Invest NL

Sufficient capital available for financing Offshore Wind

On Friday 2 October, Invest-NL CEO Wouter Bos presented the report Financing Offshore Wind* to Ed Nijpels, chair of Voortgangsoverleg Klimaatakkoord, the consultative body that monitors the Netherlands’ commitment to achieving the goals of the Paris Climate Agreement. In keeping with current COVID-19 restrictions, the presentation took place in an online setting. The report shows that investors see Offshore Wind as a mature market, as evidenced by a growing interest and the increasing availability of capital. Invest-NL is therefore positive about the long-term availability of financing for Offshore Wind.

On Friday 2 October, Invest-NL CEO Wouter Bos presented the report Financing Offshore Wind* to Ed Nijpels, chair of Voortgangsoverleg Klimaatakkoord, the consultative body that monitors the Netherlands’ commitment to achieving the goals of the Paris Climate Agreement. In keeping with current COVID-19 restrictions, the presentation took place in an online setting. The report shows that investors see Offshore Wind as a mature market, as evidenced by a growing interest and the increasing availability of capital. Invest-NL is therefore positive about the long-term availability of financing for Offshore Wind.

“Having analysed the market, we conclude that the future prospects for financing Offshore Wind are good,” Wouter Bos explains. “The investors are there, the capital is there and the risks can be factored in. However, more certainty on the demand side is needed. It is vital that the government now fully commits to stimulating demand across the economy, and industry in particular, for example through electrification. This also provides a focus for Invest-NL as we explore ways to help accelerate innovations.”

Ed Nijpels is pleased with the report and with Invest-NL’s advice:
“It is good to hear that investors now recognise the investment opportunities in Offshore Wind in the Netherlands. It’s only logical that they have highlighted the need for sufficient demand for sustainable electricity. This underlines the importance of stimulating demand quickly in industry, the mobility sector and the built environment, with a view to accelerating an essential shift towards sustainability across all sectors.”

*The report Financing Offshore Wind is a direct response to the Climate Agreement. Invest-NL helped to draft the report at the request of the platform for the electricity sector. Commissioned by Invest-NL, consultancy firm PriceWaterhouseCoopers conducted a market consultation among investors and finance providers.

The report Financing Offshore Wind can be downloaded here.