€26bn was spent on offshore projects in 2020
Europe wind investment surges 70pc
Calls to ease bottlenecks as capacity growth lags EU climate goals
Investment in wind capacity in Europe was up 70pc in 2020 compared with the previous year, but a slow permitting process means new capacity is not coming through fast enough to meet EU climate and energy goals, according to industry association WindEurope. Wind energy investment reached €43bn ($51.4bn) last year, the second-highest annual amount on record, despite the economic turbulence unleashed by the Covid-19 pandemic. “Governments need to simplify their permitting” Dickson, WindEurope Wind energy remained an attractive investment even in the current economic climate, according to WindEurope CEO Giles Dickson. “Given the right revenue stabilisation mechanisms are in place, there
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