Offshore wind in Europe draws €14 billion investment in first half of 2016

The European offshore wind industry attracted a record €14 billion in new investments during the first six months of 2016. Seven projects reached final investment decision this year, financing a total of 3.7GW of new capacity. The UK accounted for nearly three-quarters of the new investments. The volume of new grid-connected installations in the first half of 2016 was 511 MW, 78% down on the same period in 2015. This is expected to pick up next year and toward 2020. ….