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Wind Energy and Economic Recovery in Europe How Wind Energy Will Put Communities at the Heart of the Green Recovery

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Wind Energy and Economic Recovery in Europe How Wind Energy Will Put Communities at the Heart of the Green Recovery Wind energy and economic recovery in Europe How wind energy will put communities at the heart of the green recovery Wind energy and economic recovery in Europe How wind energy will put communities at the heart of the green recovery October 2020 windeurope.org Wind energy and economic recovery in Europe: How wind energy will put communities at the heart of the green recovery WindEurope These materials, including any updates to them, are The socio-economic impact evaluation of wind energy on published by and remain subject to the copy right of the European Union has been carried out using the SNA93 the Wood Mackenzie group ("Wood Mackenzie"), its methodology (System of National Accounts adopted in licensors and any other third party as applicable and are 1993 by the United Nations Statistical Commission) and made available to WindEurope (“Client”) and its Affiliates Deloitte’s approaches, which evaluate the effects of the under terms agreed between Wood Mackenzie and Client. renewable energy in the economy. The use of these materials is governed by the terms and conditions of the agreement under which they were Deloitte has provided WindEurope solely with the services provided. The content and conclusions contained are and estimations defined in the proposal signed by confidential and may not be disclosed to any other person WindEurope and Deloitte on March 13th, 2020. Deloitte without Wood Mackenzie's prior written permission. accepts no responsibility or liability towards any third The data and information provided by Wood Mackenzie party that would have access to the present document should not be interpreted as advice. Nothing contained and could consequently take harmful decisions or actions in them constitutes an offer to buy or to sell securities, without Deloitte’s knowledge. or investment advice. You may not copy or use this data Deloitte has carried out solely the estimations and and information except as expressly permitted by Wood calculations to obtain the figures for which it is explicitly Mackenzie in writing. Wood Mackenzie does not provide mentioned as author. a comprehensive analysis of the financial position or prospects of any company or entity and nothing contained Deloitte refers to Deloitte Touche Tohmatsu Limited herein should be taken as comment regarding the value ("DTTL") and its global network of member firms and their of the securities of any entity. If, notwithstanding the related entities, either to one or several of them. DTTL (also foregoing, you or any other person relies upon these called "Deloitte Global") and each of its member firms are materials in anyway, except as permitted under the legally separate and independent entities. DTTL does not agreement, Wood Mackenzie does not accept, and hereby provide services to customers. For more information, see disclaims to the extent permitted by law, all liability for any www.deloitte.com/about. loss and damage suffered arising in connection with such reliance. Deloitte provides audit, consulting, legal, financial advisory, risk management, tax, and related services to © 2020 Wood Mackenzie Limited public and private clients spanning multiple industries. All rights reserved. Wood Mackenzie is a Verisk Business With a globally connected network of member firms in more than 150 countries and territories, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte’s more than 312,000 professionals are committed to making an impact that matters. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the “Deloitte Network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your MAIN AUTHOR: finances or your business, you should consult a qualified Iván Pineda professional adviser. No entity in the Deloitte Network CONTRIBUTING AUTHORS: shall be responsible for any loss whatsoever sustained by Guy Brindley, WindEurope any person who relies on this communication. Daniel Fraile, WindEurope Viktoriya Kerelska, WindEurope © 2020 Deloitte Advisory, S.L. Ivan Komusanac, WindEurope Mattia Cecchinato, WindEurope Marylise Schmid, WindEurope Dorina Iuga, WindEurope EDITORS: Pierre Tardieu, WindEurope Colin Walsh, WindEurope DESIGN: Lin Van de Velde, drukvorm.be WindEurope has joined a climate-neutral printing program. Laia Miró, WindEurope It makes choices as to what it prints, and how, based on MORE INFORMATION: environmental criteria. The CO2 emissions of the printing [email protected] process are then calculated and compensated by green +32 2 213 18 11 emission allowances purchased from a sustainable project. EXECUTIVE SUMMARY ..................................................................................................... 7 1. INTRODUCTION .................................................................................................................... 13 2. WIND ENERGY TODAY AND 2030 SCENARIOS ................................................... 15 3. BOOSTING THE EU ECONOMY ...................................................................................... 20 2.3.1. Jobs ................................................................................................................................ 20 3.2. Contribution to EU GDP .......................................................................................... 22 INSERT3.3. Exports .......................................................................................................................... HERE 29 4. THE INDUSTRIAL FOOTPRINT OF WIND ENERGY IN EUROPE .................... 33 THE4.1. What NAME kind of companies comprise the supply chain of wind energy? ..... 34 4.2. Wind turbine manufacturers ............................................................................... 35 4.3. Wind turbine components: A €50bn market ................................................. 38 OF4.4. THEWhere are wind components manufactured? .............................................. 40 5. BENEFITS TO COMMUNITIES ......................................................................................... 50 CONTENTS 5.1. Taxes ................................................................................................................................ 51 CHAPTER5.2. Community benefit funds ....................................................................................... 56 5.3. Benefits-in-kind .......................................................................................................... 62 5.4. Initiatives for community engagement by municipalities ......................... 64 5.5. Community ownership ............................................................................................. 66 5.6. Just Transition ........................................................................................................... 68 6. HAPPY CO-EXISTENCE .................................................................................................... 69 6.1. Defence, military and civil aviation ................................................................... 70 6.2. Nature conservation and restoration ............................................................... 70 6.3. Farming .......................................................................................................................... 71 6.4. Fisheries ......................................................................................................................... 73 ANNEX I ............................................................................................................................................ 76 ANNEX II ........................................................................................................................................... 78 ANNEX III.......................................................................................................................................... 93 Wind energy and economic recovery in Europe: How wind energy will put communities at the heart of the green recovery 3 WindEurope Figure 1 The benefits of wind energy in 2019 and 2030 ........................................... 11 Figure 2 Cumulative wind power capacity in Europe (EU 27+ UK) as of 1 July 2020........................................................................................................... 16 Figure 3 Cumulative wind power capacity in Europe (EU 27+ UK): 2020 to date and possible scenarios to 2030................................................ 18 Figure 4 Average annual installations to 2030 for Europe (EU 27+ UK) ................ 18 Figure 5 Direct and indirect jobs in the wind energy industry .................................... 21 Figure 6 European wind energy direct jobs by sub-sector .......................................... 21 Figure 7 Jobs in WindEurope’s scenarios to 2030 ......................................................... 22 Figure 8 Direct and indirect contribution of wind energy to EU GDP (real prices, constant 2010) ..................................................................................... 23 Figure 9 Contribution per GW of wind energy to EU GDP (real prices, constant 2010) ...................................................................................... 23 Figure 10 Distribution of the EU added value generated by the wind energy
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