ANALYSIS: Mitsubishi not enough for Germany

Germany needs many more wind farms like Alpha Ventus

Germany needs many more wind farms like Alpha Ventus

Japan’s mighty Mitsubishi Corporation on Wednesday sealed two deals with transmission system operator (TSO) TenneT to buy into German offshore wind grid-connections.

It closed a €240m ($320m) investment agreement for the high-voltage cable projects BorWin1 and BorWin2, and confirmed another €336m for two more offshore hubs, HelWin2 and DolWin2.

The news was certainly a relief for Germany’s fledgling offshore wind sector, which has suffered grid connection delays that threaten to derail the country’s target to reach 10GW of offshore generation capacity by 2020, and 25GW by 2030.

But how much comfort can the embattled industry really take from the Japanese investment?

The Mitsubishi deal at least shows that the amended German Energy Law – passed by Log in to read complete article.

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