Wednesday 27 July 2016 10:12 am

Big investors are increasingly interested in offshore wind farms

Infrastructure and pensions funds have been ramping up their bets on the European offshore wind farm industry.

They snapped up 25.1 per cent of European offshore wind capacity in the first six months of this year, according to data released by industry group WindEurope today, up from 13.5 per cent last year.

This included investments the likes of Denmark's PKA pension fund, infrastructure fund Global Infrastructure Partners and Denmark's industrial workers' pension fund Industriens Pension.

It came as industry-wide investment hit a record €14bn (£11.75bn) during this period, beating a total of €13.3bn for the whole of 2015.

Giles Dickson, chief executive of WindEurope, said: “The record investment numbers show a clear industry commitment to offshore wind."

"We expect installations will pick up significantly in 2017 but there are a lot of challenges out there still on offshore wind."

"The current pipeline of projects is not enough, and the commitments [EU] member states have so far made for beyond 2020 fall well short of what’s needed."