Wind projects across Europe will require more than £100billion investment over the next seven years if they are to meet power provision targets, it has been claimed.
But ongoing concerns over the changes to energy industry regulations in the UK and Germany put the industry at risk of meeting the 40GW installed capacity targets for 2020.
A new report by EY looking at offshore wind projects warns that current funding methods, through funding by existing power producers, is being hit by constrained balance sheets.
http://www.energyvoice.com/2013/11/wind-projects-need-100bn-cash-hit-eu-targets-warns-new-report/
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