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renewable energy

Europe invests in wind energy

silhouette of wind turbine on sunset

Europe’s multi-billion euro wind energy sector attracted record-breaking levels of investment in 2016.

Figures from WindEurope’s Financing and Investment Trends 2016 report reveal that €43 billion was raised across the continent for new projects, refinancing and acquisitions, up from €35 billion the year before. Offshore wind set a new record at €18.2 billion.

Giles Dickson, Chief Executive Officer of WindEurope, said: “Wind was the largest recipient of power sector investments in 2016. The competitiveness of our industry and reduced risk perceptions have brought in major financial players who are looking to diversify their portfolios. Cost reductions across the industry’s value chain mean investors can finance more generation capacity for less money.”

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