Recently, the European Commission released the European Wind Power Act

Published: Nov 1, 2023 17:40

Save

Recently, the European Commission released the European Wind Power Action Plan to support the development of the European wind power industry. The plan proposes that in order to achieve the target of at least 42.5% (optionally up to 45%) renewable energy share in the recently agreed Renewable Energy Directive of the EU by 2030, the installed capacity of wind power must be significantly increased. It is expected to grow from 204 GW in 2022 to more than 500 GW in 2030.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

A00 pulls back slightly, aluminum scrap remains stable overall [Aluminum Scrap Daily Review]

2 hours ago

[SMM Steel] India Domestic Steel Prices decline

[India Domestic] India’s domestic steel market saw mixed price movements on a daily basis with finished steel and semi-finished steel prices moved lower. Alang Melting scrap prices rose by 3.16USD/tonne (300INR/tonne) to 386.83USD/tonne (36,700INR/tonne) ex-yard Alang. 8Ani (12mm) prices unchanged at 443.75USD/tonne (42,100INR/tonne) ex-yard Alang. PDRI sponge iron prices down by 3.16USD/tonne (300INR/tonne) to 313.05USD/tonne (29,700INR/tonne) EXW Bellary. PDRI sponge iron prices down by 2.11USD/tonne (200INR/tonne) to 310.94USD/tonne (29,500INR/tonne) EXW Raipur. Rebar up by 1.05USD/tonne (100INR/tonne) to 525.96USD/tonne (49,900INR/tonne) EXW Mumbai. Raipur rebar down by 5.27USD/tonne (500INR/tonne) to 470.10USD/tonne (44,600INR/tonne) EXW Raipur. Raipur billet down by 4.22USD/tonne (400INR/tonne) to 442.70USD/tonne (42,000INR/tonne) EXW Raipur. Ingot down by 2.11USD/tonne (200INR/tonne) to 488.02USD/tonne (46,300INR/tonne) EXW Mandi.

2 hours ago

3 hours ago

India’s Industrial Growth Slows to 6.7% in July, but Steel Demand Remains Supported

India’s industrial activity continued to grow in July 2026, with the Index of Industrial Production (IIP) rising 6.7% YoY, compared with 8.8% in June. Although growth slowed, July recorded the second-highest IIP growth since December 2025, showing that industrial activity remained relatively strong. For the domestic steel market, manufacturing, capital goods and infrastructure remain important areas to watch as they are key drivers of steel demand.

3 hours ago