Germany invests $47 billion in offshore wind farms

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The German government today announced plans to build 30 wind farms in the North and Baltic Sea north of Germany. Each facility will cost $1.57 billion. The first farm will become reality this year. By 2030, a total of 25,000 megawatts are supposed to be produced when the grid of interconnected wind farms is finalized.

With the record investment, the German government said it wants to increase the level of autonomy regarding foreign energy and oil supply. The wind turbines will be erected offshore in water up to 40 meters deep and connected to the mainland using cables, which are up to 100km long.

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