The wind industry invested 26.7 billion euros ($30.05 billion) in new European wind farms in 2018, according to a new report from industry body WindEurope.
The investment is similar to recent years but, because of cost reductions, it will finance a record 16.7 gigawatts (GW) in new capacity, WindEurope said.
It added that 1 megawatt (MW) of new onshore wind capacity now needed 1.4 million euros in capital expenditure, down from 2 million euros in 2015. In the offshore sector, 1 MW of capacity needs 2.5 million euros compared to 4.5 million euros in 2015.
