EU seeks EUR 789bn boost for giant offshore wind farms
The European Union wants a massive increase in offshore wind to help clean up the electricity industry and aid the recovery after the pandemic.
By Ewa Krukowska, Bloomberg News
To meet its mid-century goal of becoming the world’s first climate-neutral continent, the European Union needs to boost offshore wind capacity to 300 gigawatts by 2050 from just 12 gigawatts now, according to an EU roadmap published on Thursday. That will require as much as EUR 789 billion in investment, mostly from utilities and energy majors.
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