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Finance tight as Europe adds 1GW

Dong Energy and Siemens continued to dominate Europe’s offshore wind industry in the first half of 2013, as the European Wind Energy Association (EWEA) warned that uncertainty is undermining financing in the sector.

Latest EWEA figures showed 277 new turbines adding up to 1.045GW were grid-connected in European seas in the first six months of 2013 – double the 523MW added in the same period last year.

The continent’s total is now at 6.04GW spread across 58 wind farms in ten countries.

Danish development giant Dong accounted for 39% of the new capacity added, while Siemens turbines dominated the additions with 244 units, or 83% of the new megawatts.

But EWEA policy director Justin Wilkes said behind the healthy installation figures there is cause for concern.

Wilkes said: “Financing of new projects has slowed down with only one project reaching financial close so far this year. 

“This, together with a lack of orders being placed for offshore wind turbines, substructures and components, reflects the regulatory uncertainty in key offshore markets including Germany and the UK.”

EWEA said moves by national governments to provide investor certainty and a binding 2030 EU renewable energy target were among the measures needed.

EWEA’s figures showed 268 foundations were installed in the first half. Twenty one wind farms adding up to 5.7GW are under construction in Europe.

Turbines were grid-connected at Belgium’s Thornton Bank, Gunfleet Sands, Lincs, The London Array and Teesside – all in the UK – Anholt in Denmark and BARD Offshore 1 in German waters.

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