Subscribe free to our newsletters via your
. Farming News .




WIND DAILY
U.K. invests $1.1 billion in offshore wind
by Daniel J. Graeber
Washington DC (UPI) Mar 30, 2014


disclaimer: image is for illustration purposes only

The U.K. Green Investment Bank said Monday it was investing in two wind energy programs to help position the country as a world leader in the sector.

"These investments are part of a strategy, led by Green Investment Bank, to mobilize capital into the UK offshore wind industry," the bank's chief executive, Shaun Kingsbury, said in a statement.

GIB, alongside Japan's Marubeni Corp., purchased for $830 million a 50 percent stake in the Westernmost Rough offshore wind farm from Danish company DONG Energy. The project, in the early stages of construction, will feature 6 megawatt turbines -- twice the size of conventional turbines. Once fully developed, it will be able to generate 800 gigawatts of energy at its peak.

For $360 million, the bank acquired a 10 percent stake in the Gwynt y Mor offshore wind farm from Germany's RWE Innogy. That project is the largest offshore wind farm under construction in Europe and will be more than twice the size of Westernmost Rough once fully operational.

British Energy and Climate Change Secretary said his country is the world leader in offshore wind investments.

"This news is proof of the strength of investment in British energy infrastructure," he said.

.


Related Links
Wind Energy News at Wind Daily






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





WIND DAILY
Wind farms can provide society a surplus of reliable clean energy, Stanford study finds
Stanford CA (SPX) Mar 24, 2014
The worldwide demand for solar and wind power continues to skyrocket. Since 2009, global solar photovoltaic installations have increased about 40 percent a year on average, and the installed capacity of wind turbines has doubled. The dramatic growth of the wind and solar industries has led utilities to begin testing large-scale technologies capable of storing surplus clean electricity and ... read more


WIND DAILY
NASA Launches Its Third Global 'Codeathon' with New Coastal Flooding Challenge

When Waters Rise: NASA Improves Flood Safety

NASA's Van Allen Probes Reveal Zebra Stripes in Space

Planet Labs Set To Launch Largest Satellite Fleet In History

WIND DAILY
LockMart Taps General Dynamics For Network Element On GPS 3 Birds

First GLONASS satellite in 2014 put in orbit

Astro Aerospace Delivers Antennas For Next-Gen GPS III Satellites 3 through 6

Exelis completes transmitter assemblies for first GPS III satellite payload

WIND DAILY
In the genome of loblolly pine lies hope for better resistance to a damaging disease

Amazon Inhales More Carbon than It Emits

Indonesian president intervenes in roaring forest blaze

Light pollution impairs rainforest regeneration

WIND DAILY
Engineered bacteria produce biofuel alternative for high-energy rocket fuel

Researchers Engineer Resistance to Ionic Liquids in Biofuel Microbes

Sugar, not oil

Algae may be a potential source of biofuels and biochemicals even in cool climate

WIND DAILY
Innovative Microgrid Project Is Centered Around A Solar Village

2000 Different Inverters Work with Tigo's Smart PV Tech

Cost reductions and global expansion critical to SMA Solar's future

New Energy Unveils largest SolarWindow prototype

WIND DAILY
Australian wind energy industry growing up

Wind farms can provide society a surplus of reliable clean energy, Stanford study finds

A new algorithm improves the efficiency of small wind turbines

Taming hurricanes

WIND DAILY
Your money or your life: coal miner's dilemma mirrors China's

Societal Benefits of Fossil Energy to be at Least 50 Times Greater than Perceived Costs of Carbon

Goldman Sachs pulls out from Pacific coal export project

Colombia stops Drummond coal shipments over environmental row

WIND DAILY
China earthquake activist freed after five years: lawyer

Wukan protest leader flees China, seeks US asylum

Wukan protest leader flees China, seeks US aslyum: report

China, world's top executioner, defends death penalty




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.