Reports

Where's the money coming from?

Financing offshore wind farms

Where's the money coming from?

Published: November 2013

Pages: 72

Size: A4 (210mm x 297mm)

Summary

The European offshore wind energy industry needs to attract between €90 billion and €123 billion by 2020 to meet its deployment target of 40 GW.

Contents

This report recommends the following actions

  • Create a long-term stable and clear market and regulatory framework based in a 2030 binding renewable energy target at EU level
  • Develop predictable grid connection regimes, with clear allocation of responsibility and de-risked cost recovery mechanisms
  • Maintain so-called shallow grid connection charges as best practice for financing electricity infrastructure
  • Provide liquidity and credit support
  • Engage consumers in an open dialogue on the cost of energy