UK leads market as banks slowly warm to offshore wind

Jessica Shankleman
clock

European Wind Energy Association report shows 4.5 per cent increase in offshore turbines installations for first half of 2011

The number of banks willing to back European offshore wind projects is steadily growing, according to a new report that predicts a record €3bn (£2.6bn) of bank funding will be delivered to the emerging...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Wind

'Snow joke': UK now has enough offshore wind capacity 'to roast three million turkeys'

'Snow joke': UK now has enough offshore wind capacity 'to roast three million turkeys'

The UK now boasts 16.1GW of offshore wind capacity, while the government has given the green light to a further 9GW of new renewables capacity in only the past 18 months

Michael Holder
clock 24 December 2025 • 3 min read
RWE and Thames Water ink five-year onshore wind farm deal

RWE and Thames Water ink five-year onshore wind farm deal

RWE to supply 132GWh of clean electricity to Thames Water each year through to 2030, covering up to 15 per cent of utility's essential services

Stuart Stone
clock 19 December 2025 • 2 min read
Five Estuaries: Government green lights 300MW North Sea offshore wind project

Five Estuaries: Government green lights 300MW North Sea offshore wind project

Plans to add 79 turbines to existing Galloper Wind Farm off the Suffolk coast approved by DESNZ

Stuart Stone
clock 18 December 2025 • 2 min read