Offshore wind receives 40% debt finance boost
EUROPE: Despite the global economic squeeze, last year saw a 40% increase compared with 2010 in non-recourse debt finance for offshore wind power in Europe, as nine new offshore wind farms moved closer to completion.With 2,375MW of new generation capacity under construction during 2011, installed offshore wind power within the European Union is set to increase by 62%, according to the European Wind Energy Association's (EWEA) 2011 review of the offshore sector.
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