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Record 13 billion euros invested in offshore wind projects

Staff writer |
Offshore wind investments in Europe doubled in 2015 to €13.3 billion in a record year for financing and grid-connected installations.

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A total of 3,019 MW in new offshore wind capacity came online in European waters in 2015, more than double what was connected to the grid in 2014. Europe's total offshore wind capacity is now 11,027 MW. EWEA Annual Offshore Statistics 2015.

A further 3,034 MW of capacity - spread across ten projects - reached final investment decision last year, a twofold increase on 2014.

Giles Dickson, CEO of the European Wind Energy Association, said: "It's good to see the high level of investments in offshore wind in Europe in 2015. The 3GW of new capacity additions is also encouraging though it includes a large backlog of grid connections from 2014, especially in Germany."

Germany (2,282MW), the United Kingdom (556MW) and the Netherlands (180MW) were the three countries to grid-connect new offshore wind turbines in 2015 with 14 projects reaching completion.

Work is ongoing on a further 6 projects in Germany, the UK and the Netherlands, which will contribute an additional 1.9GW in capacity.

With a net addition of 754 wind turbines fully grid connected in 2015, the average machine size rose to 4.2MW from 3.7MW a year earlier as manufacturers continue to develop larger models with higher energy capture.

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