources.

Investment is more likely to be affected by the level of clarity that governments provide on support schemes.

China and the U.S. are the two that spring to mind here – possibly India over the longer term.

Our central scenario sees 66 GW in Europe for 2030. Based on current volumes and the number of national plans out there today, that is beginning to look increasingly optimistic.

Far-reaching ambitious policies from governments but also game changing technology such as floating offshore wind turbines to access the deep waters in the Pacific and Atlantic oceans are a necessity.

New markets will also have an important role to play as currently 90 percent of the world's offshore capacity is in European waters.

How quickly this happens will be largely dependent on the actions that governments take.

With the great leaps that wind energy has made in cost reduction in recent years, there is no reason why it should not be the centerpiece of energy systems around the world, particularly Europe.

For the future, policymakers need to start thinking about repowering.

Up to 76 GW of Europe's onshore and offshore wind energy capacity will come to the end of their operational life between 2020 and 2030. Replacing old, first and second generation turbines with state of the art units will mean higher energy capture at existing sites to make the most of the wind resource. It will also benefit energy security as repowered projects can contribute to power system stability and balancing.

Wind keeps getting cheaper. Costs for onshore wind are expected to fall by 41 percent by 2040 as larger turbines with higher energy capture make the economics even more attractive. Offshore wind is also rapidly moving down the cost curve.

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