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Permitting slows European onshore wind installations, but investment remains high

first_imgPermitting slows European onshore wind installations, but investment remains high FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Investments in new onshore wind farms in Europe rose to the highest level ever last year, even as the biggest wind markets on the continent saw a slowdown in new installations, according to an annual report from industry group WindEurope.In 2018, project developers made final investment decisions worth €16.4 billion, up by 11% from the previous year, to finance a total of 12.5 GW of onshore wind capacity, according to the trade body. Wind energy investments continued a trend of geographical diversification, with smaller markets attracting more money for new projects. Investments in non-E.U. countries rose by 75% to reach €5.1 billion even as stalwarts like the U.K., Spain and Sweden continued to attract the most resources.Despite the record investment, WindEurope CEO Giles Dickson warned that the slowdown in permitting procedures that has bogged down onshore projects in major markets like Germany and France, as well as a more challenging environment amid the switch to competitive auctions for renewables in many countries, were seriously threatening the future of the sector.“Beneath the surface, many things are not right” for onshore wind, said Dickson, highlighting that 2018 was the worst year for new installations since 2011. “Growth in onshore wind fell by over half in Germany and collapsed in the U.K. And twelve E.U. countries didn’t install a single wind turbine last year.”Europe installed 11.7 GW of gross additional wind power capacity in 2018, down by 32% from the previous year. In Germany, where a clumsy switch to competitive auctions for renewables and ongoing permitting issues have led to a large backlog of projects, capacity additions decreased by more than half, from 5.3 GW to 2.4 GW. In France, where permitting processes for wind projects have been delayed or even suspended in some parts of the country, installations fell slightly, from 1.7 GW to 1.6 GW.More ($): Onshore wind investment at record high as growth slows in major European marketslast_img read more

AgiproNews’ Italian View – Virtual Sports market is heating up

first_imgShare Italian engagement with Virtual Sports betting products is on the rise, as latest industry figures show that gross gaming revenues (GGR) have hit the €42 million.A traditional retail product, Virtual Sports has gained a positive uptake through online betting platforms, as Italian betting operators move to expand their betting content.In the first two months of 2018, bookmakers have posted revenues of just over €42 million from “virtual betting,” up from the first two months of 2017 by 6.6%.Though retail still dominates Virtual Sports play, figures detail that ‘all growth’ for the product is generated via digital channels.Updating the market, AgiproNews has recorded industry virtual revenues of €3.1 million during 2018’s opening two months, representing an increase of 58%.Of further note, the Virtual Sports market sees all Italian legacy operators compete for consumer wallets.At present, Goldbet leads the marketplace with an estimated 30% of market share, followed by Snaitech followed with 19% of the market share and Eurobet (12.8%) was in third place, which will soon launch new brand Soccerbet on the Italian market.As detailed this March, Italian betting operators are pressing government stakeholders to revamp the nations betting framework, in order to address new products and services to set fixed policies and operational practices on ‘market disputes’ between bookmakers and their customers.___________________ Submit TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 Related Articles StumbleUpon CT Gaming bolsters Italian profile with The Betting Coach  August 27, 2020 Share Italian bookmakers face cruel summer as ADM sanctions shop closures July 27, 2020last_img read more