Europe sinks to 13-year low for wind construction finance

Investment in building new European wind farms slipped to a 13-year low in 2022 with just €16.9bn invested, WindEurope has reported.

The association today published its 'Financing & Investment Trends 2022' report, in which it warned the investment climate has becoming more difficult for investors in European wind. The €16.9bn of construction finance invested last year is set to support 12.2GW of new projects, which is far below the 31GW that WindEurope said needed to be installed annually in the European Union to hit 2030 climate targets.

However, WindEurope also reported €16bn was invested in project acquisitions in Europe in 2022, with projects totalling a record 22.3GW changing hands. This was an increase of 29% year-on-year and driven by more transactions in early-stage developments.

In addition, there were no final investment decisions made for utility-scale offshore wind farms in Europe last year, with just two 30MW floating wind projects in France reaching this investment milestone.

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