EU Guidelines Undermine Renewable Energy

The European Commission proposes putting an end to differentiated support for renewable technologies such as onshore and offshore wind in its consultation of draft State aid guidelines for energy and the environment published this week according to the European Wind Energy Association (EWEA). This would effectively stop Member States from determining their own energy mix – a fundamental principle of EU energy policy says EWEA.

AREVA OFFSHORE MASTS“These guidelines, if adopted in their present form, endanger Member States’ ability to meet their 2020 renewable energy targets cost effectively,” said Pierre Tardieu from the EWEA. “Moreover, following the destabilising regulatory changes for renewable energy in many countries, requiring further fundamental changes to support mechanisms would cause major investor uncertainty.” The organization has drafted its own brief related to the EU’s proposed guidelines.

EWEA is calling for Member States and stakeholders to speak out to ensure the guidelines do not put at risk their path to the 2020 targets when they take part in the consultation on the proposal that has been launched. The guidelines are expected to enter into force on 1 July 2014.

Separately, the European Commission has announced investigations into the German renewable energy support mechanism, the EEG, and the UK’s measures offering generous support to nuclear energy.

“The EEG investigation risks undermining the wind industry in Germany by destabilising investors, and putting at risk the jobs, energy security and industrial leadership brought by wind and other renewables,” said Tardieu. “The Commission needs to carry out this investigation as rapidly and with as little disruption as possible.”

“The UK nuclear investigation is welcome, since the proposed 35-year subsidy would wreck efforts for a single European electricity market until after the year 2058 – over 100 years after the first commercial nuclear power plant was installed at Sellafield/Windscale in the UK,” Tardieu concluded.

Vivent Solar Sends Kids to Science Camp

Vivint Solar is sending kids to science camp. The solar company announced that it has matched the maximum fundraising efforts of $15,000 of the Windsor, California community to enable every sixth grader the opportunity to attend a three-day science camp in February.

VIVINT SOLAR WINDSOR MIDDLE SCHOOL CHECKDue to budget cutbacks, the students were at risk of not being able to attend camp this next year. The Alliance Redwoods science camp, in Occidental, Calif., costs about $165 per student, and the community had only raised about half of the funds needed before Vivint Solar stepped in to pay the difference.

“We are proud to invest in the outdoor environmental education that science camp provides to young students,” said Greg Butterfield, CEO of Vivint Solar. “The long-term value of giving to the Windsor Middle School community during the holiday season is priceless to our team.”

The company found out about the shortfall from first-grade teacher Kelli Wong, a teacher at Healdsburg Elementary and Vivint Solar customer.

“I know that Vivint Solar is concerned about the environment, with their focus on the sun as a powerful and renewable resource,” said Wong, a parent of a sixth grader at Windsor Middle School. “I, and the entire community, was so excited when Vivint Solar responded so quickly to our need and invested in the science camp experience. The sixth-graders are beyond ecstatic about being able to go to camp together for a once-in-a-lifetime learning opportunity that is in line with the school’s emphasis on environmental stewardship.”

In addition to funding, Vivint Solar representatives will visit the camp when the students arrive to hand out t-shirts, water bottles and other necessities to ensure the campers are ready to learn and have fun.

Marshall County Wind Farm Begins Construction

Laurel MorningMarshall Wind Energy LLC, a wholly-owned subsidiary of RPM Access LLC, has begun construction of its 74 MW wind farm in Marshall County near Beattie, Kansas. The company executed a high voltage transmission interconnection agreement with Westar Energy and Southwest Power Pool in mid-2011. Under the terms of this arrangement, the two companies are coordinating their efforts to pursue all design, engineering and construction activities related to the Westar 115kV Marshall County Wind Farm Switching Station and the Marshall Energy Rock Substation. Energization is scheduled for August 2014 with wind farm commercial operations expected by year end 2014.

A contract has also been signed with Mortenson Construction to provide balance-of-plant design and construction management activities. Marshall Wind has established a local business office in Beattie. An on-site construction management office and equipment have been mobilized to support construction of access roads to wind turbine locations along with substation site grading and foundation work activities that are now underway.

Renewable energy generated by the project will be purchased by multiple entities via long-term contracts. In September, Marshall Wind signed a 20-year power purchase agreement (PPA) for 20 MW with the Missouri Joint Municipal Electric Utility Commission (MJMEUC). The project will qualify for current renewable production tax credits (PTCs). Located within the Southwest Power Pool market region, Marshall Wind in 2014 is ideally positioned to offer for sale under long-term contract(s) the remaining available capacity.

The project is anticipated to create more than 150 jobs during the construction phase and approximately four permanent positions. The wind farm will also benefit the community by strengthening the local economy and providing a steady flow of revenue to Marshall County.

Hydro-PV Hybrid Project in China Connects to Grid

What is believed to be the world’s largest hydro and PV hybrid project has been connected to the grid and is now supplying power from the Longyangxia Dam in Qinghai Province, China. Yingli Green Energy Holding Company, who supplied 15 MW YGE series photovoltaic (PV) modules for the project congratulated the project team for its successful efforts.

Longyangxia DamWith a total capacity of 320 MW, the project began construction in March 2013 and started grid connection and commissioning last week. During its 25 years lifetime, the hyrdo-solar project is expected to deliver 498 million kWh of electricity per year to the grid.

“We feel delighted about the successful grid connection of world’s largest hydro and PV hybrid project,” said Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. “In addition to this hydro and PV hybrid project, the company has also been acting proactively in integrating PV with architecture, agricultural, and other fields. For example, the Power Valley International Hotel – world’s first five star hotel with BIPV application applied our curtain wall Series PV modules, integrating solar power generation into the overall design and making the building more environmental friendly.”

Miao added, “The Company also focuses on the innovative applications of PV modules with traditional agriculture, promoting the development of eco-agriculture. Besides, we installed more than 20 MW PV modules on our factories, parking lots, and other facilities, which will provide approximate 23 million kWh solar electricity per year for the company’s production and operation. This will help the company to reduce CO2 emission and increase renewable energy consumption.”

U.S. Solar Energy Industry Breaks Records

Solar Report Figure1.1_0GTM Research and the Solar Energy Industries Association (SEIA) have released the “U.S. Solar Market Insight: 3rd Quarter 2013,” the definitive analysis of solar power markets in the U.S., with strategic state-specific data for 28 U.S. states and the District of Columbia.

According to the report, the U.S. installed 930 megawatts (MW) of photovoltaics (PV) in Q3 2013 is up 20 percent over Q2 2013 and 35 percent over Q3 2012. This represents the second largest quarter in the history of the U.S. solar market and the largest quarter ever for residential PV installations. The report finds that even more importantly, 2013 is likely to be the first time in more than 15 years that the U.S. installs more solar capacity than world leader Germany, according to GTM Research forecasts.

“Without a doubt, 2013 will go down as a record-shattering year for the U.S. solar industry,” said Rhone Resch, SEIA president and CEO. “We’ve now joined Germany, China and Japan as worldwide leaders when it comes to the installation of new solar capacity. This unprecedented growth is helping to create thousands of American jobs, save money for U.S. consumers, and reduce pollution nationwide. When it comes to preparing for America’s future, clean, dependable and affordable solar energy has become the ‘Little Engine That Could,’ defying expectations and powering economic growth – and, frankly, we’re just scratching the surface of our industry’s enormous potential.”

Solar Report Figure2.1_4The report finds that the residential market continues its rapid growth. Through Q3, residential PV installations were up 45 percent year-over-year, driven largely by increasingly attractive economics and by fair net metering policies. The non-residential (commercial) market has seen the most difficulty this year with installations forecasted to stay flat over last year. The utility market continues its consistently strong installation numbers and is forecasted to exceed 1 gigawatt (GW) of installations in the fourth quarter, including Abengoa’s Solana, the world’s largest parabolic trough concentrating solar power (CSP) plant with a 6-hour thermal energy storage system. This will be the first time any individual market segment has hit that mark.

“Solar is the second-largest source of new electricity capacity in the U.S. this year, trailing only natural gas,” said Shayle Kann, vice president of research at GTM. “As solar continues its march toward ubiquity, the market will require continued innovation, efficiency improvement and regulatory clarity. But already the groundwork has been laid for a mainstream solar future.”

Grupo T-Solar Powers Up Plant in Cali

Spain-based Grupo T-Solar has successfully completed its first photovoltaic solar plant in El Centro, California. The solar plant, located in the municipality of Centro (Imperial Valley, California), occupies 140 acres of land and will produce 55 GWh per year, equal to an energy consumption of more than 12,000 inhabitants. The sale of energy is regulated by a 30-year Power Purchase Agreement (PPA) with the company IID (Imperial Irrigation District).

“USA is one of the target markets for the growth of Grupo T-Solar and a key part of our long term business strategy”, said Marta Martinez, CEO of Grupo T-Solar.

Grupo T-Solar Centro Cali project The project in El Centro has an investment of over U.S. $75 million (more than 55 million euros) and has been financed and supported by several international financial institutions including North American Development Bank, as senior lender; Santander Bank NA, a subsidiary of Banco Santander, as Tax Equity Investor; Astris Finance, a financial advisory firm specializing in energy and infrastructure structured finance in the Americas, acted as financial advisor; and CCA Group, a FINRA-registered broker-dealer specializing in renewable energy, acted as advisor for the tax equity component.

“We are very grateful and proud to cooperate with the City of El Centro in a joint effort to preserve and enhance environmental conditions and quality of life for people living in Imperial County”, said Marta Martínez.

The new solar plant is located in an area considered as priority by U.S. and Mexican Governments in its effort to preserve and improve the environmental conditions and the quality of life of the people who live on the border between the two countries.

According to the company strategy in the U.S. market, Grupo T-Solar has just been awarded a MATOC (Multiple Award Task Order Contracts) by the Department of Defense. The program has a budget of $7 Billion with the goal of installing 3,000 MW of renewable energy in the facilities of the U.S. Army until 2025.

DOE Invests $13M in Solar

The U.S. Department of Energy (DOE) has announced over $13 million for five projects that they say will strengthen domestic solar manufacturing and speed commercialization of photovoltaic and concentrating solar power (CSP) technologies. The awards were given under the SunShot Initiative, a program aimed at creating a competitive solar industry in the U.S.

Screen Shot 2013-12-11 at 11.25.56 AM“The strong, continued growth in the U.S. solar industry over the past few years is giving more and more Americans access to affordable clean energy,” said Energy Secretary Ernest Moniz. “We have a tremendous opportunity for American manufacturing to lead the global clean energy market and help pave the way to a cleaner, more sustainable energy future.”

According to a new U.S. solar industry report, the U.S. solar market continues to grow – reaching record-breaking levels. In Q3 2013, the United States installed 930 megawatts of photovoltaic, up 20 percent over Q2 2013 and representing the second largest quarter in solar installations in U.S. history. Cumulatively, solar capacity has already surpassed 10 gigawatts and by the end of the year more than 400,000 solar projects will be operating across the country.

Matched by over $14 million in private cost share, the DOE’s investment will help companies in California, Colorado, Georgia, Pennsylvania and Oregon develop cost-effective manufacturing processes for photovoltaic and CSP technologies. For example, Colorado-based Abengoa Solar will develop new methods to produce concentrating solar power trough systems, helping to lower overall production costs and support easy and quick on-site assembly. PPG Industries, headquartered in Pennsylvania, will lead a project to cut solar module manufacturing costs in half, while Georgia-based Suniva will develop a low-cost highly efficient silicon photovoltaic cell.

Broadly, the DOE investment announced today will help drive affordable, efficient solar power in the United States and help industry partners meet the SunShot Initiative’s goal to make solar energy fully cost-competitive with traditional energy sources by the end of the decade. These awards also support the Department’s broader Clean Energy Manufacturing Initiative to increase the efficiency of the U.S. manufacturing sector and ensure that clean energy technologies continue to be made in America.

GEA Names Winners of GEA Honors 2013

The Geothermal Energy Association (GEA) has announced the winners for the GEA Honors, which recognize companies and individuals that have made significant contributions during the past year to advancing technology, spurring economic  GEA logodevelopment and protecting the environment. The winners were selected in categories including Technological Advancement, Economic Development and Environmental Stewardship. Now in its third year, GEA also provides special recognition of companies and individuals who have made notable advances and achievements for geothermal energy.

“Even in a challenging environment, our GEA Honors winners represent the best in a growing industry. These geothermal leaders are trailblazers and should be praised for the headway they’re achieving for the entire sector,” said GEA Executive Director Karl Gawell.

Technological Advancement – Awarded for developing a new, innovative or pioneering technology to further geothermal development: U.S. Geothermal’s 22 MW Neal Hot Springs Geothermal Power Plant:

Economic Development – Awarded for making a substantial contribution to the development of local, regional or national markets through the development of geothermal systems: GeothermEx.

