Offshore wind projects in Germany to be scaled back
Articles — By forcechange on December 4, 2008 6:14 pm
Germany, the world leader in wind energy production, is having to scale back some of its ambitious offshore wind farm plans due to technical and financial problems. Previously, the country had planned to build enough wind capacity in the North Sea to generate 25,000 MW by 2025. However, that number is now being scaled back to 16,000 MW.
Some of the challenges include construction difficulties arising from building and servicing equipment that is miles offshore, as well as a backlog for equipment due to high demand. And of course, the global credit crisis has limited the resources available to fund the projects.
It is estimated that installing the 16,000 MW of offshore wind production will cost around $60 billion.
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