Offshore Wind in Europe Seen Needing $11 Billion in Next Year
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Europe’s offshore wind energy industry needs 10 billion euros ($11.02 billion) by the end of 2016 to expand installations by about 20 percent, the industry’s trade association estimated.
The European Wind Energy Association said developers connected 2.3 gigawatts of offshore projects to the grid in the first half of the year, bringing the industry’s capacity to 10.4 gigawatts. About 1.7 gigawatts of that was in Germany, according to a report by the Brussels-based group.