The offshore wind industry needs between EUR90 and EUR123 billion by 2020 to meet its 40 GW target
, and equity and debt providers are willing to invest, but they fear regulatory instability considers the the European Wind Energy Association (EWEA).
What's blocking the needed investment is the uncertainty caused by changing regulatory frameworks, not least in the two largest markets, the UK and Germany, an independent survey of the financial community shows.
By undermining investment stability, governments are putting green growth, jobs and a world-leading European industry at risk", said CEO of the European Wind Energy Association (EWEA), Thomas Becker, at the report launch in Frankfurt at the current EWEA OFFSHORE 2013 expo.
"Stable national frameworks and a binding EU renewable energy target for 2030 will be a green light to investors and ensure the industry continues to flourish", he added.
The report, 'Where's the money coming from? Financing offshore wind farms' comes from EWEA with research from Ernst and Young, and is available as an executive summary at: