Schmitz said there was still enough money available for offshore finance. However, the terms for this are no longer as generous as they once were.
Banks are less likely to agree longer terms as they have done in the past, with 10-7 years most likely. Also, he said banks would be more likely to back projects in countries with stable energy policies.
He highlighted Germany, UK, France and the Netherlands as among the best countries for invesment.
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