28 Jul '18, 3pm

Secondary finance driving offshore investments | Windpower Monthly

Secondary finance driving offshore investments | Windpower Monthly

More diversified offshore wind financing and an active secondary market led to a record $16 billion being spent on new projects that came online last year, the IEA stated. Meanwhile, investment in onshore wind dropped due to less activity in the US, China, Europe and Brazil, though one-third of this decline was because of falling investment costs. The divergent trends for investment in the two technologies came as IEA figures revealed that spending on renewable power generation fell 7% year-on-year. However, the $298 billion spent on renewable power worldwide in 2017 accounted for two-thirds of total power generation investments ($447 billion) last year. Meanwhile, Bloomberg New Energy Finance figures for the first half of 2018 show a 1% fall in clean energy investment year-on-year. Spending on energy efficiency increased 3% year-on-year and investments in electricity netw...

Full article: https://www.windpowermonthly.com/article/1487943/secondar...

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