{access view=!registered}Only logged in users can view the full text of the article.{/access}{access view=registered}Market Overview – What Happened in 2011?
The European offshore wind farm sector experienced increasing activity during 2011, with a capacity of 866MW brought on-line and another 2.375MW now under construction. The vast majority of the new capacity (752MW) was built in the UK, but the forthcoming pipeline is mainly in Germany – and indeed project finance for the sector was concentrated in that country, with three projects (Meerwind, Global Tech 1 and Baltic 1) raising a record € 2 billion in bank debt, an increase of 40% on the previous year and a demonstration of the country’s ambitious plans gaining momentum.
