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Six projects worth EUR 7.5 billion reached Final Investment Decision (FID) last year – a 60% decrease from 2016 and the first decrease in investments since 2012 – according to WindEurope, which states that the transition to auctions has resulted in a lull in FIDs and that the auctions of the last two years are expected to lead to new project FIDs in 2018.
German wind power developer wpd AG has signed a Memorandum of Understanding with CR Classification Society, two Taiwan’s research and development bodies, and representatives from engineering think tanks, and will assist Taiwan in reaching its aim of increasing domestic financial operators’ willingness to invest in offshore wind farms.
Iberdrola posted net profit of EUR 827.6 million in the first quarter of 2017, 4.7% down on the same period last year.
The first quarter of this year saw a 60% year-on-year decrease in offshore wind financings, from USD 11.5 billion in Q1 2016 to USD 4.6 billion in Q1 2017, according to Bloomberg New Energy Finance’s (BNEF) report on global clean energy investment.