News in numbers
Increase in price of critical minerals since January 2020 285%
126% 100% 75% 72% 52% 50% 47% 43% 23% 25% 0% Molybdenum Rare earths Source: Energy Monitor
The Biden administration’s target for new wind energy capacity by 2030. Source: US Government
30GW £3.3bn £445m
93% Nickel Manganese Copper Chromium Zinc
€17bn €41bn 12GW
The cost of two US offshore windfarm projects cancelled by Ørsted in November.
The amount invested by Europe in new wind energy capacity in 2022, the lowest since 2009.
The amount invested by Europe in new wind energy capacity in 2021.
The total new wind energy capacity in Europe that will come from the €17bn invested, 10GW of which were in the EU and will be constructed over the next few years.
The amount written off by BP on two projects off the coast of New York due to higher-than- expected costs. Source: The Guardian
16GW 20GW
The average price increase of the seven most significant critical minerals for the wind industry – copper, zinc, manganese, chromium, nickel, molybdenum and rare earths – since January 2020. Source: Energy Monitor
The total new installed wind energy capacity in the EU in 2022.
The expected average of new wind energy capacity to be built in the EU over the next five years.
€3.7bn
The amount that European banks provided in non-recourse debt for the construction of new wind farms in 2023.
This was less than a quarter of the amount offered in 2021 and the lowest amount since 2005. Source: WindEurope
World Wind Technology /
www.worldwind-technology.com
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