Europe invested €27bn in wind farms in 2018

Europe has invested €27bn in new wind farms during 2018 according to WindEurope’s annual Financing and Investment Trends report published today.

Although the amount invested is similar to previous years, cost reductions will help the investment go further and 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.

The UK was the biggest investor, mostly in offshore wind. Sweden was second. Investments in Southern and Central and Eastern Europe were only 4 per cent of the total, though Spain and Poland will pick up this year.

Developers are also increasingly financing wind farms through debt. New business and ownership models have diversified the pool of investors, with banks, institutional lenders and export credit agencies (ECAs) looking to provide long-term finance.

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