Lego will own a third of a German offshore wind farm, the first corporation to do so.
The $1.5 billion project will supply 320,000 homes!
One of the reasons is the lack of progress on extending the renewable energy tax credit.
141 GW of projects, which would supply 13% of EU's electricity, are either being built, have been approved or in the planning stages.
S.Korea plans mammoth offshore wind, APEC's green deal, China on EVs, emissions, US energy storage bill, outlook for EU solar.
Deepwater Wind submitted plans for 1000 MW offshore wind farm.
In the wake of this year's nuclear disaster, Japan wants to be world leader in offshore wind.
The 350 MW offshore wind farm will cost $2-4 billion and create $2.7 billion in economic activity.
The EUR 1.2 billion transaction for Meerwind demonstrates that privately financed projects of this scale are possible, but only with favorable government policy support.
The Incentivizing Offshore Wind Power Act is introduced in the Senate; Rhode Island maps a plan to guide offshore energy development.