Big players from the oil & gas and power indsutries are lining up to become equity partners in floating offshore wind projects, in a trend that can help the sector make the leap to large commercial arrays, an industry conference was told.
A growing appetite for equity investment in the earlier stages of large floating projects, when fewer financing options are generally available, bodes well for the sector’s ability to meet growth forecasts that foresee hundreds of gigawatts over the coming decades, said Clement Weber, a director at Green Giraffe, the Paris-based renewable energy financial advisors.
