The EU’s wind energy package is strengthening the competitiveness of the European supply chain, with significant investments and concrete actions to achieve ambitious energy targets.
Last October, the European Commission launched its Wind Energy Package, which includes 15 immediate actions to reinforce Europe’s wind energy supply chain. This package aims to ensure that European wind farms use turbines manufactured within the continent, aligning with the Net Zero Industry Act, which requires 36 GW of wind energy manufacturing capacity in the EU by 2030.
Investments are already underway. Vestas, a leading turbine manufacturer, will open new factories in Poland, creating more than 1,700 direct jobs. Siemens Energy also plans to hire 4,000 new employees in Europe to increase its capacity to manufacture grid equipment. Additionally, the European Investment Bank (EIB) plays a crucial role with a €5 billion counter-guarantee mechanism to encourage investments in the wind energy supply chain.
Boosting the wind energy supply chain in Europe is crucial for achieving the EU’s energy targets. The current investments and actions are a step in the right direction, but it is essential to ensure fair competition to protect jobs and energy security in Europe. With the implementation of the wind energy package, Europe is poised to lead the global energy transition.