Sunday, June 6, 2010

German companies to build world's biggest wind park

German companies Siemens, RWE and SWE are teaming up to build the world’s largest wind park off the coast of Wales in the Irish Sea, they announced together on Friday.

The German engineering conglomerate and energy companies have agreed to invest in 160 wind turbines for the Welsh-named "Gwynt y Môr” project, expected to power 400,000 British homes.

Located 13 kilometres from the shore of North Wales, the 124-square-metre wind park will be completed in 2014, though it will begin providing electricity in 2013.

RWE’s renewable energy subsidiary RWE Innogy has taken on 60 percent of the project, while SWE will invest in 30 percent, and RWE 10 percent. Altogether they will invest more than €2 billion.

To read more: http://www.thelocal.de/money/20100604-27655.html

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