In Europe, $43B for renewable energy
Jan 06, 2010 - UPI
Germany's minister for economy and technology said
a $43 billion project linking nine countries to renewable energy was "crucial"
to Europe's energy goals.
Rainer Bruderle said the offshore energy park
that would link tidal power with wind and hydroelectric plants "focuses on network
connections and integration, which is crucial for wind energy to reach consumers
and to make offshore energy generation a success."
The plan is backed by
Germany, Great Britain, Denmark, Norway, the Netherlands, Belgium, Ireland and
Luxembourg, the EUobserver reported Wednesday.
The plan calls for new cables
that could handle the fluctuations inherent in renewable energy sources. They
would connect offshore windmills controlled by Germany and Britain with hydroelectric
sources in Norway and tidal power stations controlled by Belgium and the Netherlands.
Ministers from the nine countries are scheduled to meet in February to
discuss the project projected to produce 100 gigawatts of power.
is equal to 1 billion watts.
The project would generate "new funding and
expert direction to grow this vital industry," said Britain's Minister for Sustainability
The European Union has set a goal of producing a fifth of
its electricity from renewable energy sources by 2020.
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