Wind energy sector growing twice as fast as EU economy: report

17 April 2012 (Last Updated April 17th, 2012 18:30)

New figures from the European Wind Energy Association show that the wind industry contributed €32bn to EU’s economy during the slowdown period,, twice that of the EU's gross domestic product (GDP) overall.

New figures from the European Wind Energy Association show that the wind industry contributed €32bn to EU's economy during the slowdown period, twice that of the EU's gross domestic product (GDP) overall.

Figures from the 'Green Growth' report released on Monday show that between 2007 and 2010, the wind energy industry increased its contribution to the EU's GDP by 33%.

EWEA president Arthouros Zervos said wind energy is a recession-busting industry.

"It is countering the recession providing increasing economic activity, more jobs and exports every year to an EU struggling with an economic crisis intensified by ever increasing amounts of fuel being imported at rising costs to European citizens," said Zervos.

Jobs in the wind energy sector reached nearly 240,000 by 2010, a 30% increase from 2007-2010, while unemployment rose by 9.6% in the same period.

The number of employers in the European wind industry is expected to reach 520,000 jobs in the sector by 2020 and by 2030 the number could go up to 795,000.