Offshore wind in Europe needs urgent factory aid to hit targets

Contributing sentiments towards policy:

61% : Europe's commitment to accelerate renewable energy deployment and strengthen energy security presents significant supply chain challenges in the coming years.
58% : Europe hosts just 7 GW per year of offshore wind manufacturing capacity and suppliers will require policy support from governments to meet its objectives, renewable energy companies warned in a joint declaration.
52% : By 2040, the European Union targets over 215 GW, alongside ambitious UK goals.
50% : The EU has pledged to match the funding offered to U.S. companies under President Biden's Inflation Reduction Act and has proposed a Net Zero Industry Act that targets 36 GW/year of manufacturing capacity by 2030 and 40% of renewable energy components from local factories.

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