European Steel Association EUROFER & Wind Europe have jointly called for the availability and affordability of renewables and renewable hydrogen for industries such as steel ready to decarbonize at large scale must become the EU’s top priority for reaching climate neutrality and accelerating independence from Russian fossil fuel supplies. They have highlighted that the worsening gas supply situation and the need to cut dependencies from Russia increases the urgency to speed up green energy infrastructure investments in the EU. EUROFER Director General Mr Axel Eggert & Wind Europe CEO Mr Giles Dickson said “We call on the EU institutions and the Member States to double down on their actions for guaranteeing security of supplies, strengthening critical supply chains necessary for the energy transition, and investing in the green technologies we need to the benefit of citizens and industry alike.”, concluded and Mr. Dickson. The EU steel industry has been working on alternative production routes for more than a decade. There are now 60 low carbon projects ready to be scaled at industrial level covering the main EU steel producing countries and companies. The number of projects grows by the month, and so their green energy and financial needs. Today, capital investment is set at EUR 31 billion, operational costs at EUR 54 billion (pre-Russian war in Ukraine data), while clean electricity needs amount to 150 TWh, half of which for hydrogen production, by 2030. Their CO2 emissions abatement potential is equivalent to a cut of -55% compared to 1990 levels. Delivering on these projects hinges on an abundant supply of renewable electricity and renewable hydrogen. Competitive and scalable wind energy is uniquely placed to meet this demand. But this will require accelerating deployment. Which is all the more urgent as Europe shifts away from Russian fossil fuels in response to the war in Ukraine? The REPowerEU communication will be a crucial element in establishing the right conditions at EU level to support the transition towards climate neutrality whilst supporting industry in coping with the current challenges. With the right rules on permitting – considering renewables in the overriding public interest, and accelerating permitting inside and outside ‘renewables go-to areas’, the wind industry can help decarbonize European steel with home grown energy. WindEurope is the voice of the wind industry, actively promoting wind energy across Europe. We have over 400 members from across the whole value chain of wind energy: wind turbine manufacturers, component suppliers, power utilities and wind farm developers, financial institutions, research institutes and national wind energy associations.
European Steel Association EUROFER & Wind Europe have jointly called for the availability and affordability of renewables and renewable hydrogen for industries such as steel ready to decarbonize at large scale must become the EU’s top priority for reaching climate neutrality and accelerating independence from Russian fossil fuel supplies. They have highlighted that the worsening gas supply situation and the need to cut dependencies from Russia increases the urgency to speed up green energy infrastructure investments in the EU. EUROFER Director General Mr Axel Eggert & Wind Europe CEO Mr Giles Dickson said “We call on the EU institutions and the Member States to double down on their actions for guaranteeing security of supplies, strengthening critical supply chains necessary for the energy transition, and investing in the green technologies we need to the benefit of citizens and industry alike.”, concluded and Mr. Dickson. The EU steel industry has been working on alternative production routes for more than a decade. There are now 60 low carbon projects ready to be scaled at industrial level covering the main EU steel producing countries and companies. The number of projects grows by the month, and so their green energy and financial needs. Today, capital investment is set at EUR 31 billion, operational costs at EUR 54 billion (pre-Russian war in Ukraine data), while clean electricity needs amount to 150 TWh, half of which for hydrogen production, by 2030. Their CO2 emissions abatement potential is equivalent to a cut of -55% compared to 1990 levels. Delivering on these projects hinges on an abundant supply of renewable electricity and renewable hydrogen. Competitive and scalable wind energy is uniquely placed to meet this demand. But this will require accelerating deployment. Which is all the more urgent as Europe shifts away from Russian fossil fuels in response to the war in Ukraine? The REPowerEU communication will be a crucial element in establishing the right conditions at EU level to support the transition towards climate neutrality whilst supporting industry in coping with the current challenges. With the right rules on permitting – considering renewables in the overriding public interest, and accelerating permitting inside and outside ‘renewables go-to areas’, the wind industry can help decarbonize European steel with home grown energy. WindEurope is the voice of the wind industry, actively promoting wind energy across Europe. We have over 400 members from across the whole value chain of wind energy: wind turbine manufacturers, component suppliers, power utilities and wind farm developers, financial institutions, research institutes and national wind energy associations.
