Helped by vast improvements in technology and burgeoning investor interest, Europe’s wind power capacity has risen steadily over the last decade. However, trouble might be afoot for the industry on the continent as wind power continues to compete with other renewable energy sources for a decreasing total pool of government incentives.
In 2018, wind made up 18% of Europe’s total power generation capacity. While there are broad differences among the various European nations based on policies and market conditions, there continues to be strong overall investor demand for wind power installations throughout the continent. In 2021, onshore wind investment is expected to continue to grow year-over-year, which will result in increased exposure for investors in the area. Over the next three years, wind installations are expected to increase by around 35%1.