E.U. offshore wind to triple annual investments by 2020 – EWEA

The European Wind Energy Association projected that annual investments to European wind energy will reach 10 billion euros by 2020, as it expects growth of the percentage of banks participating in the wind energy market.

That is the general sentiment of the organization as the largest offshore wind power event takes place in Amsterdam, participated in by global investor Blackstone, the Dutch Rabobank, the Danish Export Credit Fund, ING Bank, Green Giraffe Energy Bankers, financial analyst Bloomberg, many chief finance officers of European utilities, and public financing institutes like Norddeutsche Landesbank.

«So far the financing squeeze has not really been felt very much in the offshore wind industry. I guess the main reasons are that many deals are balance sheet financed by very solid companies, and that many parties can clearly see the long-term solidity of the business. In that respect we are very different from many other businesses,» said Henrik Stiesdal, chief technology officer of Siemens Wind Power. – Jhoanna Frances S. Valdez

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