Home » Natural Resources Articles » MarketScape: Industry's Largest Offshore Wind Farm Could Generate Enough Power for 400,000 Households
MarketScape: Industry's Largest Offshore Wind Farm Could Generate Enough Power for 400,000 Households
A consortium consisting of RWE, Siemens and the municipal utility of Munich plan to invest more than 2 billion euros ($2.5 billion) to build a windpark off the coast of Wales.
COPENHAGEN, DENMARK, June 07, 2010 /Natural Resources PR News/ -- Soren Ditlev, head of MarketScape Renewable Energy, applauds this: "Our analysts have followed the developments around Gwynt y Mor closely, and we are exited about this major breakthrough."
MarketScape supports the offshore wind energy community with the Offshore Wind NewsCatalyst - a global business information service, offering daily intelligence for business professionals with a focus on developing the offshore wind industry. Try the database including our daily newsletter for free here: http://www.marketscape.net/offshorewind/trial.
Construction on the offshore project, the industry's largest (according to Fritz Vahrenholt, head of RWE's renewables business), would begin next year with the first supply of electricity coming two years later.
The windpark would have an installed capacity of 576 Megawatts upon completion in 2014 and could generate enough power for 400,000 households.
RWE holds 60 percent of the shares in the consortium that owns the windpark, with another 30 percent controlled by the municipal utility of Munich and 10 percent by Siemens.
Siemens will receive an order of 1.2 billion euros to supply and maintain the turbines.
MarketScape is a global business information provider specializing in technology driven competitive- market and scientific intelligence for the renewable energy industry. MarketScape is headquartered in Copenhagen, but works globally with a growing client base across 5 continents.
Website: http://www.marketscape.net
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