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Offshore market drives European wind power investment rebound as political support grows

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Offshore market drives European wind power investment rebound as political support grows | Windpower Monthly

Offshore market drives European wind power investment rebound as political support grows

Driven by record financing of offshore wind projects, investments in wind energy in Europe significantly rebounded last year to more than double that in 2022.

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Related Knowledge Center: ENERGY BASICS: wind

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Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent. 

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