• AutoTL;DR@lemmings.worldB
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    1 year ago

    This is the best summary I could come up with:


    BRUSSELS, Sept 13 (Reuters) - The European Union will put forward a package of measures to support Europe’s wind power industry as renewable energy companies struggle with challenges including inflation, European Commission President Ursula von der Leyen said on Wednesday.

    We will focus on skills, access to finance and stable supply chains," von der Leyen said in a speech to the European Parliament on Wednesday.

    But Europe’s offshore wind power industry has warned governments it is not big enough to deliver green power goals and requires a jump in policy support to get on track - particularly if new wind farms are to be manufactured in Europe.

    “The future of our clean tech industry has to be made in Europe,” von der Leyen said.

    Final investment decisions in European offshore wind farms hit a 10-year low in 2022, as developers faced record-high inflation, soaring interest rates, increased seabed leasing fees and volatile energy markets.

    Europe’s efforts to curb climate change are facing increasing political pressure ahead of EU elections next year, including from von der Leyen’s own political group, which has opposed new EU nature laws that would affect farmers.


    The original article contains 319 words, the summary contains 190 words. Saved 40%. I’m a bot and I’m open source!