The European offshore wind industry: Key trends and statistics 2016

The European offshore wind industry attracted a record €14 billion in new investments during the first six months of 2016. Seven projects reached final investment decision this year, financing a total of 3.7GW of new capacity. The UK accounted for nearly three-quarters of the new investments. The volume of new grid-connected installations in the first half of 2016 was 511 MW, 78% down on the same period in 2015. This is expected to pick up next year and toward 2020. This report summarises construction and financing activity in European offshore wind farms from 1 January to 30 June 2016.