Environmental Stewardship – Awarded for fostering outstanding environmental stewardship through the use of geothermal systems. This award is presented in conjunction with the Environmental and Energy Study Institute (EESI) to  Dale Merrick, Canby Geothermal.

Special Recognition – The Special Recognition Award is presented to individuals or companies for their outstanding achievement in the geothermal industry. GEA wishes to recognize the following individuals and organizations for their outstanding work and support for geothermal energy during the past year:

  • Katherine Young and her team at NREL for their work on the Geothermal Regulatory Roadmapping effort;
  • Steamboat Hot Springs Healing Center in Reno Nevada;
  • Authors Magnus Gehringer and Victor Loksha of the World Bank for the ESMAP Geothermal Handbook; and
  • Cornell Team Erin Riley Camp, Sean Hillson and Jeff Tester for their help on GEA’s analysis efforts, particularly the Geothermal Externalities Paper.

GEA also recognized companies that have worked to bring new geothermal power on-line in the United States this year:

  • Ormat for the expected completion of the new Don A. Campbell (formerly named Wild Rose) geothermal power plant.
  • ENEL Green Power North America and Ormat for completing construction of the new Cove Fort power plant in Utah.
  • Surprise Valley Electric Cooperative for their 3MW power plant in Oregon, which is expected to be on-line in early 2014.
  • Gradient Resources’ Patua Geothermal Project:

DuPont Starts Solar Project on Landfill Site

DuPont has commissioned a 548kw solar installation located on five-acres of former Superfun landfill site in Newport, Delaware. The solar farm will produce enough electricity to power 60 homes and will generate approximately 729,000 kilowatt hours of power per year.

NewportPVSiteAfter successfully completing remediation at the Newport site, and with the support of the Environmental Protection Agency (EPA) and the Delaware Division of Natural Resources & Environmental Control (DNREC), DuPont collaborated with Tangent Energy Solutions to put develop the solar project. Greenwood Energy owns the project and solar panels were provided by DuPont Apollo.

During a celebration event held at DuPont’s Photovoltaics Application Lab, Delaware Governor Jack Markell said of the new project, “The DuPont Solar Power Project complements Delaware’s commitment toward using clean, renewable energy sources. Generating solar energy benefits the residents of Newport, and positively impacts our state – increasing our competitiveness, reducing air pollution, improving public health and creating jobs.”

Linda Fisher, vice president – DuPont Safety, Health & Environment & Chief Sustainability Officer said to the crowd, “We’re very excited about this project because it is the first time we’ve utilized solar on a former landfill. The project will reduce DuPont’s greenhouse gas emissions by 350 tons a year and reuse a portion of a federal Superfund site that had been considered to be unusable land. This is a great example of what we’re trying to do at DuPont around the world: working collaboratively to help meet the growing demand for energy with renewable fuels.”

This represents the 11th solar installation on DuPont land to date, and the fourth in Delaware.

“Under the RE-Powering America Initiative, EPA encourages renewable energy development on current and formerly contaminated land when it is aligned with the community’s vision for the site,” added Shawn Garvin, regional administrator – EPA Mid-Atlantic Region 3. “When we work together to turn an environmental problem into an opportunity, we create the best of what is possible – here solar energy will serve the families of Newport and inspire others to re-power America with alternative energy solutions.”

PPL Doubles Capacity of Hydroelectric Facility

PPL Holtwood has announced completion of a new, 125-megawatt powerhouse at its Holtwood hydroelectric facility along the Susquehanna River in south-central Pennsylvania. The powerhouse is part of a $440 million expansion project to boost the plant’s generating capacity and improve fish passage over the century-old dam. The integrated improvements to the fish lifts and water flows are expected to better attract fish into the lifts and ease their migration along the Susquehanna River and its tributaries.

The new powerhouse sits adjacent to the century-old powerhouse and more than doubles the plant’s generating capacity from about 108 megawatts to more than 230 megawatts. The additional capacity is enough to power about 100,000 homes.

PPL GENERATION HOLTWOOD PLANT NEW POWERHOUSE“This project, one of the largest expansions of its kind in the U.S., represents a major investment in clean, reliable, renewable energy,” said Victor Lopiano, senior vice president of Fossil & Hydro Generation for PPL. “I thank everyone who was involved in design and construction of the new powerhouse. This project highlights the potential to upgrade existing hydroelectric facilities and expand capacity without the need to build new dams. The new facility’s two 62.5-megawatt turbines are capable of generating more electricity than the 12 existing turbines, combined.”

