Europe need to increase wind energy capacity 25-fold by 2050: European Union

The European Commission on Thursday said. the European Union will need to increase its energy capacity 25-fold by 2050 to meet its targets.

The Commission in its offshore plan said – 27-country bloc should target 60 gigawatts (GW) of energy by 2030 and 300GW by 2050, up from 12GW today.

The goals would require nearly 800 billion euros in investment in wind energy.

They are not legally binding, but will serve as a basis for future EU energy policies.

Source: Reuters