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HomeStock MarketGerman wind energy sector welcomes authorities offshore terminal funding By Reuters

German wind energy sector welcomes authorities offshore terminal funding By Reuters



© Reuters. FILE PHOTO: A view exhibits a nacelle of a wind turbine on a truck for heavy haulage being transported close to a wind farm, in Biegen, Germany August 31, 2023. REUTERS/Lisi Niesner/File Picture

FRANKFURT (Reuters) – The German Offshore Wind Power Basis mentioned the federal government’s resolution to assist fund the enlargement of an offshore terminal is vital to attain enlargement objectives for wind vitality at sea.

In an announcement late Friday, the inspiration mentioned it welcomed a reported authorities transfer to contribute to the prices of increasing the terminal on the port of Cuxhaven, on the North Beach.

The federal government has agreed to finance the 30-hectare (74 acres) enlargement of the offshore terminal along with the state of Decrease Saxony and the non-public port trade, at a price of round 300 million euros ($324.15 million), North German Radio mentioned on Friday.

“The enlargement of the Cuxhaven port is a central mission for the enlargement of renewable energies,” mentioned spokespeople for the federal government ministries for financial affairs and local weather safety, and digital and transport, in keeping with the inspiration assertion.

The German authorities has been approached for remark.

Germany’s BWE energy affiliation on Wednesday referred to as for the federal government to take enlargement prices under consideration in its nationwide ports technique to fulfill the nation’s vitality transition plans.

Transport Minister Volker Wissing this week mentioned the federal authorities was dedicated to its accountability for ports, together with financially.

The German Offshore Wind Power Basis estimates that as much as 200 hectares of further heavy-duty space will probably be required by the tip of the last decade only for the development of latest offshore wind farms. This corresponds to 270 soccer fields, it mentioned.

($1 = 0.9255 euros)



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