Crisis hampers EU wind power in short-term: lobby

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http://www.reuters.com/article/scienceNews/idUSTRE52F4Y920090316

Crisis hampers EU wind power in short-term: lobby

Mon Mar 16, 2009 1:05pm EDT

By Muriel Boselli

MARSEILLE (Reuters) - The economic downturn is delaying wind power projects in the European Union but the negative impact will not last because of strong sector fundamentals, a European wind power lobby said on Monday.

"There is a slowdown in the sector, we are seeing some signs, but much less than in other sectors," Arthouros Zervos, president of the European Wind Energy Association (EWEA), told Reuters on the sidelines of a wind conference.

"The impact will be short term because the fundamentals are still there for wind development," he said.

There was some difficulty in financing projects, which meant some were delayed but there had been no canceled projects so far, Zervos added.

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