Up to EUR 123 Billion Needed for European Offshore Wind Energy Industry

Between EUR90 billion and EUR123 billion are needed by the European offshore wind energy industry to meet its 2020 target of 40 GW. Yet the main obstacle to development is not the availability of the funding but the regulatory instability freezing the industry, a new report will show.

Regulatory stability and a post-2020 EU legislatative framework centred on a binding 2030 target for renewables are crucial if the offshore sector is to meet its massive clean renewable energy production and job creation potential according to the report, to be launched at EWEA OFFSHORE 2013 on 19-21 November in Frankfurt.

Politicians, industry CEOs and technical experts will come together at the event to debate this and the other most critical questions facing the offshore wind energy industry today. The 20 conference sessions range from high level panels to scientific workshops. Over 8,200 people attended EWEA’s previous offshore event in Amsterdam in 2011.

[mappress]

Press release, October 1, 2013; Image: ewea