by Citation News Editor
4. August 2010
German Federal Environment Minister Norbert Röttgen announced on July 29 that offshore wind power companies can rely on government guarantees to finance 10 wind energy mega-projects in the North and Baltic seas.
The projects involve the development of 10,000 MW of offshore wind farm capacity within the next 10 years, and 25,000 MW in the next 20 years.
The German government is finalizing its energy plans for the next 40 years. Röttgen believes that Germany can reach nearly 100% renewable energy by 2050, with wind power providing approximately 50% of that power.
For Europe as a whole, offshore wind power growth is robust. In 2010, Europe’s offshore wind farm installation has proliferated, with more MW installed in the first half of 2010 than in the same period of 2009.
