Wind sector growing twice as fast as EU economy

Figures released from the European Wind Energy Association (EWEA) show that the wind industry grew twice as fast as the EU economy between 2007 and 2010.

The EWEA’s data found that the wind power generation sector contributed €32bn to the 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 per cent, reports powertechnology.com.

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 per cent increase from 2007-2010, while unemployment rose by 9.6% in the same period.

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