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Offshore Wind Investments So Far This Year Already Beating 2015

  • Industry attracted more than $15 billion in first six months
  • U.K. accounted for more than three-quarters of spending
Wind turbines sit in the North Sea at the London Array offshore wind farm, a partnership between Dong Energy A/S, E.ON AG and Abu Dhabi-based Masdar, in the Thames Estuary, U.K., on Tuesday, Oct. 27, 2015. The London Array, east of London, has 175 Siemens turbines and a capacity of 630MW.

Wind turbines sit in the North Sea at the London Array offshore wind farm, a partnership between Dong Energy A/S, E.ON AG and Abu Dhabi-based Masdar, in the Thames Estuary, U.K., on Tuesday, Oct. 27, 2015. The London Array, east of London, has 175 Siemens turbines and a capacity of 630MW.

Photographer: Simon Dawson/Bloomberg

Europe’s offshore wind-power industry attracted more investment in the first half of 2016 than it did during the whole of last year, according to figures from trade association WindEurope.

Investment hit a record 14 billion euros ($15.4 billion) in the first six months of 2016, exceeding the 13.3 billion euros invested in 2015, according to the organization’s report Wednesday.