EWEA: 'Recession-busting' wind sector will triple in value to EU

EWEA president Arthouros Zervos: 'Wind energy is a recession-busting industry'

The wind industry represents one of Europe’s most clear-cut avenues towards economic growth as governments brace themselves for a protracted period of austerity, claims a new report published by the European Wind Energy Association (EWEA).

The wind sector contributed €32.4bn ($42.2bn) to the EU’s gross domestic product (GDP) in 2010, equivalent to 0.26% of Europe’s total, while providing employment to 240,000 people, according to EWEA.

By comparison, the footwear sector accounted for 0.21% of GDP, while civil aviation contributed 1.5%.

But wind is only getting started. Over the next 10 years the number of workers it employs will double, while its contribution to Europe’s GDP will increase nearly threefold, EWEA predicts.

By 2020 the EU wind industry will be worth €94.5bn, equivalent to 0.59% of GDP – and €173bn…

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