Lopiano said the hydroelectric expansion further strengthens the diversity of PPL’s competitive generation fleet within the mid-Atlantic. The fleet includes hydroelectric power, nuclear power, natural gas and coal-fired power plants, along with other forms of renewable energy.

IKEA Plugs In 3 Blink EV Charging Stations

IKEA has plugged-in three Blink® electric vehicle (EV) charging stations at its Dallas-area store as part of its partnership with Car Charging Group, Inc., the new owner of the Blink Network and Blink charging stations, and the largest provider of EV charging services with more than 13,430 charging points in 35 states and three countries. To charge an EV at IKEA Frisco, drivers pull into a EV_charging_stations_at_IKEA_Frisco_TX_Dallas_USA_designated parking spot, tap their Blink InCard (RFID card) to the reader below the screen, plug the charger into the EV, and then shop and eat at their leisure in the IKEA store while the vehicle is charging.

The new EV charging stations represents the 10th such project for IKEA in the U.S., with installation underway at seven other locations. In total, completion of the units currently planned will bring the total number of Blink charging stations available at IKEA locations to 55. Drivers may call Blink Customer Support (888-998-2546) to be provided with a guest code for the charging session and/or become a Blink member, which provides discounted rates at Blink stations. Information about Blink membership is also available at .

“We are thrilled at how these electric vehicle charging stations further the sustainability of IKEA Frisco, and now are available to the public,” said Robby Wierman, store manager. “We appreciate the support of CarCharging and Oncor – our partners in helping facilitate and promote the use of EVs in North Texas.”

Ecosphere Receives U.S. Patent for Ecos PowerCube

Ecosphere Technologies, Inc. has announced that the United States Patent & Trademark Office has approved U.S. Patent No. 8,593,102 for Ecosphere’s Ecos PowerCube® – a portable, self-contained micro-utility that uses solar power to provide electricity in the most remote, off-grid locations. Designed to meet the growing demand for off-grid energy, with a unique array of stacked solar panels, the Ecos PowerCube maximizes the total amount Ecos PowerCubeof solar power generation possible in 10’, 20’ and 40’ standard ISO shipping container footprints. With power generation capabilities up to 15 KW, the technology can be transported by land, air, or sea and is ideally suited to support off-grid military, disaster relief, humanitarian and mobile communication efforts.

The company says electricity generated by the Ecos PowerCube can be used to power various onboard systems including satellite communications, Internet connectivity, and mobile water treatment systems. The system can also be used to supply military or disaster relief teams with life-sustaining, mobile infrastructure modules, such as hospitals, command centers, sleeping quarters, and temporary schools.

Dennis McGuire, Chairman and CEO of Ecosphere Technologies, said, “We are pleased to finally announce the U.S Patent Office’s decision to grant our Ecos PowerCube patent and the commercial launch of the Ecos PowerCube product line. We believe the Ecos PowerCube addresses significant infrastructure deficiencies in remote field camp installations or when responding to large-scale disasters. Consistent with Ecosphere’s business model, we are seeking to license the Ecos PowerCube to a wide range of entities, including branches of the U.S. and global armed forces, as well as corporations that provide equipment for the military and a wide variety of disaster relief agencies worldwide.”

With the Army embracing renewables to make the business of war safer for soldiers, Ecosphere believes the Ecos PowerCube system is ideal for the military. In May 2013, the Army announced plans to spend $7 billion buying electricity generated by solar, wind, geothermal and biomass projects over the next three decades.

“The Army’s target is to install 1 gigawatt of renewable capacity in the U.S. by 2025 and to reduce non-tactical fuel consumption 30 percent by 2020 from 2005 levels,” said Dean Becker, director and intellectual property strategist for Ecosphere. “The Ecos PowerCube is the world’s most powerful mobile solar powered generator that can ship in standard 10 to 40 foot ISO container dimensions. It can be shipped by truck, rail, air, and sea – just like a standard shipping container.”

Becker added, “When you ship and deploy an Ecos PowerCube, there is no assembly required. Press a button and the solar panels deploy, producing power from the sun. It is a revolutionary solar design that the U.S. Patent Office recognized as being unique and patentable. Unlike conventional solar arrays systems that are placed on the ground or on top of containers, Ecosphere’s patented solar arrays can be retracted to protect the panels in the kind of inclement weather that is prevalent in war zones or disaster relief type scenarios.”

