Wind power projects in Europe attracted €51.2 billion (£44.3bn) of investment last year, up 9% on the previous 12 months, according to trade body Wind Europe’s latest report.

Some 200 projects reached the stage of their final investment decision during 2017, with the UK and Germany accounting for more than half of the total.

Together, the projects would add a further 11.5GW to Europe’s wind power capacity.

The cost of investing in wind continued to fall, with the amount spent on infrastructure investment down 19% to €22.3bn.

Mergers and acquisitions

Instead, the overall total was buoyed by mergers and acquisitions, up from €6.8bn in 2016 to €14.4bn in 2017.

Consolidation continued, with acquisitions doubling in value.

A total of €7.6bn came through public capital markets as companies made use of liquidity in financial markets and lower interest rates.

> Download Wind Europe's report