EU Wind Turbine Production Reaches Highest Level In A Decade

European Wind Turbine Production Rebounds

European wind turbine production reached its highest level in a decade in 2024, according to Eurostat data, reflecting renewed growth in the sector after several years of relatively stable output. The figures were published in Eurostat’s 2026 edition of Key Figures on European Business, which examines developments across industries including manufacturing, technology, investment and tourism.

Rising Production Statistics

Wind turbine production fell sharply from 22,200 units in 2014 to 8,300 units in 2015 before stabilising between 6,800 and 12,000 units annually over the following years. Output increased significantly in 2024, reaching 15,500 units and marking the highest level recorded since 2014.

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Economic Impact And Strategic Imperatives

The value of wind turbine production reached €10.4 billion in 2024, highlighting the sector’s growing role within European manufacturing. Eurostat noted that production data for renewable energy technologies provide insight into industrial capacity, supply chains and Europe’s efforts to strengthen energy security. As the EU continues to expand renewable energy generation, domestic manufacturing remains an important factor in reducing dependence on external suppliers.

Driving A Resilient Future

The latest figures illustrate how the European wind turbine industry has recovered following a prolonged period of lower production levels. Growth in manufacturing capacity comes as EU policymakers continue to prioritise renewable energy investment and the expansion of clean energy infrastructure across the bloc.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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