Alliant Energy Cuts Energy Efficiency Goals

The Iowa Utilities Board (IUB) today approved Alliant Energy’s plan to scale back energy efficiency goals at the same time the utility is pursuing a new $920 million plant in Marshalltown, Iowa. According to the Environmental Law & Policy Center Alliant is punting on a chance to lead on energy efficiency and ensuring the utility’s Iowa customers will pay higher electric bills for years.

Alliant-Energy“At a time when Iowa is defining its energy future, the IUB could have advanced Iowa’s leadership on energy efficiency, but instead it put that leadership in doubt,” said Josh Mandelbaum, staff attorney for the Environmental Law & Policy Center, part of a coalition of environmental groups who intervened in the proceedings. “Energy efficiency creates jobs and is the most cost effective way to meet demand for power, but instead we are taking the expensive path of new power plants.”

The new goals represent less than half the efficiency progress possible through cost-effective means even under the utility’s own analysis, commissioned in 2012. The decision comes at a time when many states in the Midwest and nationally are increasing the amount of energy saved, not reducing those savings.

“It is disappointing that the Board approved savings goals for Alliant Energy that leaves significant amounts of cost-effective energy efficiency on the table,” said Nathaniel Baer, energy program director at the Iowa Environmental Council. Energy efficiency is most valuable when new generation is needed, and a precursor to approving plans for a newer power plant should be to ensure that we are implementing all of the available cost-effective energy efficiency.”

Under the new goals, Alliant will attempt to save 1.1 percent in retail sales each year over the next five years. This is a sharp reduction from both the utility’s current goal of 1.3 percent or its recent performance of 1.4 percent. Continue reading

Abengoa Announces Sustainable Business Prize

International renewable energy company Abengoa has launched the second edition of the Focus-Abengoa Sustainable Business Prize that seeks to recognize suppliers that have demonstrated their commitment and made a contribution to sustainable development.

abengoa-logoThe company presents this award to highlight outstanding actions by its suppliers. It is open to all companies that have been suppliers to Abengoa, or any of its subsidiaries in any country during the last 24 months, and that are implementing or have completed initiatives in the last two years that have contributed to social development and reducing environmental impact. The prize will be awarded in two categories – one for small and medium size companies with less than 50 employees, and another for large companies with 50 or more employees.

The jury for the Focus-Abengoa Sustainable Business Prize will be comprised of Jose Borrell Fontelles, vice-chairman of the Focus-Abengoa Foundation and Abengoa’s International Board, and chairman of the jury; Cristina Garcia Orcoyen, managing director of the Entorno Foundation; German Granda, general manager of Foretica; Jose Luis Blasco, managing partner for climate change and sustainability services at KPMG; and Maria Mendiluce, director of the World Business Council for Sustainable Development (WBCSD).

The committee is looking for projects or initiatives that promote responsible business management and stand out for their originality, innovative nature, impact and leadership.

Companies that wish to participate should complete the form on the competition website (http://sustainability.abengoa.com) and return it before December 11, 2013 to the e-mail address rsc@abengoa.com. When returning the form, please include in the subject line of the email “2nd edition of the Focus-Abengoa Sustainable Business Prize”.

In the 1st edition of the Prize, the jury chose Novozymes in the large company category for its “Life Cycle Studies (ACV)” project, while in the small and medium sized company category no first prize was awarded, although the jury decided to present a runners-up prize to Aislamientos Desmontables S.L. for its initiative, “Environmental control, quality, health and safety in the workplace”.

Offshore Wind Needs EUR123 Billion to Meet Goals

EWEA offshore wind financial reportAccording to new research, the offshore wind energy sector needs up to EUR123 billion in investment between now and 2020 if it is to meet its target of 40 GW of installed capacity. Equity and debt provides are willing to invest; however, they are holding back due to regulatory instability.

What’s blocking the investment is the uncertainty caused by changing regulatory frameworks, not least in the two largest markets, the UK and Germany, the independent survey of the financial community shows.

“By undermining investment stability, governments are putting green growth, jobs and a world-leading European industry at risk,” said CEO of the European Wind Energy Association (EWEA), Thomas Becker, at the report launch in Frankfurt at EWEA OFFSHORE 2013. “Stable national frameworks and a binding EU renewable energy target for 2030 will be a green light to investors and ensure the industry continues to flourish.”

The report, ‘Where’s the money coming from? Financing offshore wind farms‘ comes from EWEA with research from Ernst and Young.