EWEA: Policy Uncertainty Is Blocking Essential Offshore Wind Investment

NAW Staff, Wednesday 20 November 2013 - 13:30:18

The European offshore wind energy sector needs up to EUR 123 billion in investment between now and 2020 if it is to meet its target of 40 GW of installed capacity, and the financial community is able to invest this amount, according to a new report from the European Wind Energy Association (EWEA).

However, EWEA says the independent survey of the financial community, with research from Ernst and Young, shows that what's blocking the investment is the uncertainty caused by changing regulatory frameworks, especially in the two largest markets: the U.K. and Germany.

"By undermining investment stability, governments are putting green growth, jobs and a world-leading European industry at risk," says Thomas Becker, EWEA’s CEO. "Stable national frameworks and a binding EU renewable energy target for 2030 will be a green light to investors and ensure the industry continues to flourish.”





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