Geography 3422A/B Study Guide - Financial Crisis Of 2007–2008
8 Nov 2012
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Document Summary
Institutional investors give europe wind projects a needed lift. European union"s member states aim to have more than 43 gigawatts of wind-power capacity in place by the end of the decade or about 4% of estimated eu electricity consumption at that point. Since 2008 global financial crisis utilities and banks are more cautious about funding projects and bank capital has been in short supply. Institutional investors are helping to fill the gap: drawn to wind projects by the potential for steady long-term returns. Learning the ropes because offshore wind power is relatively new, institutional investors generally lack teams of people knowledgeable about the sector: starting to change as institutions recognize the opportunities. The learning curve is steep but pensiondenmark has already made measurable progress in understanding the industry. Thanks to its experience with the projects so far, pensiondenmark has expanded the group handling offshore-wind deals and is planning to increase its holdings.
