Offshore Wind: Europe’s EUR 90bn Funding Gap

Executive Summary

With good onshore locations becoming hard to find,
Europe’s wind industry has its sights set offshore.

New Energy Finance estimates that Europe’s offshore wind plans will require at least EUR 90.8bn (USD 115bn) between now and 2030. Of this only EUR 2.7bn (USD 3.4bn) has so far been secured. A staggering EUR 88.7bn (USD 112bn) still remains to be found.

In this white paper New Energy Finance outlines what European governments need to put in place in order to streamline permitting processes and contribute to connection costs, if they want to hit their targets for offshore wind capacity.

Please download the full report for more detailed analysis.

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
 
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us