DeepResource

Observing the world of renewable energy and sustainable living

Germany Plans €60bn Energy Investment

[source]
A raft of new offshore wind farms and hydroelectric power plants are in the offing, after German energy companies and investors yesterday confirmed they are preparing to plough up to €60bn into overhauling the country’s power infrastructure, following the government’s pledge to phase out nuclear reactors… plans are underway to build or modernise 84 power stations with a combined capacity of 42GW… Confirmation that 23 offshore wind projects and 10 hydro pumped storage projects are being planned… the report also reveals that energy firms are planning 29 gas-fired power plants and a further 17 coal-fired facilities.

[BusinessGreen]

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