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Financiers able to invest €123 billion in offshore wind

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Wind-Turbines-Holland-495x278The offshore wind energy sector needs up to €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, new research shows.

However, what is blocking the investment is the uncertainty caused by changing regulatory frameworks, not least in the two largest markets, the UK and Germany, the independent survey of the financial community shows.

"By undermining investment stability, governments are putting green growth, jobs and a world-leading European industry at risk," said European Wind Energy Association (EWEA) CEO Thomas Becker, at the report launch in Frankfurt at EWEA OFFSHORE 2013 on 20 November.

"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", he added.

The report Where's the money coming from? Financing offshore wind farms comes from EWEA with research from Ernst and Young.

Download the report's executive summary and learn more on EWEA OFFSHORE 2013.

The full report is available for press attending EWEA OFFSHORE 2013 today and will be publicly available from Monday 25 November here.

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