Europe invests €27bn in new wind farms in 2018
Europe invested €27bn in new wind farms in 2018, which will finance a record amount of future new wind energy capacity. This is according to WindEurope’s annual Financing and Investment Trends report published in April.
The amount invested is similar to previous years. But thanks to cost reduction, especially in offshore wind, it will finance a record 16.7 GW of new wind capacity. 1 MW of new onshore wind capacity now requires only €1.4m capital expenditure, down from €2m in 2015. And 1 MW of new offshore wind capacity requires €2.5m, down from €4.5m in 2015.