European investment in wind power fell 11% last year to $43.6 billion compared to 2020, but because most of that was for relatively low cost onshore, the 24.6 GW total financed was a record for a single year, says a new report by the Brussels-based trade group WindEurope.
Wind energy remains an attractive investment, "and there is plenty of capital available to finance it," the Brussels-based group says. However, governments must ease permitting procedures if carbon reduction targets are to be met, it adds. While European Union countries need to install 30 GW a year, they achieved only 19 GW in 2021.