EnergyWatch

Investments in offshore wind boomed last year

Although only half as much offshore wind was connected to the European grid during 2016 as in 2015, the future still looks bright. However, industry association WindEurope cautions against inertia in Denmark and other countries.

Offshore wind keeps getting more attractive. In 2016, Europe alone saw total investments of EUR 22.6 billion in the technology, which corresponds to about 25 percent more than in 2015. Of this, EUR 18.2 billion was invested in 11 new projects with a total capacity of 4,948  MW, which is about 40 percent more money and almost two thirds as many megawatts as in 2015.

This is according to new statistics from European wind turbine organization Windeurope.

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