Germany invests $47 billion in offshore wind farms

Sunday, July 6th, 2008

Dr. Serkan Toto currently works as the first and only Asia-based writer for the TechCrunch network, mainly covering Japan-related technology and web companies for TechCrunch, CrunchGear and MobileCrunch. Serkan also works full-time as an independent web and mobile industry consultant with a focus on the Japanese market. He is sept-lingual, holds an MBA and is a PhD in economics. Serkan... → Learn More

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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