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), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

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