European Wind Investments

Another $8 Billion Invested in European Wind Power

Written by Brian Hicks
Posted June 15, 2012

According to Bloomberg, $3 billion was invested last financial year in the UK’s offshore wind industry, Energy Secretary Ed Davey disclosed. In addition he said the UK was on its way to meeting its target of 15% of the kingdom’s energy generated by renewable sources by 2020.

In other news, Sweden’s Vattenfall got the go-ahead to proceed with its plans for four new wind farms. It will invest a whopping $5.2 billion from 2012-2016 in these wind farms.

“Wind power is a prioritized investment area for Vattenfall. Wind is one of our six energy sources and during the coming five years, we will invest another $5.2 billion in wind power projects in Sweden and the rest of Europe,” Vattenfall Renewables’ head Anders Dahl stated.

The new wind farms are all over Europe. Germany is getting a wind farm called Forst Briesnig. Wales is getting the 250 MW “Pen y Cymoedd.” Denmark’s wind farm will be in Tamholt. Finally, the Netherlands is getting a 340 MW wind farm. While these farms are still in the planning stages, this very positive news for the European wind industry.