Wind energy financing faces headwind
Renewable energy financing by the Landwirtschaftliche Rentenbank, a bank that provides refinancing for agriculture and rural areas, plummeted in the first half of 2018 compared to the same period last year, the bank said in a press release. “Changes in the German Renewable Energy Sources Act (EEG) led to a significant decline in demand, especially for wind energy financing.” New wind energy financing stood at 270 million euros from January to July 2018, down from 1.24 billion euros in the same period 2017.
Find the press release in English here.
Find background in the CLEW dossier Onshore wind power in Germany.