Europe's
15
leading
utilities
over
the
past
three
years
invested
an
average
of
€12bn
per
annum
in
renewable
energy,
BCG
calculates.
If
this
volume
was
to
be
sustained
up
to
2020,
and
half
the
total
annual
sum
was
sunk
into
offshore
wind
each
year,
this
would
amount
to
€40bn
of
capital
expenditure.
Another
€20bn
could
be
provided
by
private
and
state
banks
over
the
same
period,
if
they
embraced
the
sector.
But
BCG
claims
a
total
€110bn
is
needed
to
reach
targets
under
EU
renewable
energy
plans
of
40GW
of
installed
capacity
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