EU Wind Capacity Reaches 100 Gigawatt Mark, Yet Financial Risk Threatens Growth
Reuters | Posted: 09/26/2012 6:00 pm EDT Updated: 09/27/2012 3:26 pm EDT
* Low interest rates not translating into cheap loans
* EU austerity measures increase political risk
* Emerging offshore sector can add capacity rapidly (Adds detail on offshore)
By Barbara Lewis
BRUSSELS, Sept 27 (Reuters) - Installed EU wind capacity has reached the 100 gigawatt mark - the equivalent of power generated from 39 nuclear plants or a train of coal stretching from Buenos Aires to Brussels - but financial risk threatens growth, industry body EWEA said.
"We have just in the past couple of weeks passed 100 gigawatts of total installed capacity in Europe," Christian Kjaer, CEO of the European Wind Energy Association, told a small group of reporters.